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Nonprofit · EIN 41-0845601

HEARTLAND CREDIT UNION

Tax-exempt · INVER GROVE, MN 55077

Financials

$8.3M$7.7M2023$9.7M$9.5M2024$10M$9.6M2025
Revenue Expenses · by fiscal year end
Financials of HEARTLAND CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$9,957,477$9,580,755$376,722$173,940,602$159,309,828$14,630,774
December 31, 2024990$9,671,992$9,491,589$180,403$177,619,157$165,159,956$12,459,201
December 31, 2023990$8,315,333$7,709,814$605,519$189,890,064$177,960,646$11,929,418
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$8,333,101
Investment income
$1,624,376
Net gain from sales of assets
$390
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$1,914,432
Compensation of officers, directors and key employees
$870,659
Other salaries and wages
$1,546,560
Salaries, compensation and benefits (total)
$2,988,494
Professional fundraising fees
$0
Legal fees
$28,042
Accounting fees
$56,300
Occupancy
$275,806
Travel
$48,452
Depreciation
$382,289

Balance sheet and other

Total assets, start of year
$177,619,157
Total assets, end of year
$173,940,602
Total liabilities, end of year
$159,309,828
Net assets, end of year
$14,630,774
Land, buildings and equipment
$7,546,807
Gross unrelated business income
$7,762
Gross receipts
$9,957,477
Employees
45
Volunteers
10
Year formed
1939
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KATHLEEN HARRINGTONPRESIDENT
Officer
45$282,736$17,048
BRITTANY KLOETZKEVP OF LENDING
Officer
40$150,494$18,087
NATHAN DORMODYVP OF OPERATIONS
Officer
40$126,512$16,628
ALYSSA KARLVICE PRESIDENT - MARKETING
Officer
45$123,652$8,383
JUSTIN HOULEVP/CFO
Officer
40$114,907$12,212
DALE LIEBBOARD DIRECTOR
Trustee or director, Officer
1$0$0
REX CARLSONBOARD CHAIR
Trustee or director, Officer
1$0$0
NOEL LARSONBOARD DIRECTOR
Trustee or director
1$0$0
ERIC SPANDLBOARD DIRECTOR
Trustee or director
1$0$0
ANN YOUNGBOARD DIRECTOR
Trustee or director
1$0$0
GENE TRAXLERBOARD VICE CHAIR
Trustee or director, Officer
1$0$0
NANCI LIJABOARD SECRETARY
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2024: 12 people
NameTitleHours / weekCompensationOther / benefits
KATHLEEN HARRINGTONPRESIDENT
Officer
45$262,687$29,215
JUSTIN HOULEVP/CFO
Officer
40$139,342$14,625
BRITTANY KLOETZKEVP OF LENDING
Officer
40$133,299$16,063
NATHAN DORMODYVP OF OPERATIONS
Officer
40$125,654$20,096
ALYSSA KARLVICE PRESIDENT - MARKETING
Officer
45$122,304$8,323
DALE LIEBBOARD DIRECTOR
Trustee or director
1$0$0
REX CARLSONBOARD CHAIR
Trustee or director, Officer
1$0$0
NOEL LARSONBOARD DIRECTOR
Trustee or director
1$0$0
ERIC SPANDLBOARD DIRECTOR
Trustee or director
1$0$0
ANN YOUNGBOARD DIRECTOR
Trustee or director
1$0$0
GENE TRAXLERBOARD VICE CHAIR
Trustee or director, Officer
1$0$0
NANCI LIJABOARD SECRETARY
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
KATHLEEN HARRINGTONPRESIDENT
Officer
45$273,947$47,825
BRITTANY KLOETZKEVP OF LENDING
Officer
40$120,823$23,571
ALYSSA KARLVICE PRESIDENT - MARKETING
Officer
45$120,054$23,571
NATHAN DORMODYVP OF OPERATIONS
Officer
40$116,466$24,157
JUSTIN HOULEVP/CFO
Officer
40$102,449$17,225
DALE LIEBBOARD DIRECTOR
Trustee or director
1$0$0
GENE TRAXLERBOARD VICE CHAIR
Trustee or director, Officer
1$0$0
NANCI LILJABOARD SECRETARY
Trustee or director, Officer
1$0$0
REX CARLSONBOARD CHAIR
Trustee or director, Officer
1$0$0
NOEL LARSONBOARD DIRECTOR
Trustee or director
1$0$0
ERIC SPANDLBOARD DIRECTOR
Trustee or director
1$0$0
ANN YOUNGBOARD DIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
5500 S ROBERT TRL, INVER GROVE, MN 55077-1445
Principal officer (990 for 2025)
KATHLEEN HARRINGTON, 5500 SOUTH ROBERT TRAIL, INVER GROVE HEIGHTS, MN 55077
Signed the 990
KATHLEEN HARRINGTON, CEO
Phone
(651) 451-5160
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

TO HELP OUR MEMBERS GET THE MOST FROM THEIR MONEY.

990 for the year ended December 31, 2025

Program accomplishments

  • THE CREDIT UNION PROVIDES APPROXIMATELY 21,115 DEPOSIT ACCOUNTS THAT ARE HELD BY APPROXIMATELY 10,905 MEMBERS. DIVIDENDS AND INTEREST ARE PAID ON THESE ACCOUNTS.
  • THE CU PROVIDES SAVINGS DEPOSIT SERVICES, ORIGINATES NEW LOANS AND SERVICES THE LOAN PORTFOLIO FOR MEMBERS.
  • THE CU PROVIDES ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA ONLINE BANKING, MOBILE BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICE.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Check at the IRS
2023June 30, 2024November 15, 2024Check at the IRS

IRS record

EIN
41-0845601
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1944
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$173,940,602
Income (IRS master file)
$9,957,477

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$9,957,477$9,580,755$173,940,602XML
990December 2024$9,671,992$9,491,589$177,619,157XML
990December 2023$8,315,333$7,709,814$189,890,064XML
990December 2022$6,871,106$5,849,956$175,100,407IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0845601).

Questions about HEARTLAND CREDIT UNION

What is the EIN of HEARTLAND CREDIT UNION?
The employer identification number (EIN) of HEARTLAND CREDIT UNION is 41-0845601.
Is HEARTLAND CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
Are donations to HEARTLAND CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HEARTLAND CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HEARTLAND CREDIT UNION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HEARTLAND CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of HEARTLAND CREDIT UNION?
The 990 for the year ended December 31, 2025 names KATHLEEN HARRINGTON.
Who are the officers and directors of HEARTLAND CREDIT UNION?
The 990 for the year ended December 31, 2025 lists 12 people; 5 received compensation from the organization, the highest $282,736 (KATHLEEN HARRINGTON, PRESIDENT).
How much revenue does HEARTLAND CREDIT UNION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $9,957,477, expenses of $9,580,755 and total assets of $173,940,602 at year end.

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