Overview
What is Southpoint Financial Credit Union?
Southpoint Financial Credit Union is a member-focused financial institution located at 924 Main Street East, Sleepy Eye, Minnesota, with a ZIP code of 56085. The credit union empowers its members to achieve their financial goals by offering exceptional service and guidance. With a team of 144 employees, it aspires to be the primary financial institution for its members and contribute to the well-being of their communities. Southpoint Financial Credit Union has provided 15,839 loans amounting to $375,638,353 to its members. Their mission is to promote growth through sound earnings and reserves, encouraging member confidence and loyalty.
Official website here: www.southpointfinancial.com
Is Southpoint Financial Credit Union legitimate?
Southpoint Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Southpoint 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $801,758
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,124,238
For more financial information, click here
What is the mission statement of Southpoint Financial Credit Union?
Southpoint Financial Credit Union aims to help its members achieve their goals and fulfill their dreams by delivering exceptional service and guidance. The credit union aspires to become the primary financial institution for its members. It strives to contribute to the well-being of communities and maintains earnings and reserves that encourage growth and inspire confidence and loyalty among its members.
Official website here: www.southpointfinancial.com
Who is the CEO of Southpoint Financial Credit Union?
Jay A Gostonczik is the Chairman of Southpoint Financial Credit Union. The CEO's salary of Southpoint Financial Credit Union is $225,453 and their total compensation is $256,193.
Official website here: www.southpointfinancial.com
What is the revenue of Southpoint Financial Credit Union?
Southpoint Financial Credit Union's revenue in 2022 was $21,293,740.
Official website here: www.southpointfinancial.com
Who are the executives of Southpoint Financial Credit Union and what are their salaries?
The average compensation at Southpoint Financial Credit Union during 2022 was $41,153. There are 144 employees and 10 volunteers at Southpoint Financial Credit Union.
Here are 13 key members and their salaries (Southpoint Financial Credit Union's CEO's salary is $225,453 and their total compensation is $256,193):
- Jay Gostonczik (Ceo)
- Patrice Gohl (Chief Operations Officer)
- Al Peterson (Cfo)
- Troy Diedrich (Chief Experience Officer)
- Adam Seifert (Director)
- Robert Weiss (Director)
- Jerry Forster (Director)
- Mike Krueger (Vice-Chairman) [Trustee/Director]
- Charles Gravelle (Director)
- Matthew Lux (Chairman) [Trustee/Director]
- Mark Bruggeman (Director)
- Scott Suprenant (Director)
- Jeffrey Ibberson (Director (Thru Q3 2022))
Official website here: www.southpointfinancial.com
Where can I find the form 990 for Southpoint Financial Credit Union?
The Southpoint Financial Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.southpointfinancial.com
Learn more at the official website: www.southpointfinancial.com
Mission Statement of Southpoint Financial Credit Union
Southpoint Financial Credit Union is dedicated to helping its members achieve their goals and dreams by delivering exceptional service and guidance. The credit union aspires to be the primary financial institution for its members, contributing to the well-being of their communities, and maintaining earnings and reserves that promote sound growth. In doing so, Southpoint Financial Credit Union aims to encourage member confidence and loyalty. The credit union's mission is to empower its members, offering more than just financial services. By providing personalized guidance, Southpoint Financial Credit Union enables its members to make informed decisions and work towards financial success. The credit union's commitment to its members goes beyond transactions, as it strives to build long-term relationships based on trust and mutual respect. Through its exceptional service, Southpoint Financial Credit Union fosters a sense of community among its members, creating an environment where they feel supported and valued.
Impact
This information is meant to be a general summary of Southpoint Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Southpoint Financial Credit Union's impact is significant as it empowers members to achieve their goals and dreams by providing exceptional service and guidance. The credit union has provided 15,839 loans to members totaling $375,638,353. This has helped individuals in the community access financial resources to support their endeavors, whether it be purchasing a home, starting a business, or pursuing higher education. By contributing to the well-being of its communities and maintaining financial stability, Southpoint Financial Credit Union plays a vital role in promoting economic growth and member confidence and loyalty.
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
Revenue
$14,135,080
OTHER OPERATING INCOME
Revenue
$3,730,728
FEES & SERVICE CHARGES
Revenue
$2,255,473
Organization Details
Founding Year
1936
Phone
(507) 794-6712
Principal Officer
Jay A Gostonczik
Main Address
924 MAIN STREET EAST, SLEEPY EYE, MN, 56085
Website
www.southpointfinancial.com
NTEE Category
Code: W60 - Public benefit
If you are a representative of Southpoint Financial 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.