Heritage Community Credit Union
Nonprofit profile at a glance
- EIN
- 941289802
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Rancho Cordova, CA, USA
- Phone
- 9163641700
- Rating confidence
- Limited
Reported finances
- Revenue
- $15,271,629
- Expenses
- $14,718,104
- Assets
- $278,487,776
- Liabilities
- $253,104,039
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- ED TURK (PRESIDENT/CEO)
Highest reported compensation
- ED TURK (PRESIDENT/CEO): $489,363 total reported compensation
- CRAIG ENGSTROM (VP MEMBER SERVICES): $227,175 total reported compensation
- CHRISTINE HAROLDSON (CLO): $218,724 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule oheritage 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.
What it reported doing in 2025
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, zelle and account to account transfers.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 69
- Accountability: 100
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 4th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.6%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 18.92; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 11.1%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 47.6% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $489K · 20 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.2M reported
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Sustainability: Officer compensation ratio scored 21/100.