Overview
What is Teamsters Credit Union?
Teamsters Credit Union is a member-focused financial institution located at 9422 Ulysses Street NE Suite 140, Blaine, MN 55434. Established with a mission to support hard-working Teamsters and their families, the credit union offers simple and fair loans to its members. As a direct union-benefit provider, Teamsters Credit Union prides itself on building long-term financial relationships with its members by providing superior service. With 1,879 members as of December 31, 2022, and a dedicated workforce of four individuals, the credit union opened 113 new deposit accounts in 2022, demonstrating its commitment to its growing member base.
Official website here: www.mnteamsterscu.com
Is Teamsters Credit Union legitimate?
Teamsters Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Teamsters 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: $156,124
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,736
For more financial information, click here
Official website here: www.mnteamsterscu.com
What is the mission statement of Teamsters Credit Union?
Teamsters Credit Union is committed to assisting hard-working teamsters and their families by providing straightforward and just loan options. Acting as a direct union benefit provider, the credit union is dedicated to establishing enduring financial relationships with its members, offering superior service on an individual basis. The credit union offers various deposit account options, with 113 new accounts being opened in 2022. As of December 31, 2022, the credit union had a membership of 1,879 members.
Official website here: www.mnteamsterscu.com
What is the revenue of Teamsters Credit Union?
Teamsters Credit Union's revenue in 2024 was $781,849.
Official website here: www.mnteamsterscu.com
Who are the executives of Teamsters Credit Union and what are their salaries?
The average compensation at Teamsters Credit Union during 2024 was $66,965. There are 4 employees and 9 volunteers at Teamsters Credit Union.
Here are 9 key members and their salaries:
- Compensation: $86,109
- Related: $0
- Other: $22,879
- Compensation: $70,015
- Related: $0
- Other: $16,306
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mnteamsterscu.com
Where can I find the form 990 for Teamsters Credit Union?
Teamsters Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mnteamsterscu.com
Learn more at the official website: www.mnteamsterscu.com
Mission Statement of Teamsters Credit Union
Teamsters Credit Union is committed to assisting hardworking Teamsters and their families by providing straightforward and reasonable loans. Acting as a direct union-benefit provider, Teamsters Credit Union is dedicated to establishing long-lasting financial relationships with its members, offering superior service to each individual member. The credit union's mission is to help Teamsters and their families improve their financial well-being, one member at a time.
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Impact
October, 2024
Teamsters Credit Union significantly impacts the financial stability and well-being of hard-working Teamsters and their families. By providing straightforward and equitable loan options, the credit union supports its members in achieving their financial goals.
Dedicated to nurturing lifelong relationships, Teamsters Credit Union emphasizes superior service tailored to individual needs. In 2022, the institution successfully opened 113 new deposit accounts, reflecting its commitment to fostering accessible financial services for its growing member base, which reached 1,879 by the end of the year.
Located in Blaine, MN, the credit union not only offers various deposit accounts but also actively contributes to the financial empowerment of its community. Through its focused efforts on supporting Teamsters, it strengthens the economic foundation and enhances the quality of life for its members, one relationship at a time.
This information is meant to be a general summary of Teamsters 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 2024.
- Investment Income: $135,417
- Program Service Revenue: $643,632
- Gross Receipts: $781,849
Assets and Liabilities:
- Total Assets: $13,696,442
- Total Liabilities: $12,400,794
- Net Assets: $1,295,648
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$546,977
OTHER MEMBER RELATED REVENUE
Revenue
$50,710
MEMBER FEE INCOME
Revenue
$43,945
FEE & INSURANCE INCOME
Revenue
$2,000
Organization Details
Founding Year
1974
Principal Officer
Andrea Adams
Website
www.mnteamsterscu.comNTEE Category
Code: W60 - Public benefit
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