St Cloud Financial Credit Union

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

EIN: 410517445 ✦ St cloud, MN ✦ Designated as a 501(c)(14)

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Overview

What is St Cloud Financial Credit Union?

St. Cloud Financial Credit Union is a member-owned financial organization located at 1716 Pine Cone Road South in St. Cloud, Minnesota, with a ZIP code of 55301. The credit union offers various deposit accounts to its members and opened 3,182 new member accounts in 2022. As of December 31, 2022, they had 24,399 members. The organization is committed to providing competitive financial services and adapting to the evolving needs of its members while maintaining a secure business practice. Their mission extends beyond finances, advocating for people and making a meaningful difference within the community. The credit union employs 89 individuals.


Official website here: www.stcloudfcu.coop

What do the Facebook reviews say about St Cloud Financial Credit Union?

90% of 60 reviewers on Facebook recommend St Cloud Financial Credit Union. Here’s a summary of their reviews:

Many patrons express confidence in the knowledgeable staff, highlighting their commitment to addressing individual needs. One reviewer particularly praised Trina for her assistance during the home loan pre-approval process, noting her expertise and attentiveness to both partners' questions.

Overall, customers appreciate the personalized service and professional guidance provided by the credit union, which seems to effectively meet their financial needs.


This AI summary has been generated from reviews found on Facebook.

Is St Cloud Financial Credit Union legitimate?

St Cloud Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. St Cloud 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $723,254
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,706,404

For more financial information, click here


Official website here: www.stcloudfcu.coop

What is the mission statement of St Cloud Financial Credit Union?

St. Cloud Financial Credit Union is a member-owned organization that provides competitive financial services, adapting to the evolving needs of its members while maintaining a secure business operation. The credit union advocates for people through a member-focused culture, an energetic work environment, and purposeful community engagement. It offers various deposit account options to its members, opening 3,182 new accounts in 2022. With a membership base of 24,399 as of December 31, 2022, the credit union prioritizes making a significant difference in the lives of its members.


Official website here: www.stcloudfcu.coop

Who is the CEO of St Cloud Financial Credit Union?

Jed Meyer is the Ceo of St Cloud Financial Credit Union. The CEO's salary of St Cloud Financial Credit Union is $281,788 and their total compensation is $325,313.


Official website here: www.stcloudfcu.coop

What is the revenue of St Cloud Financial Credit Union?

St Cloud Financial Credit Union's revenue in 2022 was $14,690,907.


Official website here: www.stcloudfcu.coop

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

The average compensation at St Cloud Financial Credit Union during 2022 was $49,771. There are 89 employees and 14 volunteers at St Cloud Financial Credit Union.


Here are 15 key members and their salaries (St Cloud Financial Credit Union's CEO's salary is $281,788 and their total compensation is $325,313):


Jed Meyer (Ceo)
  • Compensation: $281,788
  • Related: $0
  • Other: $43,525
Alyce Justin (Cao)
  • Compensation: $158,423
  • Related: $0
  • Other: $49,003
Sheloa Fieldseth (Cfo)
  • Compensation: $150,657
  • Related: $0
  • Other: $53,437
Allison Peichel (Loan Officer)
  • Compensation: $169,839
  • Related: $0
  • Other: $24,008
Chase Larson (Clo)
  • Compensation: $146,261
  • Related: $0
  • Other: $33,710
Jamie Kleve (Coo)
  • Compensation: $134,623
  • Related: $0
  • Other: $33,878
Justin Burnard (Cto)
  • Compensation: $133,762
  • Related: $0
  • Other: $27,289
Meggan Schwirtz (Cxo)
  • Compensation: $131,093
  • Related: $0
  • Other: $22,232
Andrew Johannes (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Schreifels (Board 1St Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Erickson (Board 2Nd Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Wurst (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Weisz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Becky Eisenwinter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sony Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.stcloudfcu.coop

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

St Cloud Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.stcloudfcu.coop

Learn more at the official website: www.stcloudfcu.coop

Mission Statement of St Cloud Financial Credit Union

St. Cloud Financial Credit Union, a member-owned organization, is dedicated to delivering financially competitive services that cater to the evolving needs of its members. Maintaining a safe and sound business practice is a top priority for the credit union.

In its mission to make a difference for all, St. Cloud Financial Credit Union advocates for people through a member-focused culture, an enthusiastic employee environment, and purposeful action within the community. The organization offers a variety of deposit accounts for its members, opening 3,182 new member deposit accounts in 2022 alone. As of December 31, 2022, the credit union had 24,399 members.

By prioritizing the needs of its members, St. Cloud Financial Credit Union fosters a strong sense of community and commitment. Its employee-driven approach ensures that the credit union stays responsive to the changing requirements of its members, offering services that cater to their unique financial situations. In all its endeavors, the credit union remains committed to maintaining a financially sound business, allowing it to continue providing valuable services to its members for years to come.

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Impact




October, 2024

St. Cloud Financial Credit Union has made a significant impact in the St. Cloud community by prioritizing the financial wellbeing of its members. As a member-owned organization, it offers a range of competitive financial services tailored to adapt to the evolving needs of its members. In 2022 alone, the credit union successfully opened 3,182 new deposit accounts, reflecting its commitment to expanding access to financial resources.

With a membership base of 24,399 as of the end of 2022, St. Cloud Financial Credit Union fosters a culture centered on advocating for its members. This dedication is further exemplified by an enthusiastic employee environment and proactive engagement within the community. The credit union’s mission focuses on making a meaningful difference, emphasizing its role in promoting financial education and stability, which ultimately contributes to the overall wellbeing of the community it serves. Through its various deposit accounts and responsive services, St. Cloud Financial Credit Union is not only providing financial support but also nurturing a sense of belonging and empowerment among its members.




This information is meant to be a general summary of St Cloud Financial 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
$14,690,907 (2022)
Expenses
$12,590,974 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $610,991
  • Program Service Revenue: $14,108,597
  • Gross Receipts: $14,690,907

Assets and Liabilities:

  • Total Assets: $326,767,101
  • Total Liabilities: $305,843,469
  • Net Assets: $20,923,632

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Programs

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

LOAN INTEREST INCOME

Revenue

$9,447,884

OTHER OPERATING INCOME

Revenue

$2,643,807

FEES & CHARGES

Revenue

$2,016,906

Organization Details

Founding Year

1930

Principal Officer

Jed Meyer

Main Address

1716 PINE CONE ROAD SOUTH, ST CLOUD, MN, 55301

NTEE Category

Code: W60 - Public benefit

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