Overview
What is Co-Op Credit Union Of Montevideo?
Co-Op Credit Union of Montevideo is a nonprofit financial institution based in Montevideo, Minnesota. With a member base of approximately 16,000, the credit union caters to residents in west central Minnesota. They offer a range of financial services, investment opportunities, and loans, and operate branches in Montevideo, Benson, Canby, and Willmar. The credit union aims to provide essential financial solutions to its members, expanding access to various financial products and fostering financial growth within the community.
Official website here: www.co-opcreditunion.com
Is Co-Op Credit Union Of Montevideo legitimate?
Co-Op Credit Union Of Montevideo is a legitimate nonprofit organization registered as a 501(c)(14) entity. Co-Op Credit Union Of Montevideo 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: $1,319,581
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,938,961
For more financial information, click here
Official website here: www.co-opcreditunion.com
What is the mission statement of Co-Op Credit Union Of Montevideo?
Co-Op Credit Union of Montevideo offers financial services, investment options, and loans to approximately 16,000 members in West Central Minnesota. The credit union's mission is geared towards providing essential financial solutions to its members. Through a network of branches in Montevideo, Benson, Canby, and Willmar, the credit union aims to expand its reach and cater to an increasing number of individuals in the region. By offering a wide range of financial products and services, the credit union empowers its members to manage their finances effectively and meet their various financial needs. Its commitment extends beyond just offering financial services, as it strives to create a strong community bond and contribute to the economic growth of the region.
Official website here: www.co-opcreditunion.com
Who is the CEO of Co-Op Credit Union Of Montevideo?
Kayla Reiffenerger is the Principal Officer of Co-Op Credit Union Of Montevideo. The CEO's salary of Co-Op Credit Union Of Montevideo is $355,361 and their total compensation is $440,050.
Official website here: www.co-opcreditunion.com
What is the revenue of Co-Op Credit Union Of Montevideo?
Co-Op Credit Union Of Montevideo's revenue in 2022 was $13,722,372.
Official website here: www.co-opcreditunion.com
Who are the executives of Co-Op Credit Union Of Montevideo and what are their salaries?
The average compensation at Co-Op Credit Union Of Montevideo during 2022 was $45,258. There are 72 employees at Co-Op Credit Union Of Montevideo.
Here are 17 key members and their salaries (Co-Op Credit Union Of Montevideo's CEO's salary is $355,361 and their total compensation is $440,050):
- Compensation: $355,361
- Related: $0
- Other: $84,689
- Compensation: $154,252
- Related: $0
- Other: $35,391
- Compensation: $116,516
- Related: $0
- Other: $45,828
- Compensation: $112,894
- Related: $0
- Other: $28,358
- Compensation: $102,631
- Related: $0
- Other: $33,229
- Compensation: $106,071
- Related: $0
- Other: $23,429
- Compensation: $106,924
- Related: $0
- Other: $9,310
- Compensation: $1,008
- Related: $0
- Other: $0
- Compensation: $848
- Related: $0
- Other: $0
- Compensation: $813
- Related: $0
- Other: $0
- Compensation: $723
- Related: $0
- Other: $0
- Compensation: $683
- Related: $0
- Other: $0
- Compensation: $660
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.co-opcreditunion.com
Where can I find the form 990 for Co-Op Credit Union Of Montevideo?
Co-Op Credit Union Of Montevideo's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.co-opcreditunion.com
Learn more at the official website: www.co-opcreditunion.com
Mission Statement of Co-Op Credit Union Of Montevideo
Co-Op Credit Union of Montevideo is a financial institution dedicated to serving approximately 16,000 members in West Central Minnesota. The organization offers a range of financial services, investment options, and loans to its members.
At the heart of Co-Op Credit Union of Montevideo's mission lies its commitment to empowering its members through financial solutions. The credit union's team of dedicated professionals works tirelessly to help members achieve their financial goals. Whether it's securing a loan to purchase a home or investing in a personal retirement account, Co-Op Credit Union of Montevideo aims to provide the resources and expertise needed to succeed.
Moreover, the credit union fosters a sense of community among its members. By offering services and resources that cater to the unique needs of West Central Minnesota residents, Co-Op Credit Union of Montevideo helps to strengthen the local economy and improve the overall financial wellbeing of its members. The credit union's commitment to its community extends beyond financial services, as it also seeks to build lasting relationships and foster a sense of belonging among its members.
In summary, Co-Op Credit Union of Montevideo is more than just a financial institution; it's a trusted partner for its members, providing essential financial services, investment opportunities, and loans to help them secure a brighter financial future. The organization's dedication to its members and the West Central Minnesota community sets it apart as a vital resource for individuals and families in the region.
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Impact
October, 2024
Co-Op Credit Union Of Montevideo serves approximately 16,000 members in West Central Minnesota by offering a range of financial services, including investment options and loans. With locations in Montevideo, Benson, Canby, and Willmar, the credit union strengthens the local economy by providing accessible financial resources to individuals and families. This accessibility helps promote financial security and growth within the community, fostering economic development and improving the quality of life for its members. Through its operations, the credit union empowers members to make informed financial decisions, supports local businesses, and contributes to the vibrancy of the communities it serves.
This information is meant to be a general summary of Co-Op Credit Union Of Montevideo. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,665,818
- Program Service Revenue: $12,056,554
- Gross Receipts: $13,722,372
Assets and Liabilities:
- Total Assets: $359,509,912
- Total Liabilities: $312,234,540
- Net Assets: $47,275,372
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER
Revenue
$12,037,954
NON-MEMBER
Revenue
$18,600
Organization Details
Founding Year
1940
Phone
(320) 269-2117Principal Officer
Kayla Reiffenerger
Main Address
2407 E HWY 7 PO BOX 447, MONTEVIDEO, MN, 56265
Website
www.co-opcreditunion.comNTEE Category
Code: W60 - Public benefit
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