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EIN 41-0195345

Members Cooperative Credit Union (MCCU)

IRS 501(c) type
501(c)(14)
Num. employees
330
City
Duluth
State
Minnesota
Year formed
1936
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
At MCCU, we strive to be the primary positive financial influence in the lives of our members/owners. Imagine doing business with an organization that truly has your best financial future as its number-one goal. As a nonprofit credit union, we’re not in business to make money for a handful of shareholders – we’re in it to serve every one of our 50,000 members. Our mission is to conduct the ordinary and necessary business of a credit union involving the receiving of savings of members and lending money to members for provident purposes.
Related structure
MCCU is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Total revenues
$60,672,514
2023
20192020202120222023$40m$60m
Total expenses
$60,581,870
2023
20192020202120222023$30m$50m$70m
Total assets
$1,193,596,347
2023
20192020202120222023$0.7b$0.9b$1.1b
Num. employees
330
2023
201920202021202220230200400

Program areas at MCCU

Dividends and interest of $12.59 million was paid to Members in 2023 on 127,664 deposit accounts. We strive to offer competitve rates to our Members.
Availability of 13 of our own atm's as well as a large network of atm's nation and world wide to our Members and non-members. We want to offer convenience to our Members after hours and away from home.
29,403 loans totaling over $938 million were active for consumer, mortgage and commercial loans. Our goal is to offer loans at reasonable rates to our Members. We also provide indirect loans to customers of auto dealerships in the area at competitive rates.

Grants made by MCCU

GranteeGrant descriptionAmount
Grandma's Marathon-DuluthSponsorship and Support of Community Event$60,000
Minnesota A-A-ESponsorship and Support of Community Event$15,000
Members Cooperative Credit Union Community Youth FoundationSupport Youth Foundation Events$11,000

Financials for MCCU

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$54,391,833
Investment income and dividends$4,372,467
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,908,214
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$60,672,514

Organizations like MCCU

OrganizationLocationRevenue
Co-Op Credit Union of MontevideoMontevideo, MN$16,954,154
First Alliance Credit UnionStewartville, MN$20,652,686
City & County Credit Union (CCCU)Saint Paul, MN$56,581,355
Magnifi Financial Credit UnionMelrose, MN$128,720,153
Minnco Credit UnionCambridge, MN$26,953,300
My Credit UnionBloomington, MN$18,658,180
Ideal Credit UnionWoodbury, MN$56,178,125
Southpoint Financial Credit UnionSleepy Eye, MN$26,142,892
Blackhawk Community Credit UnionJanesville, WI$44,630,547
Schlumberger Employees Credit UnionSugar Land, TX$30,696,831
Data update history
March 7, 2025
Posted financials
Added Form 990 for fiscal year 2023
February 28, 2025
Updated personnel
Identified 3 new personnel
January 8, 2025
Used new vendors
Identified 5 new vendors, including , , , , and
December 27, 2023
Updated personnel
Identified 7 new personnel
December 24, 2023
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
4628 Mike Colalillo Dr
Duluth, MN 55807
Metro area
Duluth, MN-WI
County
St. Louis County, MN
Website URL
membersccu.com/ 
Phone
(218) 625-8500
Facebook page
membersccu 
Twitter profile
@memberscoopcu 
IRS details
EIN
41-0195345
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
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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