NonprofitsWest Metro Schools Credit Union

West Metro Schools Credit Union

HOPKINS, MN

Total revenue

$2.3M

Total expenses

$2.0M

Net assets

$7.3M

Grants received

EIN

410787859

Tax year

2024

Mission

We are a not-for-profit, member owned and controlled financial organization. We provide financial services and build life-long relationships while maintating financial stability and safeguarding member assets.

Programs

1 program

The credit union has several types of loan programs available for our members. We funded 497 new loans to members during 2024. As of 12/31/24 we had 1,743 loans to our members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.8M
Investment income$500K
Other revenue$3K
Total revenue$2.3M

Expenses

Grants paid$6K
Salaries & benefits$552K
Fundraising
Other expenses$1.5M
Total expenses$2.0M
Total assets$40.4M
Net assets$7.3M

People

8 listed

NameRoleCompensation

CRYSTAL SCHUMAN

PRESIDENT

Board

$140K

40 hrs/wk

MARY KAY MYRMEL

CAHIR

Board

2 hrs/wk

LISA WALKER

VICE CHAIR

Board

2 hrs/wk

BETTY MAGNUSON

SECRETARY

Board

1.5 hrs/wk

JOHN TOOP

DIRECTOR

Board

1 hrs/wk

PATRICIA WRIGHT

DIRECTOR

Board

1 hrs/wk

THOMAS OPITZ

DIRECTOR

Board

1 hrs/wk

COLLEEN LUCK

DIRECTOR

Board

1 hrs/wk

Details

EIN410787859
Subsection14
Ruling date1944-09
Formed1954
Employees8
Volunteers9
WEST METRO SCHOOLS CREDIT UNION — Mission, Financials & Grants Received | Grantivo