City & County Credit Union

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

EIN: 410191495 ✦ Saint paul, MN ✦ Designated as a 501(c)(14)

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Overview

What is City & County Credit Union?

City & County Credit Union is a financial institution based in Saint Paul, Minnesota, with the address 144 11th ST E, ZIP code 55101. The credit union offers affordable financial services, providing loans of $228 million to 12,569 members, and conducts the ordinary business of a credit union, accepting members' savings and lending money for provident purposes.


Official website here: www.cccu.com

Is City & County Credit Union legitimate?

City & County Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. City & County 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $3,088,893
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,422,123

For more financial information, click here


Official website here: www.cccu.com

What is the mission statement of City & County Credit Union?

City & County Credit Union's mission is centered around providing affordable financial services to its members. This is encapsulated in their ordinary and necessary business operations, which involves accepting savings from members and lending money to them for provident purposes. The credit union has extended loans worth $228 million to over 12,500 members, reflecting its commitment to serving its community. By offering financial services that cater to the needs of its members, City & County Credit Union aims to make a positive impact on their lives. Its mission is focused on fostering financial stability and securing the financial future of those it serves.


Official website here: www.cccu.com

Who is the CEO of City & County Credit Union?

Patrick Pierce is the Board Member of City & County Credit Union.


Official website here: www.cccu.com

What is the revenue of City & County Credit Union?

City & County Credit Union's revenue in 2022 was $39,672,104.


Official website here: www.cccu.com

Who are the executives of City & County Credit Union and what are their salaries?


Here are 26 key members and their salaries:


Heidi Wolf (Board Member)
  • Compensation: $2,338
  • Related: $0
  • Other: $0
Joe Matthews (Board Member)
  • Compensation: $2,324
  • Related: $0
  • Other: $0
Lou Bruno (Board Member)
  • Compensation: $1,519
  • Related: $0
  • Other: $0
Nicole Bates (Board Member)
  • Compensation: $1,449
  • Related: $0
  • Other: $0
Shannon Cunningham (Board Member)
  • Compensation: $1,172
  • Related: $0
  • Other: $0
Hans Molenaar (Board Member)
  • Compensation: $871
  • Related: $0
  • Other: $0
Axel Henry (Board Member)
  • Compensation: $779
  • Related: $0
  • Other: $0
Heidi Holste (Board Member (Part-Year))
  • Compensation: $697
  • Related: $0
  • Other: $0
Chad Kerlin (Board Member)
  • Compensation: $586
  • Related: $0
  • Other: $0
Lisa Hayes (Board Member (Part-Year))
  • Compensation: $576
  • Related: $0
  • Other: $0
Patrick Pierce (President)
  • Compensation: $690,034
  • Related: $0
  • Other: $120,580
Eric Mellenthin (Vp Information Technology)
  • Compensation: $305,925
  • Related: $0
  • Other: $46,007
Marc Kilgore (Svp Information Technology)
  • Compensation: $270,665
  • Related: $0
  • Other: $50,552
Melissa Settem (Vp Accounting & Finance)
  • Compensation: $261,245
  • Related: $0
  • Other: $51,503
Thomas Coulter (Evp Operations)
  • Compensation: $231,469
  • Related: $0
  • Other: $47,246
Charles Barnes (Vp Electronic Services (Part-Year))
  • Compensation: $204,714
  • Related: $0
  • Other: $10,795
Steven Galarneau (Vp Investments)
  • Compensation: $177,461
  • Related: $0
  • Other: $10,358
Bailey Germain (Vp Marketing)
  • Compensation: $141,221
  • Related: $0
  • Other: $11,801
Mardell Lutgen (Vp Member Experience)
  • Compensation: $139,335
  • Related: $0
  • Other: $11,885
Robin Downing (Vp Human Resources)
  • Compensation: $149,652
  • Related: $0
  • Other: $1,159
Danielle Konrad-Arthur (Vp Compliance & Risk)
  • Compensation: $133,117
  • Related: $0
  • Other: $9,858
David Olson (Director Of Networking & S)
  • Compensation: $279,854
  • Related: $0
  • Other: $19,244
Michelle Pennycook (Director Of Human Resources)
  • Compensation: $146,690
  • Related: $0
  • Other: $20,434
Timothy Trembley (Mortgage Sales Manager)
  • Compensation: $143,362
  • Related: $0
  • Other: $11,255
Christina Hagen (Mortgage Loan Officer)
  • Compensation: $147,042
  • Related: $0
  • Other: $294
Joseph Newmaster (Infrastructure Manager)
  • Compensation: $136,632
  • Related: $0
  • Other: $1,170


Official website here: www.cccu.com

Where can I find the form 990 for City & County Credit Union?

City & County Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cccu.com

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

Mission Statement of City & County Credit Union

City & County Credit Union, a financial institution with a mission to provide affordable financial services, plays a crucial role in its community by involving the receipt of savings from members and lending money to them for provident purposes. Established with a clear goal, the credit union conducts its business in an ordinary and necessary manner, catering to the financial needs of its members.

In simple terms, City & County Credit Union acts as a financial cooperative, offering loans to its members for various provident purposes. The loan amount extended by the credit union reached a significant figure of $228 million, reaching out to 12,569 members. This underscores the credit union's commitment to helping its members access the funds they need to improve their financial situation, be it for education, home improvements, or unexpected expenses.

The credit union's mission is rooted in the belief that financial stability is essential for individuals and families. By providing affordable financial services, City & County Credit Union empowers its members to take control of their financial future. The cooperative approach allows members to pool their savings together, thereby enabling the credit union to offer competitive interest rates on loans and higher returns on savings. This, in turn, fosters a sense of financial security and well-being within the community.

Moreover, City & County Credit Union's approach to lending is based on a member-centric philosophy. The credit union evaluates each loan application on an individual basis, taking into account the applicant's financial situation and their ability to repay the loan. This personalized approach sets the credit union apart from traditional financial institutions and makes it an invaluable resource for its members.

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Impact




October, 2024

City & County Credit Union plays a significant role in enhancing financial accessibility for its members in Saint Paul, MN. With a dedicated mission to provide affordable financial services, the credit union has successfully loaned $228 million to 12,569 members, helping them meet their financial needs for various purposes. This commitment to lending not only supports individual members but also contributes to the overall economic vitality of the community. By focusing on receiving savings from members and facilitating loans for provident purposes, City & County Credit Union fosters financial stability and growth, underscoring its positive impact on public benefit.




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


Financials

This financial information is from Propublica.

Revenue
$39,672,104 (2022)
Expenses
$34,314,006 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $8,044,658
  • Program Service Revenue: $31,627,446
  • Gross Receipts: $39,712,617

Assets and Liabilities:

  • Total Assets: $1,208,523,580
  • Total Liabilities: $1,136,227,605
  • Net Assets: $72,295,975

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Programs

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

INTEREST ON LOANS

Revenue

$24,485,359

OTHER FEES

Revenue

$4,373,258

CHECKING/ATM FEES

Revenue

$2,768,829

Organization Details

Founding Year

1928

Principal Officer

Patrick Pierce

Main Address

144 11TH ST E, SAINT PAUL, MN, 55101

NTEE Category

Code: W60 - Public benefit

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