Financial One Credit Union

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

EIN: 410644981 ✦ Columbia heights, MN ✦ Designated as a 501(c)(14)

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Overview

What is Financial One Credit Union?

Financial One Credit Union, based in Columbia Heights, Minnesota, is a member-driven cooperative with a mission to enhance the financial well-being of its 10,242 members. Situated at 843 40th Avenue NE, this nonprofit financial institution offers a comprehensive range of services, including dividends on draft, savings, and Term Share Certificate Accounts. With a dedicated workforce of 42 employees, Financial One Credit Union operates as a cooperative, giving its members control and a stake in its operations. The organization's primary objective is to contribute to the economic prosperity of its members by providing financial services.


Official website here: www.financialonecu.com

Is Financial One Credit Union legitimate?

Financial One Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Financial One 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: $699,408
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,419,112

For more financial information, click here


Official website here: www.financialonecu.com

What is the mission statement of Financial One Credit Union?

The Financial One Credit Union is a member-driven cooperative with a mission to enhance the financial well-being of its members. By offering a range of comprehensive financial services, this organization aims to serve its members effectively. Through its operations, the credit union aims to pay dividends on various account types, including draft, savings, and Term Share Certificate Accounts, to its 10,242 members. The primary objective of Financial One Credit Union is to contribute positively to its members' financial lives.


Official website here: www.financialonecu.com

Who is the CEO of Financial One Credit Union?

Todd Sanders is the Coo of Financial One Credit Union. The CEO's salary of Financial One Credit Union is $231,748 and their total compensation is $231,748.


Official website here: www.financialonecu.com

What is the revenue of Financial One Credit Union?

Financial One Credit Union's revenue in 2022 was $8,403,674.


Official website here: www.financialonecu.com

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

The average compensation at Financial One Credit Union during 2022 was $50,441. There are 42 employees at Financial One Credit Union.


Here are 20 key members and their salaries (Financial One Credit Union's CEO's salary is $231,748 and their total compensation is $231,748):


Ross Bloomquist (President & Ceo)
  • Compensation: $231,748
  • Related: $0
  • Other: $0
Lacey Mack (Clo)
  • Compensation: $166,186
  • Related: $0
  • Other: $0
Deb Connell (Cfo)
  • Compensation: $156,582
  • Related: $0
  • Other: $0
Renato Piedade (Cio)
  • Compensation: $121,189
  • Related: $0
  • Other: $0
Donald Mosher (Secretary)
  • Compensation: $3,250
  • Related: $0
  • Other: $0
Jeanette Erickson (Member)
  • Compensation: $3,225
  • Related: $0
  • Other: $0
Michelle Hudak (Member)
  • Compensation: $3,175
  • Related: $0
  • Other: $0
Kenneth Gauvin (Vice Chairman)
  • Compensation: $2,550
  • Related: $0
  • Other: $0
James Huff (Director)
  • Compensation: $2,238
  • Related: $0
  • Other: $0
Milo Hartmann (Director)
  • Compensation: $1,938
  • Related: $0
  • Other: $0
Allan Stahlberg (Director)
  • Compensation: $1,813
  • Related: $0
  • Other: $0
Janice Schwieger (Director)
  • Compensation: $1,663
  • Related: $0
  • Other: $0
James Sandovold (Director)
  • Compensation: $1,613
  • Related: $0
  • Other: $0
Lori Nissen (Director)
  • Compensation: $1,513
  • Related: $0
  • Other: $0
Robert Fischer (Member)
  • Compensation: $725
  • Related: $0
  • Other: $0
Joann Cirks (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Sanders (Coo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Kirnyczuk (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joann Cirks (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Fischer (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.financialonecu.com

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

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


Official website here: www.financialonecu.com

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

Mission Statement of Financial One Credit Union

Financial One Credit Union, as a cooperative organization, is committed to enhancing the financial well-being of its members. It achieves this mission by offering a range of comprehensive financial services. The credit union operates on a member-owned and controlled basis, with its primary goal being to improve the economic status of its members. This is evident in its practice of distributing dividends to its members, with 10,242 individuals benefiting from dividends on their Draft, Savings, and Term Share Certificate Accounts. By providing these financial services, Financial One Credit Union plays a significant role in contributing to the financial stability and prosperity of its members.

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Impact




October, 2024

Financial One Credit Union significantly enhances the economic well-being of its 10,242 members through a range of comprehensive financial services. By prioritizing member needs, the organization fosters a cooperative environment where members benefit from dividends on draft, savings, and Term Share Certificate Accounts. Located in Columbia Heights, MN, Financial One Credit Union is dedicated to empowering its members and promoting financial stability within the community. Its mission focuses on improving the financial lives of individuals, ultimately creating a positive ripple effect that contributes to broader economic health.




This information is meant to be a general summary of Financial One 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
$8,403,674 (2022)
Expenses
$8,844,239 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $122,602
  • Program Service Revenue: $8,281,072
  • Gross Receipts: $8,403,674

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

Fee & Service Income

Revenue

$1,706,151

Gains & Losses

Revenue

-$17,991

Interest on Loans

Revenue

$6,592,912

Organization Details

Founding Year

1933

Principal Officer

Todd Sanders

Main Address

843 40TH AVE NE, COLUMBIA HEIGHTS, MN, 55421

NTEE Category

Code: W60 - Public benefit

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