Heritage Financial Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141348251 ✦ Middletown, NY ✦ Designated as a 501(c)(14)

Overview

What is Heritage Financial Credit Union?

Heritage Financial Credit Union, based on the provided information, is a distinctive credit union committed to delivering various programs with a significant focus on retail lending. The organization sets itself apart from competitors to offer unique financial solutions to its members. While the given description includes links to their website, the summary does not rely on those sources to ensure a natural tone and maintain the maximum word limit.


Official website here: www.heritagefcu.com

Is Heritage Financial Credit Union legitimate?

Heritage Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Heritage Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $3,076,657
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,781,471

For more financial information, click here


Official website here: www.heritagefcu.com

What is the mission statement of Heritage Financial Credit Union?

Heritage Financial Credit Union sets itself apart as a distinctive credit union, dedicated to delivering unique programs. A significant part of their mission involves active engagement in retail lending. In their own words, they aim to differentiate themselves from other financial institutions. Their commitment extends beyond routine banking services, making them a notable choice.


Official website here: www.heritagefcu.com

Who is the CEO of Heritage Financial Credit Union?

Michael J Ciriello is the Principal Officer of Heritage Financial Credit Union. The CEO's salary of Heritage Financial Credit Union is $554,038 and their total compensation is $561,990.


Official website here: www.heritagefcu.com

What is the revenue of Heritage Financial Credit Union?

Heritage Financial Credit Union's revenue in 2022 was $31,237,369.


Official website here: www.heritagefcu.com

Who are the executives of Heritage Financial Credit Union and what are their salaries?

The average compensation at Heritage Financial Credit Union during 2022 was $51,460. There are 211 employees and 11 volunteers at Heritage Financial Credit Union.

Here are 28 key members and their salaries (Heritage Financial Credit Union's CEO's salary is $554,038 and their total compensation is $561,990):

    Michael Ciriello (Ceopresident)
  • Compensation: $554,038
  • Related: $0
  • Other: $7,952

    • Frederick Cornelius (Evp)
  • Compensation: $284,708
  • Related: $0
  • Other: $12,175

    • Paul Priesel (Cio)
  • Compensation: $227,111
  • Related: $0
  • Other: $6,825

    • Samantha Primo (Mlo Ii)
  • Compensation: $163,189
  • Related: $0
  • Other: $7,308

    • Jamie Carolan (Vp Of Finance)
  • Compensation: $162,567
  • Related: $0
  • Other: $4,337

    • Christopher Olson (Vp Of Retail)
  • Compensation: $158,461
  • Related: $0
  • Other: $7,387

    • Mario Guarneri (Vp Of Audit)
  • Compensation: $158,626
  • Related: $0
  • Other: $4,699

    • Jonathan Shakelton (Vp Of Risk Management)
  • Compensation: $150,310
  • Related: $0
  • Other: $4,557

    • Michael Desieno (Director Of It)
  • Compensation: $128,733
  • Related: $0
  • Other: $6,337

    • Christopher Hagar (Avp Of Sales And Servi)
  • Compensation: $129,258
  • Related: $0
  • Other: $5,653

    • Michael Mehling (Vp Of Lending)
  • Compensation: $123,926
  • Related: $0
  • Other: $5,529

    • Mitchell Decoeur (Avp Of Collectionsre)
  • Compensation: $119,694
  • Related: $0
  • Other: $5,885

    • Shawn Simmons (Mlo Ii)
  • Compensation: $119,878
  • Related: $0
  • Other: $5,610

    • Angela Morrill (Director Of Retail)
  • Compensation: $119,188
  • Related: $0
  • Other: $5,859

    • Arlette Kiernan (Director Of Hr)
  • Compensation: $112,825
  • Related: $0
  • Other: $4,958

    • Glenda Serrano (Chief Of Staff)
  • Compensation: $105,371
  • Related: $0
  • Other: $5,169

    • Jessica Tomapat (Avp Of Bi)
  • Compensation: $73,064
  • Related: $0
  • Other: $3,653

    • Jennifer Connolly (Chief Of Staff)
  • Compensation: $69,843
  • Related: $0
  • Other: $3,492

    • Christopher Trocino (Vp Of Commercial Lend)
  • Compensation: $60,789
  • Related: $0
  • Other: $0

    • Maryann Maikisch (Vp Of Hr)
  • Compensation: $47,789
  • Related: $0
  • Other: $0

    • Thomas Curcio (Vp Of Commercial Lend)
  • Compensation: $7,192
  • Related: $0
  • Other: $0

    • Kenneth Affeldt (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Houston (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Ryan (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandra Gerow (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Boyle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicolas Giglio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Naumchik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.heritagefcu.com

    Where can I find the form 990 for Heritage Financial Credit Union?

    The Heritage Financial Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.heritagefcu.com

    Learn more at the official website: www.heritagefcu.com

    Mission Statement of Heritage Financial Credit Union

    Heritage Financial Credit Union stands out as a unique and distinct financial institution. With a strong commitment to delivering difference-making services, the credit union's primary focus lies in retail lending.

    Heritage Financial Credit Union's mission is geared towards setting itself apart from other financial organizations. By offering various programs tailored to its members, the credit union seeks to create a positive impact in the financial lives of its clients. The largest of these initiatives revolves around retail lending.

    The credit union's dedication to its mission is evident in its various offerings. It strives to provide its members with competitive interest rates, flexible repayment terms, and personalized customer service. Through these offerings, Heritage Financial Credit Union aims to help its members achieve their financial goals and improve their overall financial well-being.

    In summary, Heritage Financial Credit Union is a credit union that sets itself apart from competitors through its mission to offer various programs, with a significant focus on retail lending. By providing competitive interest rates, flexible repayment terms, and personalized customer service, the credit union seeks to help its members achieve their financial goals and enhance their financial well-being.

    Impact

    This information is meant to be a general summary of Heritage Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Heritage Financial Credit Union's impact is primarily centered around providing financial services and resources to its members in Middletown, NY. Through their various programs and retail lending activities, Heritage Financial Credit Union plays a vital role in assisting individuals and families in meeting their financial needs and goals. Their mission to be a unique and distinct credit union underscores their commitment to serving the community and promoting financial well-being. The credit union's presence and services contribute to the economic stability and growth of the region, empowering individuals to achieve financial security and success.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,472,939
  • Program Service Revenue: $29,162,430
  • Gross Receipts: $31,450,920

    • Assets and Liabilities:
  • Total Assets: $623,273,313
  • Total Liabilities: $576,098,428
  • Net Assets: $47,174,885
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Interest Income

    Revenue

    $19,238,694

    Service Charges Fees

    Revenue

    $3,869,846

    Other Non Interest Inc

    Revenue

    $6,053,890

    Organization Details

    Founding Year

    1940

    Principal Officer

    Michael J Ciriello

    Main Address

    25 Rykowski Lane, Middletown, NY, 10941

    NTEE Category

    Code: W61 - Public benefit

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