Minnesota Catholic Credit Union

Mn Catholic 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: 410718967 ✦ Little canada, MN ✦ Designated as a 501(c)(14)

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Overview

What is Minnesota Catholic Credit Union?

Minnesota Catholic Credit Union, with its headquarters at 400 E Little Canada Rd, Little Canada, MN 55117, is a credit union that serves around 3,420 members. Their primary mission is to offer financial products and services within the cooperative framework of a credit union. This approach allows them to assist members who might otherwise struggle to access such services, thereby filling a gap in their financial needs. The credit union operates with 13 dedicated employees.


Official website here: www.mncathcu.com

What do the Facebook reviews say about Minnesota Catholic Credit Union?

96% of users recommend Minnesota Catholic Credit Union based on the reviews they’ve shared on Facebook. Here's a summary of what people are saying:

Customers appreciate the welcoming atmosphere and the knowledgeable staff at the credit union, often referring to it as the best banking experience they’ve had. The friendly nature of the employees seems to play a significant role in making members feel valued and well taken care of.

Overall, members convey a positive sentiment, highlighting that the credit union meets their financial needs effectively while also providing excellent customer service. This establishment appears to fulfill its commitment to its community, leaving customers feeling satisfied with their choice of banking.


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

Is Minnesota Catholic Credit Union legitimate?

Minnesota Catholic Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Minnesota Catholic 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: $296,733
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mncathcu.com

What is the mission statement of Minnesota Catholic Credit Union?

The Minnesota Catholic Credit Union's mission is centered around serving its 3,420 member-owners. By operating within the cooperative structure of a credit union, the institution aims to offer financial products and services. This approach allows the credit union to extend assistance to members who might otherwise struggle to access such resources. The credit union's mission is to support its members and help them navigate their financial needs effectively.


Official website here: www.mncathcu.com

Who is the CEO of Minnesota Catholic Credit Union?

John Hardekopf is the Ceo of Minnesota Catholic Credit Union. The CEO's salary of Minnesota Catholic Credit Union is $296,733 and their total compensation is $296,733.


Official website here: www.mncathcu.com

What is the revenue of Minnesota Catholic Credit Union?

Minnesota Catholic Credit Union's revenue in 2022 was $1,668,175.


Official website here: www.mncathcu.com

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

The average compensation at Minnesota Catholic Credit Union during 2022 was $22,826. There are 13 employees and 10 volunteers at Minnesota Catholic Credit Union.


Here are 8 key members and their salaries (Minnesota Catholic Credit Union's CEO's salary is $296,733 and their total compensation is $296,733):


David Sawin (Ceo)
  • Compensation: $296,733
  • Related: $0
  • Other: $0
Chrissy Rehnberg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Rossez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne Saxton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Bauer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Owens (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Hess (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Meyers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mncathcu.com

Where can I find the form 990 for Minnesota Catholic Credit Union?

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


Official website here: www.mncathcu.com

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

Mission Statement of Minnesota Catholic Credit Union

Minnesota Catholic Credit Union, serving its 3,420 member-owners, is dedicated to providing financial products and services within the cooperative framework of a credit union. This approach allows the credit union to extend assistance to individuals who might otherwise struggle to access such resources. By operating under the cooperative structure, Minnesota Catholic Credit Union aims to support its members effectively, ensuring they are not left financially vulnerable.

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Impact




October, 2024

Minnesota Catholic Credit Union serves as a vital resource for its 3,420 member/owners by offering a range of financial products and services designed to meet their unique needs. Operating within the cooperative framework of a credit union, the organization prioritizes accessibility and support for individuals who might otherwise struggle to obtain financial assistance. By fostering a sense of community among its members, the credit union not only promotes financial stability but also enhances the overall well-being of those it serves, ultimately contributing to the public benefit. Through its mission, Minnesota Catholic Credit Union strengthens the financial health of its members and promotes a more inclusive economic environment in Little Canada and beyond.




This information is meant to be a general summary of Minnesota Catholic 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
$1,668,175 (2022)
Expenses
$1,357,127 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $194,578
  • Program Service Revenue: $1,459,147
  • Gross Receipts: $1,668,175

Assets and Liabilities:

  • Total Assets: $43,757,169
  • Total Liabilities: $43,446,121
  • Net Assets: $311,048

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Programs

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

Loan income from members

Revenue

$1,136,142

Income from share drafts

Revenue

$323,005

Organization Details

Founding Year

1946

Principal Officer

John Hardekopf

Main Address

400 E Little Canada Rd, Little Canada, MN, 551171784

NTEE Category

Code: W60 - Public benefit

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