Med Park Credit Union

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

EIN: 450283861 ✦ Grand forks, ND ✦ Designated as a 501(c)(14)

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Overview

What is Med Park Credit Union?

Med Park Credit Union is a member-owned cooperative institution, dedicated to serving and strengthening its community. It operates on a principle of social responsibility, focusing on addressing the financial needs of its members while ensuring its own financial stability. At present, Med Park Credit Union does not offer any specific programs, with its resources entirely committed to providing various services.


Official website here: www.medparkcu.com

Is Med Park Credit Union legitimate?

Med Park Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Med Park 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $221,211

For more financial information, click here


Official website here: www.medparkcu.com

What is the mission statement of Med Park Credit Union?

Med Park Credit Union, as a member-owned cooperative, is committed to strengthening its community through social responsibility. Its primary goal is to meet the financial needs of its members while maintaining its financial stability. The credit union operates with a focus on community development, ensuring it caters to the financial needs of its members effectively. At present, Med Park Credit Union does not have any specific programs in place, with its resources dedicated entirely towards offering various services.


Official website here: www.medparkcu.com

Who is the CEO of Med Park Credit Union?

Veronica Holweger is the Ceo of Med Park Credit Union. The CEO's salary of Med Park Credit Union is $103,000 and their total compensation is $103,000.


Official website here: www.medparkcu.com

What is the revenue of Med Park Credit Union?

Med Park Credit Union's revenue in 2022 was $685,194.


Official website here: www.medparkcu.com

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

The average compensation at Med Park Credit Union during 2022 was $44,242. There are 5 employees and 13 volunteers at Med Park Credit Union.


Here are 8 key members and their salaries (Med Park Credit Union's CEO's salary is $103,000 and their total compensation is $103,000):


Veronica Holweger (Ceo)
  • Compensation: $103,000
  • Related: $0
  • Other: $0
Sheila Piper (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Olson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terra Nuelle (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Piper (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelley Bakke (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Butler (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.medparkcu.com

Where can I find the form 990 for Med Park Credit Union?

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


Official website here: www.medparkcu.com

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

Mission Statement of Med Park Credit Union

Med Park Credit Union, a member-owned cooperative, is dedicated to strengthening its community by embracing social responsibility and addressing the financial needs of its members. This credit union operates with a primary goal of maintaining its financial stability while serving its members effectively. By adhering to these principles, Med Park Credit Union aspires to contribute positively to the community it serves. The credit union currently focuses solely on meeting the financial needs of its members through its various services, without offering any specific programs at this time.

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Impact




October, 2024

Med Park Credit Union plays a vital role in the Grand Forks community by operating as a member-owned cooperative that prioritizes social responsibility and financial stability. By focusing on the financial needs of its members, Med Park Credit Union strengthens community ties and supports local initiatives. This cooperative model ensures that profits are reinvested into services that benefit members, contributing to the overall well-being of the community. By fostering a sense of membership and collaboration, Med Park Credit Union enhances economic opportunities and financial literacy, making a significant impact on the lives of individuals and families in the region.




This information is meant to be a general summary of Med Park 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
$685,194 (2022)
Expenses
$634,863 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $685,194

Assets and Liabilities:

  • Total Assets: $19,926,342
  • Total Liabilities: $17,595,483
  • Net Assets: $2,330,859

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Organization Details

Founding Year

1965

Principal Officer

Veronica Holweger

Main Address

1200 S Columbia Rd, Grand Forks, ND, 58201

NTEE Category

Code: W60 - Public benefit

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