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Filing year 2024

Heritage Financial Credit Union

Middletown, New York·EIN 14-1348251·NTEE W61 · Public & Societal Benefit·501(c)(14)
Total revenue
$43.5M
Total assets
$731M
Total expenses
$44.1M
Reported officers
29
Mission

https://heritagefcu.com/about/what-makes-us-different

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 22 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

Ceopresident
75th to 90th percentilevs Public & Societal Benefit peers in New York
$594k
$642k
Base
$458k
Bonus
$98k
Other
Benefits
$21k
EVP
Executive Vice President
Median to 75th percentile
$322k
$348k
Base
$252k
Bonus
$39k
Other
Benefits
$15k
COO
Median to 75th percentile
$224k
$242k
Base
$185k
Bonus
$20k
Other
Benefits
$7k
SVP of Commercial
Senior Vice President
10th to 25th percentile
$195k
$211k
Base
$165k
Bonus
$16k
Other
Benefits
$7k
VP of Lending
Vice President
Median to 75th percentile
$187k
$202k
Base
$160k
Bonus
$11k
Other
Benefits
$16k
VP of HR
Vice President
Median to 75th percentile
$187k
$202k
Base
$156k
Bonus
$13k
Other
Benefits
$7k
VP of Finance
Vice President
Median to 75th percentile
$176k
$190k
Base
$158k
Bonus
$13k
Other
Benefits
Mlo II
Highest Compensated Employee
Median to 75th percentile
$175k
$189k
Base
$36k
Bonus
$114k
Other
$5k
Benefits
$15k
Mlo II
Highest Compensated Employee
Median to 75th percentile
$174k
$189k
Base
$37k
Bonus
$129k
Other
$137
Benefits
AVP of IT
Officer (Unspecified)
$166k
$179k
Base
$132k
Bonus
$5k
Other
Benefits
$21k
AVP of Retail
Officer (Unspecified)
$146k
$158k
Director of Compliance
Highest Compensated Employee
25th percentile to median
$141k
$152k
VP of Audit
Vice President
Median to 75th percentile
$139k
$150k
AVP of Sales Service
Officer (Unspecified)
$136k
$147k
AVP of Marketing
Officer (Unspecified)
$132k
$142k
AVP of Cu Operations
Officer (Unspecified)
$130k
$141k
AVP of Sbo
Officer (Unspecified)
$130k
$140k
AVP of Lending Product
Officer (Unspecified)
$124k
$134k
Director of Lending
Highest Compensated Employee
10th to 25th percentile
$122k
$132k
Chief of Staff
Officer (Unspecified)
$119k
$129k
Manager of Real Estate
Highest Compensated Employee
10th to 25th percentile
$112k
$121k
AVP of Loan Operations
Officer (Unspecified)
$105k
$113k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Heritage Financial Credit Union equaled 1% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
1%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 5%
from 2023

From $628k in 2023 to $594k in 2024.

$628k
2023
$594k
2024
In today's dollarsEst.
Down 9% in real terms$705k to $642k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, 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 fell 5% from 2023 to 2024, while revenue rose 10%.

$628k in 2023 to $594k in 2024.
  • Executive Vice President pay held roughly steady from 2023 to 2024.
  • Chief Operating Officer pay rose 10% 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.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Heritage Financial Credit Union

What does the Chief Executive Officer of Heritage Financial Credit Union earn?

In 2024, the Chief Executive Officer of Heritage Financial Credit Union received $594,079 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Public & Societal Benefit organizations in New York, though not the top 10% of comparable filings. Based on IRS Form 990 data.

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

Compared with the same role at Public & Societal Benefit organizations in New York, the 2024 pay of the Chief Executive Officer at Heritage Financial Credit Union falls between the 75th and 90th percentiles. In 2024, the highest total compensation at Heritage Financial Credit Union equaled 1% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are Heritage Financial Credit Union's revenue and expenses?

In 2024, Heritage Financial Credit Union reported $43.5M in total revenue and $44.1M in total expenses on its IRS Form 990.

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