Overview
What is Minnco Credit Union?
Minnco Credit Union, located at 235 1st Ave W in Cambridge, Minnesota, is a state-chartered financial institution with a mission to foster savings and serve as a lending source for its 31,010 members. The organization, which employs 121 individuals, has extended 18,828 loans to credit-seeking members. Minnco Credit Union's activities are centered around promoting thrift and offering financial assistance to its community.
Official website here: www.minnco.com
Is Minnco Credit Union legitimate?
Minnco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Minnco 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: $390,909
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,443,355
For more financial information, click here
What is the mission statement of Minnco Credit Union?
Minnco Credit Union is a state-chartered financial institution dedicated to fostering savings and serving as a lending source for its 31,010 members. Its mission statement, "nurturing relationships exceeding expectations," reflects its commitment to building strong connections with its clientele. The credit union has extended 18,828 loans to those in need of credit, underscoring its role as a reliable financial partner. Through its lending activities, Minnco Credit Union aims to improve the financial well-being of its members and contribute to their overall financial stability. The organization's focus on member satisfaction and growth is a testament to its dedication to exceeding expectations.
Official website here: www.minnco.com
Who is the CEO of Minnco Credit Union?
What is the revenue of Minnco Credit Union?
Who are the executives of Minnco Credit Union and what are their salaries?
The average compensation at Minnco Credit Union during 2022 was $39,953. There are 121 employees and 7 volunteers at Minnco Credit Union.
Here are 14 key members and their salaries:
- Doug Hallstrom (President)
- John Wendland (Svp Administration And General Counsel)
- Todd Sanders (Svp Lending)
- Rick Borchardt (Svp Finance)
- Kirstin Bruss (Svp Operations)
- Brian Anderson (Vp Commercial Lending)
- Richard Soderberg (Board Member) [Trustee/Director]
- Jerry Schleicher (Chairperson) [Trustee/Director]
- Dave Maurer (Board Member) [Trustee/Director]
- Lewis Leasure (Board Member) [Trustee/Director]
- Kory Erickson (Board Member) [Trustee/Director]
- Dean Scholl (Board Member) [Trustee/Director]
- Wayne Anderson (Board Member) [Trustee/Director]
- Nicole Klanderud (Board Member) [Trustee/Director]
Official website here: www.minnco.com
Where can I find the form 990 for Minnco Credit Union?
The Minnco Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.minnco.com
Learn more at the official website: www.minnco.com
Mission Statement of Minnco Credit Union
Minnco Credit Union, a state-chartered financial institution, is dedicated to fostering relationships and surpassing expectations for its 31,010 members. The organization's primary mission revolves around promoting savings and serving as a reliable lending source. Minnco Credit Union has extended its reach by approving 18,828 loans to its credit-seeking members, reinforcing its commitment to financial empowerment. By nurturing strong connections with its clientele, Minnco Credit Union distinguishes itself as a trusted financial partner.
Impact
This information is meant to be a general summary of Minnco Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Minnco Credit Union's impact can be seen in its efforts to promote thrift and provide a source of credit for its 31,010 members. The organization's commitment is reflected in the 18,828 loans granted to credit-seeking members, demonstrating its support for financial empowerment and stability. Based in Cambridge, MN, Minnco Credit Union operates as a state-chartered credit union with a mission to nurture relationships and exceed expectations for the public benefit.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Income from Loans
Revenue
$9,422,519
Service fees on accounts
Revenue
$4,684,477
Organization Details
Founding Year
1935
Phone
(763) 689-1071
Principal Officer
Doug Hallstrom
Main Address
235 1st Ave W, Cambridge, MN, 550081528
Website
www.minnco.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Minnco Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.