NonprofitsMy Credit Union

My Credit Union

BLOOMINGTON, MN

Total revenue

$19.1M

Total expenses

$18.4M

Net assets

$35.2M

Grants received

EIN

410824021

Tax year

2024

Mission

To provide lending, savings and other financial services to our qualifying members at terms generally better than available in the marketplace and with a "service based emphasis" that recognizes the members' status as owners.

Programs

2 programs

Provided consumer, mortgage and business loan services to members. Granted 803 loans in 2024 which exceeded $25,245,808 in new loan disbursements. Total of all loans outstanding was over $320,934,232 at year end.

Provided outstanding personal and remote access to financial services. In addition to four in-person branches, my credit union members accessed financial service through the use of 4 surcharge free atm's, over 6,770 credit cards, over 25,575 debit cards, and nearly 13,189 members using our internet banking site.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$18.4M
Investment income$305K
Other revenue$469K
Total revenue$19.1M

Expenses

Grants paid
Salaries & benefits$7.3M
Fundraising
Other expenses$8.9M
Total expenses$18.4M
Total assets$376.6M
Net assets$35.2M

People

19 listed

NameRoleCompensation

GREG WORTHEN

PRESIDENT

Board

$454K

40 hrs/wk

RICK RASMUSSON

CHIEF FINANCIAL OFFICER

Board

$231K

40 hrs/wk

KAREN HOEPPNER

VICE PRESIDENT, LENDING

Board

$209K

40 hrs/wk

PIERRE MERLIN

VICE PRESIDENT, IT

Board

$202K

40 hrs/wk

JOHN DEBETTIGNIES

VICE PRESIDENT, MEMBER SER

Board

$192K

40 hrs/wk

TODD BARDUSON

VICE PRESIDENT, MARKETING

Board

$144K

40 hrs/wk

JULIE PRIBBLE

VICE PRESIDENT, HR

Board

$140K

40 hrs/wk

TERRY STIREWALT

VICE PRESIDENT, COMMERCIAL

Board

$113K

40 hrs/wk

LUANN WERNER

DIRECTOR

Board

1 hrs/wk

SUSAM ROSENBERG

DIRECTOR'

Board

1 hrs/wk

JIM MCDONALD

DIRECTOR

Board

1 hrs/wk

DYLAN KLOPP

DIRECTOR

Board

1 hrs/wk

TERESA KRUSE

SECRETARY

Board

1 hrs/wk

SCOTT HOFFHINES

TREASURER

Board

1 hrs/wk

JOHN SUAREZ

VICE CHAIRMAN

Board

1 hrs/wk

LYNNE SCHERER

DIRECTOR

Board

1 hrs/wk

JAMES HABECK

CHAIRMAN

Board

1 hrs/wk

CHRISTOPHER GUARNERA

VP OF COMMERCIAL SERVICES

Staff

$138K

40 hrs/wk

BRADEN WELCH

DIRECTOR OF IT

Staff

$120K

40 hrs/wk

Independent contractors

FISERV INC AND ITS AFFILIATES

IT SERVICES

$822K

LOFFLER COMPANIES

IT SERVICES/ PRINTING

$479K

ALKAMI TECHNOLOGY

IT SERVICES

$379K

HENNEPIN COUNTY TREASURER

GOVERNMENT SERVICES

$312K

027D PRODUCT DEVELOPMENT

PRODUCT DEVELOPMENT

$222K

Details

EIN410824021
Subsection14
Ruling date1944-09
Formed1957
Employees103
Volunteers13
MY CREDIT UNION — Mission, Financials & Grants Received | Grantivo