Nonprofit · EIN 62-6040478
HERITAGE SOUTH COMMUNITY CU
Tax-exempt · SHELBYVILLE, TN 37162
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $29,057,056 | $24,442,352 | $4,614,704 | $358,247,962 | $300,226,471 | $58,021,491 |
| December 31, 2024 | 990 | $26,065,928 | $20,687,814 | $5,378,114 | $337,938,757 | $285,082,198 | $52,856,559 |
| December 31, 2023 | 990 | $19,988,135 | $17,626,194 | $2,361,941 | $307,924,520 | $260,387,825 | $47,536,695 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $19,359,672
- Investment income
- $2,900,493
- Net gain from sales of assets
- $625,841
- Other revenue
- $6,796,891
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,252,677
- Other salaries and wages
- $4,652,206
- Salaries, compensation and benefits (total)
- $9,233,339
- Professional fundraising fees
- $0
- Legal fees
- $9,344
- Accounting fees
- $209,650
- Occupancy
- $918,131
- Travel
- $101,689
- Depreciation
- $308,139
Balance sheet and other
- Total assets, start of year
- $337,938,757
- Total assets, end of year
- $358,247,962
- Total liabilities, end of year
- $300,226,471
- Net assets, end of year
- $58,021,491
- Land, buildings and equipment
- $8,261,499
- Publicly traded securities
- $42,231,316
- Gross receipts
- $30,940,220
- Employees
- 98
- Volunteers
- 6
- Year formed
- 1957
- State of legal domicile
- TN
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laura Parham | CEO Officer, Key employee, Highest-paid employee | 45 | $400,564 |
| Beverly Saylor | SVP - Compliance & Internal Auditor Key employee, Highest-paid employee | 45 | $207,102 |
| Jody Stovall | CFO Key employee, Highest-paid employee | 45 | $206,722 |
| David King | SVP - Information Technology Key employee, Highest-paid employee | 45 | $199,483 |
| Brett Young | Executive Vice President Key employee, Highest-paid employee | 40 | $152,660 |
| Danielle Hale | VP - Lending Key employee, Highest-paid employee | 40 | $150,439 |
| Tony Hicks | Director of Business Lending Key employee, Highest-paid employee | 40 | $138,947 |
| Denise Parker | VP - Human Resources Key employee, Highest-paid employee | 40 | $125,910 |
| Wes Trundle | VP - Marketing Key employee, Highest-paid employee | 40 | $119,183 |
| Carla Brown | VP - Member Services & Operations Key employee, Highest-paid employee | 40 | $118,911 |
| Jesse Wrenn | IT Security Administrator Highest-paid employee | 40 | $115,149 |
| Geraldine Gassaway | Branch Manager Key employee, Highest-paid employee | 40 | $113,574 |
| Kelly Vincent | Core System Director Highest-paid employee | 40 | $103,844 |
| Latasha Hall | Branch Manager Key employee, Highest-paid employee | 40 | $100,189 |
| Ken Malone | Board President Trustee or director, Officer | 1.25 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Talley Floyd | Board Vice President Trustee or director, Officer | 0.5 | $0 |
| Brian Parker | Board Secretary Trustee or director, Officer | 0.5 | $0 |
| Wyatt Burk | Board member Trustee or director | 0.5 | $0 |
| Clay Ledford | Board member Trustee or director | 0.5 | $0 |
| Andrea Anderson | Board Treasurer Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laura Parham | CEO Officer, Key employee, Highest-paid employee | 45 | $374,810 |
| David King | SVP - Information Technology Key employee, Highest-paid employee | 45 | $180,120 |
| Beverly Saylor | SVP - Compliance & Internal Auditor Key employee, Highest-paid employee | 45 | $170,652 |
| Jody Stovall | CFO Key employee, Highest-paid employee | 45 | $167,970 |
| Brett Young | Financial Analyst Key employee, Highest-paid employee | 45 | $124,058 |
| Tony Hicks | Director of Business Lending Key employee, Highest-paid employee | 45 | $112,922 |
| Danielle Hale | VP - Lending Key employee, Highest-paid employee | 45 | $110,861 |
| Jesse Wrenn | IT Security Administrator Highest-paid employee | 45 | $107,290 |
| Geraldine Gassaway | Branch Manager Key employee, Highest-paid employee | 45 | $105,393 |
| Wes Trundle | VP - Marketing Key employee, Highest-paid employee | 45 | $101,840 |
| Ken Malone | Board President Trustee or director, Officer | 1.25 | $0 |
| Talley Floyd | Board Vice President Trustee or director, Officer | 0.5 | $0 |
| Jerry Gordon | Board Treasurer Trustee or director, Officer | 0.5 | $0 |
| Brian Parker | Board Secretary Trustee or director, Officer | 0.5 | $0 |
| Wyatt Burk | Board member Trustee or director | 0.5 | $0 |
| Clay Ledford | Board member Trustee or director | 0.5 | $0 |
| Andrea Anderson | Board member Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laura Parham | CEO Officer, Key employee, Highest-paid employee | 45 | $354,777 |
| David King | SVP - Information Technology Key employee, Highest-paid employee | 45 | $173,211 |
| Beverly Saylor | SVP - Compliance & Internal Auditor Key employee, Highest-paid employee | 45 | $162,029 |
| Jody Stovall | CFO Key employee, Highest-paid employee | 45 | $160,592 |
| Betty Baker | SVP - Lending Key employee, Highest-paid employee | 45 | $122,353 |
| Tony Hicks | Director of Business Lending Key employee, Highest-paid employee | 45 | $107,601 |
| Geraldine Gassaway | Branch Manager Key employee, Highest-paid employee | 45 | $103,115 |
| Jesse Wrenn | IT Security Administrator Highest-paid employee | 45 | $102,874 |
| Brett Young | Financial Analyst Key employee, Highest-paid employee | 45 | $102,147 |
| Ken Malone | Board President Trustee or director, Officer | 1.25 | $0 |
| Talley Floyd | Board Vice President Trustee or director, Officer | 0.5 | $0 |
| Jerry Gordon | Board Treasurer Trustee or director, Officer | 0.5 | $0 |
| Brian Parker | Board Secretary Trustee or director, Officer | 0.5 | $0 |
| Wyatt Burk | Board member Trustee or director | 0.5 | $0 |
| Clay Ledford | Board member Trustee or director | 0.5 | $0 |
| Andrea Anderson | Board member Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1219, SHELBYVILLE, TN 37162-1219
- In care of
- % JODY STOVALL
- Principal officer (990 for 2025)
- Laura Parham, PO Box 1219, Shelbyville, TN 37162
- Signed the 990
- Jody Stovall, Chief Financial Officer
- Phone
- (931) 684-3596
- Website
- www.heritagesouth.org
Mission
Provide service in the form of loans, shares, drafts, IRA and various other services for approximately 35,653 members.
Program accomplishments
- Provides various financial services to its approximately 35,653 members.Expenses $24,442,352 · revenue $29,057,056
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-6040478
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1182: CREDIT UNIONS CHARTERED IN THE STATE OF TENNESSEE
- Assets (IRS master file)
- $358,247,962
- Income (IRS master file)
- $30,940,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $29,057,056 | $24,442,352 | $358,247,962 | IRS |
| 990 | December 2024 | $26,065,928 | $20,687,814 | $337,938,757 | IRS |
| 990 | December 2023 | $19,988,135 | $17,626,194 | $307,924,520 | XML |
| 990 | December 2022 | $17,607,679 | $14,056,011 | $310,634,277 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 62-6040478).
Questions about HERITAGE SOUTH COMMUNITY CU
- What is the EIN of HERITAGE SOUTH COMMUNITY CU?
- The employer identification number (EIN) of HERITAGE SOUTH COMMUNITY CU is 62-6040478.
- Is HERITAGE SOUTH COMMUNITY CU tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1952.
- Are donations to HERITAGE SOUTH COMMUNITY CU tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HERITAGE SOUTH COMMUNITY CU 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 HERITAGE SOUTH COMMUNITY CU due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HERITAGE SOUTH COMMUNITY CU 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 HERITAGE SOUTH COMMUNITY CU?
- The 990 for the year ended December 31, 2025 names Laura Parham.
- Who are the officers and directors of HERITAGE SOUTH COMMUNITY CU?
- The 990 for the year ended December 31, 2025 lists 20 people; 14 received compensation from the organization, the highest $400,564 (Laura Parham, CEO).
- How much revenue does HERITAGE SOUTH COMMUNITY CU have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $29,057,056, expenses of $24,442,352 and total assets of $358,247,962 at year end.
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