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Minnequa Works Credit Union

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

EIN: 840398950 ✦ Pueblo, CO ✦ Designated as a 501(c)(14)

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Overview

What is Minnequa Works Credit Union?

Minnequa Works Credit Union is a member-owned financial institution located at 1549 E Abriendo Ave, Pueblo, CO 81004. With approximately 13,218 members, this credit union offers financial services to its community. Its mission is to provide competitive loan rates, savings rates, mortgage lending, checking accounts, and debit and credit cards to its members. The credit union ensures its members receive competitive interest rates on funds deposited and lower-cost loans for borrowed funds, as stated in their program description. The credit union remains active and continues to operate according to its mission, as indicated in their continued operations. With a workforce of 34 employees, Minnequa Works Credit Union upholds its commitment to serving its members' financial needs.


Official website here: www.minnequaworks.com

Is Minnequa Works Credit Union legitimate?

Minnequa Works Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Minnequa Works 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: $480,613
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,380,489

For more financial information, click here


Official website here: www.minnequaworks.com

What is the mission statement of Minnequa Works Credit Union?

The Minnequa Works Credit Union is committed to providing financial services to its approximately 13,218 members. The mission of this credit union is to offer competitive loan rates, savings rates, mortgage lending, checking accounts, and debit and credit cards. By doing so, they aim to provide their members with a competitive rate on funds deposited and offer lower cost loans for borrowed funds. This credit union is dedicated to serving its members effectively, ensuring they have access to essential financial services.


Official website here: www.minnequaworks.com

Who is the CEO of Minnequa Works Credit Union?

Kim Giordano is the Ceo of Minnequa Works Credit Union. The CEO's salary of Minnequa Works Credit Union is $240,697 and their total compensation is $240,697.


Official website here: www.minnequaworks.com

What is the revenue of Minnequa Works Credit Union?

Minnequa Works Credit Union's revenue in 2022 was $7,236,388.


Official website here: www.minnequaworks.com

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

The average compensation at Minnequa Works Credit Union during 2022 was $54,738. There are 34 employees and 8 volunteers at Minnequa Works Credit Union.


Here are 12 key members and their salaries (Minnequa Works Credit Union's CEO's salary is $240,697 and their total compensation is $240,697):


Jim Barber (Ceo)
  • Compensation: $240,697
  • Related: $0
  • Other: $0
Kim Giordano (Cfo)
  • Compensation: $137,274
  • Related: $0
  • Other: $0
Greg Leber (It)
  • Compensation: $102,642
  • Related: $0
  • Other: $0
Greg Smith (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Anderson (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloria Bowser (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Boyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Shriver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marilyn Rhodes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Kinnischtzke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellen Mahoney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joey Falbo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.minnequaworks.com

Where can I find the form 990 for Minnequa Works Credit Union?

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


Official website here: www.minnequaworks.com

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

Mission Statement of Minnequa Works Credit Union

Minnequa Works Credit Union, a cooperative financial institution owned by approximately 13,218 members, is committed to providing financial services to its members. Its mission is to offer competitive loan rates, savings rates, mortgage lending, checking accounts, and debit and credit cards. By doing so, the credit union aims to provide its members with a competitive rate on the funds they deposit and offer lower cost loans for borrowed funds. In essence, Minnequa Works Credit Union is dedicated to enhancing the financial well-being of its members by providing them with affordable and competitive financial services.

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Impact




October, 2024

Minnequa Works Credit Union plays a significant role in the financial well-being of its approximately 13,218 members in Pueblo, Colorado. By offering a range of financial services—including competitive loan rates, attractive savings rates, mortgage lending, checking accounts, and debit and credit cards—the credit union empowers its members to manage their finances effectively.

The credit union’s commitment to providing lower-cost loans makes borrowing more accessible for members, allowing them to fulfill their financial needs without undue burden. Additionally, the competitive rates on deposited funds encourage savings, which helps members grow their wealth. This focus on member-centric financial solutions not only fosters individual financial health but also strengthens the overall economic stability of the community.

Through its programs, Minnequa Works Credit Union enhances public benefit by promoting financial literacy and supporting local economic development, thereby contributing positively to the broader Pueblo community.




This information is meant to be a general summary of Minnequa Works 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
$7,236,388 (2022)
Expenses
$5,876,098 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,017,617
  • Program Service Revenue: $5,218,771
  • Gross Receipts: $7,236,388

Assets and Liabilities:

  • Total Assets: $233,607,050
  • Total Liabilities: $214,534,707
  • Net Assets: $19,072,343

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Programs

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

INTEREST MEMBER LOANS

Revenue

$3,338,060

FEES MEMBER SERVICES

Revenue

$1,869,792

GAIN LOSS REPO VEHICLES

Revenue

$10,919

Organization Details

Founding Year

1936

Principal Officer

Kim Giordano

Main Address

1549 E ABRIENDO AVE, PUEBLO, CO, 81004

NTEE Category

Code: W61 - Public benefit

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