NonprofitsRed Wing Credit Union

Red Wing Credit Union

RED WING, MN

Total revenue

$9.5M

Total expenses

$7.4M

Net assets

$17.8M

Grants received

EIN

410793629

Tax year

2024

Mission

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

Programs

2 programs

The red wing credit union offers savings deposit rates that are generally higher than our local competition. We offer both regular and ira certificates of deposit.

The red wing credit union offers various checking accounts that are very competitively priced in our local market. All our fees are lower than the competition. In general, we offer better products at a better price.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$7.0M
Investment income$2.5M
Other revenue
Total revenue$9.5M

Expenses

Grants paid
Salaries & benefits$2.3M
Fundraising
Other expenses$2.4M
Total expenses$7.4M
Total assets$189.6M
Net assets$17.8M

People

9 listed

NameRoleCompensation

AARON DEJONG

PRESIDENT

Board

$331K

40 hrs/wk

STACEY STEIN

CFO

Board

$108K

40 hrs/wk

TONY SEYFFER

VICE CHAIRMAN

Board

$1K

0.3 hrs/wk

TAMMY WADLEY

DIRECTOR

Board

$1K

0.3 hrs/wk

STACY BYSTROM

DIRECTOR

Board

$1K

0.3 hrs/wk

PAUL IRWIN

DIRECTOR

Board

$1K

0.3 hrs/wk

DARYL MARK

CHAIR

Board

$1K

0.3 hrs/wk

DAVID HULL

DIRECTOR

Board

$900

0.3 hrs/wk

SHIRLEY PERKINS

SECRETARY

Board

$700

0.3 hrs/wk

Independent contractors

FISERV

DATA SERVICE

$707K

BAUER DESIGN BUILD

CONSTRUCTION

$334K

PAR 3 IT

IT SERVICE

$193K

Details

EIN410793629
Subsection14
Ruling date1944-09
Formed1954
Employees39
Volunteers0
RED WING CREDIT UNION — Mission, Financials & Grants Received | Grantivo