EIN 41-0174775

Minnco Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
125
Year formed
1935
Most recent tax filings
2023-12-01
Description
Since 1935, Minnco Credit Union has provided the people of East Central Minnesota with quality financial products and services at the lowest possible cost.
Related structure
Minnco Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Total revenues
$22,040,179
2023
Total expenses
$18,958,431
2023
Total assets
$518,034,003
2023
Num. employees
125
2023

Program areas at Minnco Credit Union

Organization granted 20,372 loans to credit seeking members.
Organization collected premiums from members for credit protection and earned revenue based on member credit card activity.
Organization provided account-level services in exchange for fees.
Investments

Personnel at Minnco Credit Union

NameTitleCompensation
Doug HallstromPresident$380,458
Kirstin BrussSenior Vice President Operations$115,291
Rick BorchardtSenior Vice President - Finance$120,081
Anita QuagliaVice President Member Engagement
John WendlandSenior Vice President Administration and General Counsel$176,012
...and 5 more key personnel

Financials for Minnco Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$18,843,903
Investment income and dividends$3,781,314
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-585,038
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$22,040,179

Form 990s for Minnco Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-05990View PDF
2022-122023-05-15990View PDF
2021-122022-05-16990View PDF
2020-122021-05-14990View PDF
2018-122021-06-07990View PDF
...and 9 more Form 990s

Organizations like Minnco Credit Union

OrganizationLocationRevenue
Ideal Credit UnionWoodbury, MN$48,171,673
First Alliance Credit UnionStewartville, MN$20,652,686
Co-Op Credit Union of MontevideoMontevideo, MN$13,722,372
Financial One Credit UnionColumbia Heights, MN$11,270,296
Red Wing Credit UnionRed Wing, MN$6,740,657
Greater Community Credit UnionDawson, MN$8,742,446
Leading Edge Credit UnionWorthington, MN$7,569,554
Associated Healthcare Credit UnionWoodbury, MN$6,129,567
Magnifi Financial Credit UnionMelrose, MN$87,403,819
Harbor Pointe Credit Union (DTCU)Duluth, MN$6,824,977
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 21, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 8, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
July 3, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
2215 3rd Ave Ne
Cambridge, MN 55008
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Isanti County, MN
Website URL
minnco.com/landing 
Phone
(763) 689-1071
Facebook page
MinncoCreditUnion 
IRS details
EIN
41-0174775
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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