Sharepoint Credit Union

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

EIN: 416024250 ✦ Bloomington, MN ✦ Designated as a 501(c)(14)

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Overview

What is Sharepoint Credit Union?

Sharepoint Credit Union, located in Bloomington, Minnesota, is a member-driven financial institution with approximately 21,000 members and around 33,000 deposit accounts. Their mission is to build long-lasting financial relationships by providing competitive loan and deposit products to their members. With a team of 73 employees, they offer these services to create a solid financial foundation for their community. Sharepoint Credit Union pays dividends and interest to its members, fostering a cooperative environment that emphasizes financial growth and stability.


Official website here: www.sharepointcu.com

Is Sharepoint Credit Union legitimate?

Sharepoint Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Sharepoint 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: $575,361
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,886,512

For more financial information, click here


Official website here: www.sharepointcu.com

What is the mission statement of Sharepoint Credit Union?

Sharepoint Credit Union aims to build long-term financial relationships with its membership by providing competitive loan and deposit products. Through these offerings, the credit union strives to enhance the financial wellbeing of its members. Approximately 21,000 members hold around 33,000 deposit accounts with the credit union, from which dividends and interest are paid. The credit union's mission is centered on creating value for its members and fostering financial stability.


Official website here: www.sharepointcu.com

Who is the CEO of Sharepoint Credit Union?

Phillip Kopischke is the Ceo of Sharepoint Credit Union. The CEO's salary of Sharepoint Credit Union is $343,451 and their total compensation is $360,063.


Official website here: www.sharepointcu.com

What is the revenue of Sharepoint Credit Union?

Sharepoint Credit Union's revenue in 2022 was $12,280,437.


Official website here: www.sharepointcu.com

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

The average compensation at Sharepoint Credit Union during 2022 was $47,423. There are 73 employees and 12 volunteers at Sharepoint Credit Union.


Here are 14 key members and their salaries (Sharepoint Credit Union's CEO's salary is $343,451 and their total compensation is $360,063):


Joseph Schmidt (Chair)
  • Compensation: $3,240
  • Related: $0
  • Other: $0
Nicholas Nelson (Vice Chair)
  • Compensation: $1,710
  • Related: $0
  • Other: $0
Scott Weicht (Secretary)
  • Compensation: $2,340
  • Related: $0
  • Other: $0
Joseph Budnick (Director)
  • Compensation: $2,385
  • Related: $0
  • Other: $0
Todd Corbo (Director)
  • Compensation: $3,375
  • Related: $0
  • Other: $0
Jean Gallo (Director)
  • Compensation: $653
  • Related: $0
  • Other: $0
Gary Hawley (Director)
  • Compensation: $3,015
  • Related: $0
  • Other: $0
Alan Pederson (Director)
  • Compensation: $2,835
  • Related: $0
  • Other: $0
Phillip Kopischke (Ceo)
  • Compensation: $343,451
  • Related: $0
  • Other: $16,612
Julie Tanner (Cfo)
  • Compensation: $185,755
  • Related: $0
  • Other: $9,990
Kerri Hiniker (Vice President Of Lending)
  • Compensation: $157,674
  • Related: $0
  • Other: $5,459
Paul Vork (Vice President Of Finance/Controller)
  • Compensation: $127,008
  • Related: $0
  • Other: $4,632
Megan Hammack (Vice President Of Operations)
  • Compensation: $113,107
  • Related: $0
  • Other: $4,114
Kerri Cowden (Vice President Of Member Services)
  • Compensation: $105,931
  • Related: $0
  • Other: $10,892


Official website here: www.sharepointcu.com

Where can I find the form 990 for Sharepoint Credit Union?

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


Official website here: www.sharepointcu.com

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

Mission Statement of Sharepoint Credit Union

Sharepoint Credit Union, a financial institution dedicated to its membership, is committed to providing competitive loan and deposit products. This mission aims to foster long-lasting financial relationships with its members. The credit union's approach to finance is not just about transactions, but about building a connection with each individual. Approximately 21,000 members hold approximately 33,000 deposit accounts, all of which receive dividends and interest. This not only signifies the trust members have in Sharepoint Credit Union but also the credit union's dedication to returning value to its community. By offering attractive financial services, Sharepoint Credit Union establishes a foundation for strong, enduring relationships.

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Impact




October, 2024

Sharepoint Credit Union significantly impacts the financial well-being of its community. By providing competitive loan and deposit products, it fosters lifelong financial relationships with approximately 21,000 members. The credit union serves about 33,000 deposit accounts, offering dividends and interest that enhance members' savings and investment potential. Located in Bloomington, MN, Sharepoint Credit Union contributes to the public benefit by ensuring that its members have access to reliable financial services that support their personal and financial goals. This commitment not only strengthens individual financial health but also nurtures a supportive community of savers and borrowers.




This information is meant to be a general summary of Sharepoint 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
$12,280,437 (2022)
Expenses
$10,449,938 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,212,075
  • Program Service Revenue: $10,555,359
  • Gross Receipts: $23,286,281

Assets and Liabilities:

  • Total Assets: $301,847,675
  • Total Liabilities: $277,243,214
  • Net Assets: $24,604,461

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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

$7,877,873

FEE INCOME

Revenue

$2,677,486

Organization Details

Founding Year

1933

Principal Officer

Phillip Kopischke

Main Address

5300 HYLAND GREENS DRIVE, BLOOMINGTON, MN, 55437

NTEE Category

Code: W60 - Public benefit

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