Pipefitters Steamfitters Credit Union

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

EIN: 410843373 ✦ Woodbury, MN ✦ Designated as a 501(c)(14)

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Overview

What is Pipefitters Steamfitters Credit Union?

Pipefitters Steamfitters Credit Union is a nonprofit financial institution located at 6445 Lake Road Terrace 100, Woodbury, Minnesota (55125). Established to cater to the financial needs of its specific membership base, the union local 455 pipefitters and steamfitters, as well as their family members. The credit union's mission is to offer a range of financial services, such as savings, loans, and other financial products, to its members and their families. The credit union's commitment to its members is reflected in its operations, which are managed by a team of 11 dedicated employees.


Official website here: www.pipefitterscu.org

Is Pipefitters Steamfitters Credit Union legitimate?

Pipefitters Steamfitters Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Pipefitters Steamfitters 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: $156,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,161

For more financial information, click here


Official website here: www.pipefitterscu.org

What is the mission statement of Pipefitters Steamfitters Credit Union?

The Pipefitters Steamfitters Credit Union is committed to providing financial services for the members and their families affiliated with Union Local 455. Their mission encompasses offering a range of financial solutions to cater to the financial needs of this specific community. By doing so, the credit union aims to contribute positively to the financial well-being of its members, thereby strengthening their financial security. The credit union's services extend to family members of the union members, ensuring a broad reach and comprehensive support.


Official website here: www.pipefitterscu.org

Who is the CEO of Pipefitters Steamfitters Credit Union?

Jennifer Davis is the Board Chairman of Pipefitters Steamfitters Credit Union. The CEO's salary of Pipefitters Steamfitters Credit Union is $118,278 and their total compensation is $152,330.


Official website here: www.pipefitterscu.org

What is the revenue of Pipefitters Steamfitters Credit Union?

Pipefitters Steamfitters Credit Union's revenue in 2022 was $1,998,377.


Official website here: www.pipefitterscu.org

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

The average compensation at Pipefitters Steamfitters Credit Union during 2022 was $47,133. There are 11 employees and 14 volunteers at Pipefitters Steamfitters Credit Union.


Here are 8 key members and their salaries (Pipefitters Steamfitters Credit Union's CEO's salary is $118,278 and their total compensation is $152,330):


Adam Hoen (Board Chairman)
  • Compensation: $675
  • Related: $0
  • Other: $0
Ryan Vail (Board Member)
  • Compensation: $700
  • Related: $0
  • Other: $0
Curtis Johnson (Vice Chairman)
  • Compensation: $875
  • Related: $0
  • Other: $0
Michael Menne (Board Member)
  • Compensation: $638
  • Related: $0
  • Other: $0
Patrick Moore (Board Member)
  • Compensation: $638
  • Related: $0
  • Other: $0
Mark Slagle (Vice Chairman)
  • Compensation: $300
  • Related: $0
  • Other: $0
Jake Young (Secretary)
  • Compensation: $150
  • Related: $0
  • Other: $0
Jennifer Davis (President/Ceo)
  • Compensation: $118,278
  • Related: $0
  • Other: $34,052


Official website here: www.pipefitterscu.org

Where can I find the form 990 for Pipefitters Steamfitters Credit Union?

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


Official website here: www.pipefitterscu.org

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

Mission Statement of Pipefitters Steamfitters Credit Union

Pipefitters Steamfitters Credit Union is committed to providing financial services for its members and their families, specifically those affiliated with Union Local 455. This financial institution serves as a vital resource, offering a range of financial services tailored to meet the needs of its closed field of membership. By providing these financial services, Pipefitters Steamfitters Credit Union aims to support the financial well-being of its members and their families, thereby contributing positively to their overall quality of life. The credit union's mission is to foster financial stability and independence, ensuring that its members have the necessary financial tools to navigate their daily lives with confidence.

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Impact




October, 2024

Pipefitters Steamfitters Credit Union plays a vital role in the financial well-being of its members and their families associated with Union Local 455. By offering tailored financial services, the credit union supports its community in Woodbury, MN, enabling members to achieve their financial goals and improve their quality of life.

The credit union's emphasis on serving a closed membership allows for a strong sense of community and support among members, fostering financial literacy and empowerment. This personalized approach ensures that the unique needs of pipefitters and steamfitters, along with their families, are met, contributing to a more stable and prosperous financial future for those they serve.

In addition to providing essential financial services, Pipefitters Steamfitters Credit Union enhances the community's overall well-being by facilitating better access to credit, savings opportunities, and financial education. This impact extends beyond individual members, creating a positive ripple effect that strengthens the entire local workforce aligned with Union Local 455.




This information is meant to be a general summary of Pipefitters Steamfitters 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
$1,998,377 (2022)
Expenses
$1,814,928 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $311,248
  • Program Service Revenue: $1,521,396
  • Gross Receipts: $1,998,377

Assets and Liabilities:

  • Total Assets: $55,270,773
  • Total Liabilities: $50,105,323
  • Net Assets: $5,165,450

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Programs

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

LOAN INTEREST

Revenue

$1,195,129

OTHER CHARGES

Revenue

$215,655

FEES

Revenue

$110,612

Organization Details

Founding Year

1957

Principal Officer

Jennifer Davis

Main Address

6445 LAKE ROAD TERRACE 100, WOODBURY, MN, 55125

NTEE Category

Code: W60 - Public benefit

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