Overview
What is Members Cooperative Credit Union?
Members Cooperative Credit Union is a financial institution based in Duluth, Minnesota, with an address at 4628 Mike Colalillo Drive, 55807. The credit union paid out $5.49 million in dividends and interest to its 122,018 members in 2022, demonstrating their commitment to offering competitive rates. Their mission goes beyond monetary transactions, as they aim to strengthen communities, enhance the happiness of their employees, and contribute to a better world. The credit union conducts the typical business of a credit union, involving the collection of savings from members and lending money to members for necessary purposes. As of now, they employ a team of 309 individuals.
Official website here: www.membersccu.org
Is Members Cooperative Credit Union legitimate?
Members Cooperative Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Members Cooperative 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: $3,273,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,116,845
For more financial information, click here
What is the mission statement of Members Cooperative Credit Union?
Members Cooperative Credit Union is dedicated to carrying out the standard operations of a credit union, which includes accepting savings from members and lending money to them for essential uses. The union's mission extends beyond financial services, as it strives to strengthen communities, enhance the happiness of its employees, and contribute to making the world a better place. In the previous year, the credit union dispersed dividends and interest totaling $5.49 million to its members on a sum of 122,018 deposit accounts. The institution is committed to offering competitive rates to its members.
Official website here: www.membersccu.org
Who is the CEO of Members Cooperative Credit Union?
Steve Ewers is the Director of Members Cooperative Credit Union. The CEO's salary of Members Cooperative Credit Union is $611,748 and their total compensation is $656,275.
Official website here: www.membersccu.org
What is the revenue of Members Cooperative Credit Union?
Members Cooperative Credit Union's revenue in 2022 was $46,427,247.
Official website here: www.membersccu.org
Who are the executives of Members Cooperative Credit Union and what are their salaries?
The average compensation at Members Cooperative Credit Union during 2022 was $53,042. There are 309 employees at Members Cooperative Credit Union.
Here are 23 key members and their salaries (Members Cooperative Credit Union's CEO's salary is $611,748 and their total compensation is $656,275):
- Stephen Ewers (President/Ceo)
- Janet Vold (Cio/Coo)
- Ralph Hamann (Cfo/Chro)
- Simone Suri (General Counsel)
- Stephan Glonchak (Chief Lending Officer)
- Ryanne Battaglia (Cmo)
- Cory Stenson (Mortgage Manager)
- Andy Joneson (Vp It)
- Paul Miller (Vp Data And Analytics)
- Jeffrey Stanley (Vp Digitial Services)
- Brae Olson (Vp Marketing)
- Doris Dahl (Chair) [Trustee/Director]
- David Vukelich (Board Vice Chair) [Trustee/Director]
- Tess Dandrea (Former Director)
- Russ Salgy (Director)
- John Gilbert (Director)
- Dianne Carlson (Emeritus Director)
- Jennie Siebert (Director)
- Peter Vang (Director)
- Nicole Barker (Board Secretary & Treasurer) [Trustee/Director]
- Joe Wolff (Director)
- Rodney Bibeau (Director)
- Tim Caroline (Former Director)
Official website here: www.membersccu.org
Where can I find the form 990 for Members Cooperative Credit Union?
The Members Cooperative Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.membersccu.org
Learn more at the official website: www.membersccu.org
Mission Statement of Members Cooperative Credit Union
Members Cooperative Credit Union, a financial institution dedicated to conducting the essential business of a credit union, is committed to strengthening communities, enhancing the happiness of its employees, and making the world a better place. The organization's core activities revolve around accepting savings from members and lending money to them for provident purposes.
In 2022, Members Cooperative Credit Union distributed dividends and interest totaling $5.49 million to over 122,000 deposit accounts. The credit union prides itself on offering competitive rates to its members, ensuring they can access affordable financial services. By prioritizing the well-being of its community members, Members Cooperative Credit Union goes beyond the ordinary role of a credit union and strives to make a positive impact on its members' lives.
Members Cooperative Credit Union is not merely a financial institution; it is a forward-thinking organization that aims to create value beyond banking services. Its mission is to contribute to the betterment of the communities it serves, foster a happy work environment for its employees, and make a difference in the world at large. Through its financial services, the credit union aims to empower its members to achieve their financial goals and improve their overall well-being.
Impact
This information is meant to be a general summary of Members Cooperative Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Members Cooperative Credit Union's impact is significant in Duluth, MN, and beyond. In 2022, they paid out dividends and interest totaling $5.49 million to their members across 122,018 deposit accounts. By providing competitive rates and conducting the ordinary business of a credit union, Members Cooperative Credit Union plays a crucial role in supporting the financial well-being of their members and the local community. Their mission to make communities stronger, employees happier, and the world better exemplifies their commitment to creating positive impact and delivering public benefits.
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.
LOAN INTEREST INCOME
Revenue
$34,219,054
OTHER OPERATING INCOME
Revenue
$7,247,814
FEE INCOME
Revenue
$5,630,701
Organization Details
Founding Year
1936
Phone
(218) 625-8500
Principal Officer
Steve Ewers
Main Address
4628 MIKE COLALILLO DRIVE, DULUTH, MN, 55807
Website
www.membersccu.org
NTEE Category
Code: W60 - Public benefit
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