NonprofitsMinnco Credit Union

Minnco Credit Union

CAMBRIDGE, MN

Total revenue

$27.0M

Total expenses

$24.1M

Net assets

$35.1M

Grants received

EIN

410174775

Tax year

2024

Mission

state chartered credit union to promote thrift and to provide source of credit for 33,860 members.

Programs

3 programs

Organization provided account-level services in exchange for fees.

Organization collected premiums from members for credit protection and earned revenue based on member credit card activity.

Investments

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$22.8M
Investment income$4.2M
Other revenue
Total revenue$27.0M

Expenses

Grants paid
Salaries & benefits$8.5M
Fundraising
Other expenses$15.6M
Total expenses$24.1M
Total assets$523.4M
Net assets$35.1M

People

12 listed

NameRoleCompensation

Doug Hallstrom

President

Board

$455K

40 hrs/wk

Jerry Schleicher

Chairperson

Board

$573

1 hrs/wk

Richard Soderberg

Board Member

Board

$463

1 hrs/wk

Laurie Garnas

Board Member

Board

$404

1 hrs/wk

Kory Erickson

Board Member

Board

$379

1 hrs/wk

Dave Maurer

Board Member

Board

$354

1 hrs/wk

Wayne Anderson

Board Member

Board

$266

1 hrs/wk

John Wendland

EVP Administration and General Counsel

Staff

$196K

40 hrs/wk

Rick Borchardt

SVP Finance

Staff

$153K

40 hrs/wk

Kirstin Bruss

SVP Operations

Staff

$150K

40 hrs/wk

Todd Sanders

SVP Lending

Staff

$149K

40 hrs/wk

Anita Quaglia

SVP Member Experience

Staff

$137K

40 hrs/wk

Details

EIN410174775
Subsection14
Ruling date1944-09
Formed1935
Employees129
Volunteers7
MINNCO CREDIT UNION — Mission, Financials & Grants Received | Grantivo