Catholic United Financial Credit Union

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

EIN: 412003422 ✦ Saint paul, MN ✦ Designated as a 501(c)(14)

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Overview

What is Catholic United Financial Credit Union?

Catholic United Financial Credit Union is a nonprofit, financial cooperative based in Saint Paul, Minnesota. With a membership of approximately 4,000 individuals, the credit union offers various financial services, including mobile app and remote deposit capture. Members use these services to achieve their financial goals through a range of deposit accounts and loan financing options. The credit union communicates with its membership through mailings, emails, social media posts, and its website and Facebook page. Every year, the credit union conducts an annual meeting and provides an annual report to its members. As a not-for-profit financial cooperative, Catholic United Financial Credit Union provides deposit products such as savings and checking accounts, as well as loan products like new and used vehicles, lines of credit, and real estate loans and lines.


Official website here: www.catholicunitedcu.org

Is Catholic United Financial Credit Union legitimate?

Catholic United Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Catholic United Financial 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: $550,329
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.catholicunitedcu.org

What is the mission statement of Catholic United Financial Credit Union?

Catholic United Financial Credit Union serves as a not-for-profit financial cooperative, offering deposit and loan products to its members. Its mission is to provide deposit services such as savings, checking, and CDs, along with loan options like new and used vehicles, lines of credit, and real estate loans and lines. The credit union aims to help its 4,000 members achieve their financial goals through various deposit accounts and loan financing. It keeps its members informed with regular mailings, emails, social media posts, and updates on its website and Facebook page. Catholic United Financial Credit Union conducts an annual meeting and shares an annual report with its membership, ensuring transparency and engagement with its members.


Official website here: www.catholicunitedcu.org

What is the revenue of Catholic United Financial Credit Union?

Catholic United Financial Credit Union's revenue in 2023 was $1,760,739.


Official website here: www.catholicunitedcu.org

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

Here are 10 key members and their salaries:


Andrea Ferkingstad (President)
  • Compensation: $110,182
  • Related: $0
  • Other: $0
Alison Caldwell (Director Of Finance)
  • Compensation: $88,376
  • Related: $0
  • Other: $0
Emily Ripplinger (Branch Manager)
  • Compensation: $72,539
  • Related: $0
  • Other: $0
Michael Ahles (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harald Borrmann (Vice Chair Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Butch Beyers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Gephart (Secretary Treasurer Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Lamusga (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tizoc Rosales (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Stang (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.catholicunitedcu.org

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

Catholic United Financial Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.catholicunitedcu.org

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

Mission Statement of Catholic United Financial Credit Union

Catholic United Financial Credit Union, as a not-for-profit financial cooperative, is dedicated to providing deposit and loan products to its members. Its mission is to offer deposit products such as savings, checking, and CDs, along with loan products like new and used vehicles, lines of credit, revolving credit, and real estate loans and lines. The credit union aims to benefit its members by offering financial services, including mobile app and remote deposit capture, enabling over 4,000 members to achieve their financial goals through various deposit accounts and loan financing. Catholic United Financial Credit Union shares information with its membership through mailings, emails, social media posts, its website, and Facebook. The credit union conducts an annual meeting each year and provides an annual report to its members to keep them informed about its operations.

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Impact




October, 2024

Catholic United Financial Credit Union significantly impacts its community by providing essential financial services to its members. As a not-for-profit financial cooperative, it offers a range of deposit and loan products, including savings accounts, checking accounts, certificates of deposit (CDs), and various loans for vehicles, lines of credit, and real estate.

With a membership base of around 4,000 individuals, the credit union supports members in achieving their financial goals through accessible financial services, facilitated by modern tools such as a mobile app and remote deposit capture. This commitment to member service is complemented by regular communication, including newsletters, emails, and updates via social media platforms like Facebook.

The credit union hosts an annual meeting, providing transparency and an opportunity for members to engage with the organization, culminating in an annual report that outlines their activities and financial standings. Through these initiatives, Catholic United Financial Credit Union fosters a sense of community and serves as a vital resource for financial stability for its members in Saint Paul, MN, and beyond.




This information is meant to be a general summary of Catholic United Financial 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
$1,760,739 (2023)
Expenses
$1,486,204 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $532,802
  • Program Service Revenue: $933,397
  • Gross Receipts: $1,760,739

Assets and Liabilities:

  • Total Assets: $33,471,960
  • Total Liabilities: $30,522,205
  • Net Assets: $2,949,755

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Organization Details

Founding Year

2001

Principal Officer

Andrea Ferkingstad

NTEE Category

Code: W60 - Public benefit

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