Cities Credit Union

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

EIN: 410519535 ✦ Vadnais heights, MN ✦ Designated as a 501(c)(14)

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Overview

What is Cities Credit Union?

Cities Credit Union is a member-based financial institution located in Vadnais Heights, Minnesota. With a focus on neighborly service, it offers its members a variety of deposit accounts. The credit union saw an increase of 73 new deposit accounts in 2022, and as of December 31, 2022, it served a total of 2,480 members. The credit union's mission is to provide humble guidance to its members, ensuring they feel comfortable and at ease during their financial transactions. In addition to financial services, Cities Credit Union also embodies a righthearted approach, aiming to make the experience enjoyable for its members. The credit union currently employs a team of 7 individuals.


Official website here: www.citiescu.org

Is Cities Credit Union legitimate?

Cities Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Cities 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: $167,003
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,532

For more financial information, click here


Official website here: www.citiescu.org

What is the mission statement of Cities Credit Union?

Cities Credit Union is committed to providing neighborly, comfortable, and righthearted service to its members. This involves offering humble guidance to its members. The credit union's mission is centered around creating an environment where members feel at ease and can rely on the credit union's guidance. In 2022, the credit union opened 73 new deposit accounts, reflecting its dedication to serving its growing member base. As of December 31, 2022, the credit union had a membership of 2,480 individuals.


Official website here: www.citiescu.org

Who is the CEO of Cities Credit Union?

Mike Enright is the President of Cities Credit Union.


Official website here: www.citiescu.org

What is the revenue of Cities Credit Union?

Cities Credit Union's revenue in 2022 was $1,467,709.


Official website here: www.citiescu.org

Who are the executives of Cities Credit Union and what are their salaries?

The average compensation at Cities Credit Union during 2022 was $46,934. There are 7 employees at Cities Credit Union.


Here are 8 key members and their salaries:


Mike Enright (President)
  • Compensation: $86,190
  • Related: $0
  • Other: $12,568
Kristine Heuer (Vice Preside)
  • Compensation: $80,813
  • Related: $0
  • Other: $13,376
Daniel Pederson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Siegfried (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Walker (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Brockway (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Arthe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Larson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.citiescu.org

Where can I find the form 990 for Cities Credit Union?

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


Official website here: www.citiescu.org

Learn more at the official website: www.citiescu.org

Mission Statement of Cities Credit Union

Cities Credit Union is committed to providing neighborly, comfortable, enjoyable, and righthearted service to its members. This mission is reflected in the humble guidance they offer to their members, ensuring that every interaction is welcoming and helpful. The credit union offers various types of deposit accounts to cater to the financial needs of its members. In the year 2022, they opened 73 new deposit accounts, demonstrating their dedication to expanding their services and reaching out to more individuals. As of December 31, 2022, Cities Credit Union had a membership of 2,480, a testament to the trust and confidence their members have in their services.

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Impact




October, 2024

Cities Credit Union significantly impacts the Vadnais Heights community by providing accessible financial guidance and support. With a focus on being neighborly, comfortable, fun, and righthearted, the credit union fosters a welcoming environment for its 2,480 members. In 2022, it successfully opened 73 new deposit accounts, illustrating its commitment to promoting financial inclusion. The credit union’s humble approach ensures that members receive personalized service, empowering them to make informed financial decisions while enhancing their overall well-being. Through its various deposit account offerings, Cities Credit Union strengthens the financial ecosystem in Vadnais Heights, contributing positively to the community's public benefit.




This information is meant to be a general summary of Cities 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
$1,467,709 (2022)
Expenses
$1,445,423 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $288,495
  • Program Service Revenue: $1,149,127
  • Gross Receipts: $1,667,301

Assets and Liabilities:

  • Total Assets: $37,961,220
  • Total Liabilities: $35,271,310
  • Net Assets: $2,689,910

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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

$834,626

MEMBER FEE INCOME

Revenue

$166,861

OTHER MEMBER RELATED INCOME

Revenue

$147,640

Organization Details

Founding Year

1936

Principal Officer

Mike Enright

Main Address

3625 TALMAGE CIRCLE, VADNAIS HEIGHTS, MN, 55110

NTEE Category

Code: W60 - Public benefit

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