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Nonprofit · EIN 63-0288900

HERITAGE SOUTH CREDIT UNION

Tax-exempt · SYLACAUGA, AL 35151

Financials

$11.2M$10.3M2023$13.1M$12.9M2024
Revenue Expenses · by fiscal year end
Financials of HERITAGE SOUTH CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$13,128,357$12,872,353$256,004$181,332,851$166,386,277$14,946,574
December 31, 2023990$11,239,124$10,274,103$965,021$174,762,433$160,474,714$14,287,719
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$8,326,663
Investment income
$1,460,251
Other revenue
$3,341,443

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$626,569
Other salaries and wages
$2,441,663
Salaries, compensation and benefits (total)
$4,205,237
Professional fundraising fees
$0
Legal fees
$11,624
Accounting fees
$55,951
Occupancy
$358,998
Travel
$156,898
Depreciation
$460,052

Balance sheet and other

Total assets, start of year
$174,762,433
Total assets, end of year
$181,332,851
Total liabilities, end of year
$166,386,277
Net assets, end of year
$14,946,574
Land, buildings and equipment
$9,822,000
Publicly traded securities
$9,015,798
Gross unrelated business income
$88,701
Gross receipts
$13,128,357
Employees
77
Volunteers
12
Year formed
1937
State of legal domicile
AL

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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JAMIE PAYTONCEO
Officer
40$155,420$62,471
ANNA TYLERCLO
Officer
40$107,519$58,385
LINDSEY MARLOWCOO
Officer
40$106,245$36,969
JAMIE ELLIOTCFO
Officer
40$67,983$31,578
JIM PATTONCHAIRPERSON
Trustee or director
1$0$0
RANDALL MORRISVICE-CHAIRPERSON
Trustee or director
1$0$0
LARRY BLANCHARDDIRECTOR
Trustee or director
1$0$0
ONDI TURNERDIRECTOR
Trustee or director
1$0$0
ANGELA HUGHESDIRECTOR
Trustee or director
1$0$0
MINDY GRIERDIRECTOR
Trustee or director
1$0$0
WAYNE SAYERSDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
JAMIE PAYTONCEO
Officer
40$150,320$64,914
ANNA TYLERCLO
Officer
40$105,617$58,858
LINDSEY MARLOWCOO
Officer
40$101,041$40,247
JAMIE ELLIOTCFO
Officer
40$69,814$31,731
RANDALL MORRISVICE-CHAIRPERSON
Trustee or director, Officer
1$0$0
LARRY BLANCHARDDIRECTOR
Trustee or director
1$0$0
ONDI TURNERDIRECTOR
Trustee or director
1$0$0
ANGELA HUGHESDIRECTOR
Trustee or director
1$0$0
JIM PATTONCHAIRPERSON
Trustee or director, Officer
1$0$0
MINDY GRIERDIRECTOR
Trustee or director
1$0$0
WAYNE SAYERSDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
60 GENE E STEWART BLVD, SYLACAUGA, AL 35151-4542
In care of
% JAMIE PAYTON
Principal officer (990 for 2024)
JAMIE PAYTON, 60 GENE STEWART BOULEVARD, SYLACAUGA, AL 35151
Signed the 990
JAMIE PAYTON, CEO
Phone
(888) 245-4776
Return prepared by
WARREN AVERETT LLC

Mission

THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. THE CREDIT UNION SERVES MEMBERS IN FIVE COUNTIES IN EAST CENTRAL ALABAMA. THE TOTAL NUMBER OF MEMBERS SERVED IS IN EXCESS OF 15,000.

990 for the year ended December 31, 2024

Program accomplishments

  • IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, AND CERTIFICATE OF DEPOSIT ACCOUNTS.
  • TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
63-0288900
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$181,332,851
Income (IRS master file)
$13,128,357

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$13,128,357$12,872,353$181,332,851XML
990December 2023$11,239,124$10,274,103$174,762,433XML
990December 2022$9,575,524$8,587,673$167,185,802IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 63-0288900).

Questions about HERITAGE SOUTH CREDIT UNION

What is the EIN of HERITAGE SOUTH CREDIT UNION?
The employer identification number (EIN) of HERITAGE SOUTH CREDIT UNION is 63-0288900.
Is HERITAGE SOUTH CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1971.
Are donations to HERITAGE SOUTH CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HERITAGE SOUTH 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 HERITAGE SOUTH CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HERITAGE SOUTH CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HERITAGE SOUTH CREDIT UNION?
The 990 for the year ended December 31, 2024 names JAMIE PAYTON.
Who are the officers and directors of HERITAGE SOUTH CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 11 people; 4 received compensation from the organization, the highest $155,420 (JAMIE PAYTON, CEO).
How much revenue does HERITAGE SOUTH CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $13,128,357, expenses of $12,872,353 and total assets of $181,332,851 at year end.

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