NonprofitsMinnesota Credit Union Foundation Inc

Public Foundations

Minnesota Credit Union Foundation Inc

SAINT PAUL, MN

Total revenue

$448K

Total expenses

$1.0M

Net assets

$484K

Grants received

$66K

9 grants

EIN

043740017

Tax year

2024

Mission

To promote the development of challenged credit unions in minnesota & their communities through assistance and education, and to support the greater social mission of the credit union movement.

Programs

3 programs

Grants to 18 member credit unions to cover the registration and lodging costs of attending conferences with the primary purposes of education and training relating to issues facing credit unions and the people involved.

Expenses: $46KGrants: $46K

A one time grant was given to a credit union in 2024 to help fund its startup. The total grant awarded was 788,377.

Expenses: $788KGrants: $788K

Scholarships were awarded to credit union members and their children, grandchildren, or other dependents. Sixteen 1,000 scholarship's were awarded in 2024. The scholarships are for post secondary education and are awarded to writing contest winners based on a question about the credit union movement. The organization continues to network and maintain a website in an effort to receive contributions so it may continue to further it's exempt purpose. In addition the organization continues to help members further their education.

Expenses: $51K

Financials

FY 2024

Revenue

Contributions & grants$443K
Program service revenue
Investment income$24K
Other revenue
Total revenue$448K

Expenses

Grants paid$962K
Salaries & benefits
Fundraising$4K
Other expenses$72K
Total expenses$1.0M
Total assets$507K
Net assets$484K

People

8 listed

NameRoleCompensation

MARA HUMPHREY

PRESIDENT

Board

0.5 hrs/wk

CAITLIN BRAMA

DIRECTOR

Board

0.5 hrs/wk

DOUG HALLSTROM

DIRECTOR

Board

0.5 hrs/wk

TRINA HOFF

DIRECTOR

Board

0.5 hrs/wk

MARY MATHESON

DIRECTOR

Board

0.5 hrs/wk

SUE PALEN

DIRECTOR

Board

0.5 hrs/wk

DOUG RALSTON

CHAIR

Board

0.5 hrs/wk

KAYLA REIFFENBERGER

VICE CHAIR

Board

0.5 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$40K
CHARITABLE DONATIONS
2023
$6K
Program Support
2023
$1K
GENERAL SUPPORT
2023
$5K
Program Support
2022
$5K
Program Support
2021
$4K
PROGRAM SUPPORT
2020
$4K
PROGRAM SUPPORT
2020
$1K
GENERAL CONTRIBUTION
2020

Funded by

$66K from 5 funders · 9 grants · 2020–2024

Blaze Credit Union Foundation

$40K · 1 grant · 2023

Enterprise Holdings Foundation

$23K · 5 grants · 2020–2023

Trustone Financial Foundation

$1K · 1 grant · 2023

Novation Credit Union Foundation

$725 · 1 grant · 2024

Details

EIN043740017
NTEE codeT30
Subsection03
Ruling date2007-05
Formed1969
Employees0
Volunteers25
MINNESOTA CREDIT UNION FOUNDATION INC — Mission, Financials & Grants Received | Grantivo