Overview
What is Midland Co-Op Credit Union?
Midland Co-Op Credit Union is a member-focused financial institution situated in Minneapolis, Minnesota. With a small team of just two employees, this credit union operates with the primary goal of benefiting its members. It pays dividends on members' Share Savings and Christmas Club Accounts, demonstrating its commitment to its members' financial wellbeing. The credit union's mission is to provide top-notch financial and ancillary services, ensuring the interests of both the members and the organization are aligned. The location details provided are 5210 Central Ave NE Suite 200, Minneapolis, MN 55421.
Official website here: www.midlandcoopcu.com
Is Midland Co-Op Credit Union legitimate?
Midland Co-Op Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Midland Co-Op 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: $55,918
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,401
For more financial information, click here
Official website here: www.midlandcoopcu.com
What is the mission statement of Midland Co-Op Credit Union?
Midland Co-Op Credit Union's mission is centered around serving its members. The primary objective is to offer the finest financial and ancillary services to its members, acting in good faith and with the mutual benefit of both parties. The credit union strives to provide dividends to its members on their Share Savings and Christmas Club Accounts, demonstrating its commitment to member satisfaction and financial wellbeing.
Official website here: www.midlandcoopcu.com
Who is the CEO of Midland Co-Op Credit Union?
Janet Kramer is the President of Midland Co-Op Credit Union.
Official website here: www.midlandcoopcu.com
What is the revenue of Midland Co-Op Credit Union?
Midland Co-Op Credit Union's revenue in 2021 was $233,664.
Official website here: www.midlandcoopcu.com
Who are the executives of Midland Co-Op Credit Union and what are their salaries?
The average compensation at Midland Co-Op Credit Union during 2021 was $33,660. There are 2 employees and 5 volunteers at Midland Co-Op Credit Union.
Here are 6 key members and their salaries:
- Compensation: $58,582
- Related: $0
- Other: $15,155
- Compensation: $0
- 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.midlandcoopcu.com
Where can I find the form 990 for Midland Co-Op Credit Union?
Midland Co-Op Credit Union's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.midlandcoopcu.com
Learn more at the official website: www.midlandcoopcu.com
Mission Statement of Midland Co-Op Credit Union
Midland Co-Op Credit Union is committed to serving its members with the utmost dedication and mutual benefit. Their mission is to offer the best financial and ancillary services to their members, ensuring that the interests of both the member and the Credit Union align. By operating under this mission statement, Midland Co-Op Credit Union aims to provide its members with dividends on their Share Savings and Christmas Club Accounts in good faith. This approach ensures that the Credit Union operates for the benefit of its members, fostering a sense of community and shared prosperity.
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Impact
October, 2024
Midland Co-Op Credit Union has a significant impact on its members and the surrounding community in Minneapolis, MN. By operating with a focus on mutual benefit, the credit union emphasizes providing financial services that prioritize the needs of its members. This dedication is reflected in the dividends paid on member Share Savings and Christmas Club Accounts, which enhance the financial wellbeing of individuals and families.
The credit union’s mission is centered around delivering high-quality financial and ancillary services in good faith, ensuring that both the members and the institution thrive together. This commitment fosters a sense of community and cooperation, where members feel valued and supported in their financial journeys. Through its focus on public benefit, Midland Co-Op Credit Union plays a crucial role in promoting financial literacy and stability, ultimately contributing to the overall health of the local economy.
This information is meant to be a general summary of Midland Co-Op 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $31,511
- Program Service Revenue: $202,153
- Gross Receipts: $233,664
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.
Loans
Revenue
$123,357
fees
Revenue
$78,796
Organization Details
Founding Year
1955
Phone
(763) 572-1368Principal Officer
Janet Kramer
Main Address
5210 Central Ave NE Suite 200, Minneapolis, MN, 55421
Website
www.midlandcoopcu.comNTEE Category
Code: W60 - Public benefit
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