HERITAGE COMMUNITY CREDIT UNION

EIN: 941289802

RANCHO CORDOVA, CA

Total Revenue
$16,544,283
Total Expenses
$14,618,448
Total Assets
$268,126,175
Net Assets
$24,818,044
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CA
Principal Officer
ED TURK
Phone
9163641700
Tax Period
2024-01-01 to 2024-12-31

HERITAGE COMMUNITY CREDIT UNION, founded in 1999, is a mid-sized nonprofit that reported $16.5M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $14.6M left a modest 12% surplus.

Mission

HERITAGE COMMUNITY CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, HERITAGE COMMUNITY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. THE MISSION OF HERITAGE COMMUNITY CREDIT UNION (HCCU) IS TO EMPOWER OUR MEMBERS TO ACHIEVE THEIR FINANCIAL ASPIRATIONS BY PROVIDING PERSONALIZED BANKING SOLUTIONS THAT TURN DREAMS INTO REALITIES.

Program Service Accomplishments

Program 1

HCCU OFFERS A RANGE OF FINANCIAL PRODUCTS, INCLUDING CHECKING, SAVINGS, MONEY MARKET ACCOUNTS, AND SHARE CERTIFICATES, WITH COMPETITIVE DIVIDENDS. MEMBERS CAN CONVENIENTLY MANAGE AND FUND THEIR...

Read more

HCCU OFFERS A RANGE OF FINANCIAL PRODUCTS, INCLUDING CHECKING, SAVINGS, MONEY MARKET ACCOUNTS, AND SHARE CERTIFICATES, WITH COMPETITIVE DIVIDENDS. MEMBERS CAN CONVENIENTLY MANAGE AND FUND THEIR ACCOUNTS THROUGH ASSISTED AND VARIOUS SELF-SERVICE CHANNELS, INCLUDING BRANCHES, ATMS, THE CONTACT CENTER, ONLINE AND MOBILE BANKING, AND TRANSFERS VIA WIRE OR ZELLE.

Program 2

HCCU OFFERS AN ARRAY OF VALUE-DRIVEN LENDING PRODUCTS, INCLUDING REAL ESTATE, HOME EQUITY, FACTORY BUILT HOME, AUTO, RECREATIONAL VEHICLE, CREDIT CARD, PERSONAL, AND LINE OF CREDIT LOANS. ALL LOANS...

Read more

HCCU OFFERS AN ARRAY OF VALUE-DRIVEN LENDING PRODUCTS, INCLUDING REAL ESTATE, HOME EQUITY, FACTORY BUILT HOME, AUTO, RECREATIONAL VEHICLE, CREDIT CARD, PERSONAL, AND LINE OF CREDIT LOANS. ALL LOANS FEATURE COMPETITIVE, UP-TO-DATE INTEREST RATES DESIGNED TO MEET THE DIVERSE FINANCIAL NEEDS OF OUR MEMBERS.

Program 3

HCCU PROVIDES MEMBERS WITH OPPORTUNITIES TO INVEST IN THEIR FINANCIAL FUTURE THROUGH PROFESSIONAL INVESTMENT SERVICES. HCCU ALSO OFFERS A RANGE OF COMPREHENSIVE INSURANCE PRODUCTS, INCLUDING CREDIT...

Read more

HCCU PROVIDES MEMBERS WITH OPPORTUNITIES TO INVEST IN THEIR FINANCIAL FUTURE THROUGH PROFESSIONAL INVESTMENT SERVICES. HCCU ALSO OFFERS A RANGE OF COMPREHENSIVE INSURANCE PRODUCTS, INCLUDING CREDIT LIFE, DISABILITY, HOME, LIFE, AND AUTO INSURANCE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,417,882
Investment Income $1,368,461
Other Revenue $2,757,940
TOTAL REVENUE $16,544,283

Expense Breakdown

Grants Paid $6,828
Salaries & Benefits $4,551,007
Fundraising Expenses $0
Other Expenses $10,060,613
TOTAL EXPENSES $14,618,448

Year-over-Year Comparison

2024 2023 Change
Revenue $16,544,283 $12,093,694 +0.4%
Expenses $14,618,448 $11,232,303 +0.3%
Net Income $1,925,835 $861,391 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
48
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$807,449
Total Directors
14
$1,562
Key Employees
2
$418,061
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOBBI K BEEHLER CHAIRPERSON 1.00
Director
$0 $0 $0
HARRY E HANNAN JR VICE-CHAIRPERSON 1.00
Director
$0 $0 $0
ALLAN F WISNICKY TREASURER 1.00
Director
$0 $0 $0
HUONG V VU SECRETARY 1.00
Director
$0 $0 $0
WILLIAM J WINDLE DIRECTOR 1.00
Director
$0 $0 $0
JOFIL BORJA DIRECTOR 1.00
Director
$0 $0 $0
KEVIN QUAINTANCE DIRECTOR 1.00
Director
$0 $0 $0
TAMMY DAVIS ASSOCIATE BOARD MEMBER 1.00
Director
$0 $0 $0
KEN EZEH ASSOCIATE BOARD MEMBER 1.00
Director
$0 $0 $0
SHARON HANNAN SUPV CMTE CHAIRPERSON 1.00
Director
$0 $0 $0
ROBERT L COLLINS SUPV CMTE SECRETARY 1.00
Director
$1,562 $0 $1,562
PETER THOMSEN SUPV CMTE MEMBER 1.00
Director
$0 $0 $0
TINA KILGORE SUPV CMTE ASSOCIATE MEMBER 1.00
Director
$0 $0 $0
HENRY FAVRO SUPV CMTE ASSOCIATE MEMBER 1.00
Director
$0 $0 $0
ED TURK PRESIDENT/CEO 40.00
Officer
$346,133 $52,687 $398,820
MATT HARMS CFO 40.00
Officer
$177,692 $15,810 $193,502
CHRISTINE HAROLDSON CLO 40.00
Officer
$184,774 $30,353 $215,127
CRAIG ENGSTROM VP MEMBER SERVICES 40.00
Key Emp
$195,329 $27,815 $223,144
CHAD SUGGS VP INFORMATION TECHNOLOGY 40.00
Key Emp
$172,179 $22,738 $194,917
NAOMI GILBERT CONTROLLER 40.00
Highest
$120,406 $17,015 $137,421
RENEE MORGANSON LENDING MANAGER 40.00
Highest
$105,750 $29,163 $134,913
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $16,544,283 $14,618,448 $268,126,175 $1,925,835
2023 $12,093,694 $11,232,303 $272,972,081 $861,391
2022 $9,071,810 $8,603,886 $266,034,241 $467,924
2021 $8,680,088 $7,635,259 $248,959,506 $1,044,829
2020 $9,631,794 $9,606,176 $237,087,164 $25,618
2019 $9,534,573 $8,493,730 $216,600,957 $1,040,843
2018 $9,135,177 $8,384,237 $213,864,595 $750,940
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HERITAGE COMMUNITY CREDIT UNION with other nonprofits in California and across the country.