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Filing year 2024

Heartland Credit Union

Springfield, Illinois·EIN 37-0665733·501(c)(14)
Total revenue
$29.7M
Total assets
$499.8M
Total expenses
$21.9M
Reported officers
19
Mission

TO IMPROVE MEMBERS' LIVES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$439k
$473k
Base
$337k
Bonus
$39k
Other
$8k
Benefits
$24k
Chief Administrative Officer
Key Employee
Median to 75th percentile
$242k
$260k
Base
$185k
Bonus
$19k
Other
$2k
Benefits
$13k
Certified Financial Planner
Highest Compensated Employee
75th to 90th percentile
$235k
$253k
Base
$212k
Bonus
Other
Benefits
$6k
Chief Lending Officer
Key Employee
Median to 75th percentile
$208k
$223k
Base
$145k
Bonus
$19k
Other
$387
Benefits
$11k
Mortgage Loan Officer
Highest Compensated Employee
Median to 75th percentile
$199k
$214k
Base
$138k
Bonus
$42k
Other
$4k
Benefits
$1k
Chief Financial Officer
75th to 90th percentile
$184k
$198k
Base
$145k
Bonus
$10k
Other
$294
Benefits
$10k
VP of Information Systems
Board Vice President
Median to 75th percentile
$171k
$184k
Base
$129k
Bonus
$13k
Other
$764
Benefits
$10k
VP of Mortgage Lending
Board Vice President
Median to 75th percentile
$159k
$171k
Base
$117k
Bonus
$11k
Other
$1k
Benefits
$10k
Chief Financial Officer
Median to 75th percentile
$158k
$170k
Base
$101k
Bonus
$25k
Other
$11k
Benefits
$12k
Chief Operating Officer
25th percentile to median
$133k
$143k
Base
$108k
Bonus
Other
Benefits
$22k
Chairperson
Board Chair
10th to 25th percentile
$2k
$2k
Board Member
10th to 25th percentile
$2k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Up 3%
from 2023

From $427k in 2023 to $439k in 2024.

$427k
2023
$439k
2024
In today's dollarsEst.
Roughly flat in real terms$471k to $473k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 3% from 2023 to 2024, while revenue rose 26%.

$427k in 2023 to $439k in 2024.
  • Key Employee pay rose 27% from 2023 to 2024.
  • Highest Compensated Employee pay rose 29% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Heartland Credit Union reported revenue and expenses across 2 filing years.

RevenueExpenses
$23.5M
$16.6M
2023
$29.7M
$21.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Heartland Credit Union

What does the Chief Executive Officer of Heartland Credit Union earn?

In 2024, the Chief Executive Officer of Heartland Credit Union received $439,476 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Heartland Credit Union compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at Heartland Credit Union falls in the top 10%.

What are Heartland Credit Union's revenue and expenses?

In 2024, Heartland Credit Union reported $29.7M in total revenue and $21.9M in total expenses on its IRS Form 990.

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