SYLACAUGA, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HERITAGE SOUTH CREDIT UNION, founded in 1937, is a mid-sized nonprofit that reported $13.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.
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.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $13,128,357 | $11,239,124 | +0.2% |
| Expenses | $12,872,353 | $10,274,103 | +0.3% |
| Net Income | $256,004 | $965,021 | -0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JIM PATTON | CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDALL MORRIS | VICE-CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY BLANCHARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ONDI TURNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGELA HUGHES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MINDY GRIER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WAYNE SAYERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMIE PAYTON | CEO | 40.00 |
Officer
|
$155,420 | $62,471 | $217,891 |
| LINDSEY MARLOW | COO | 40.00 |
Officer
|
$106,245 | $36,969 | $143,214 |
| ANNA TYLER | CLO | 40.00 |
Officer
|
$107,519 | $58,385 | $165,904 |
| JAMIE ELLIOT | CFO | 40.00 |
Officer
|
$67,983 | $31,578 | $99,561 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $13,128,357 | $12,872,353 | $181,332,851 | $256,004 |
| 2023 | $11,239,124 | $10,274,103 | $174,762,433 | $965,021 |
| 2022 | $9,575,524 | $8,587,673 | $167,185,802 | $987,851 |
| 2021 | $8,672,774 | $7,904,291 | $172,610,156 | $768,483 |
| 2020 | $8,549,369 | $7,973,339 | $163,409,068 | $576,030 |
| 2019 | $8,427,303 | $7,935,396 | $142,991,949 | $491,907 |
| 2018 | $7,734,067 | $7,813,228 | $125,141,054 | $-79,161 |
Compare HERITAGE SOUTH CREDIT UNION with other nonprofits in Alabama and across the country.