EIN 41-0824021

My Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
104
Year formed
1957
Most recent tax filings
2023-12-01
Description
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.
Related structure
My Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Also known as...
Richfieldbloomington Credit Union
Total revenues
$18,658,180
2023
Total expenses
$16,577,395
2023
Total assets
$386,343,958
2023
Num. employees
104
2023

Program areas at My Credit Union

Dividends and interest exceeding $1,154,541. Paid to members on $329,092,930 deposit accounts held by 23,874 members.
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 6,085 Credit cards, over 22,747 debit cards, and nearly 13,356 members using our internet banking site.
Provided consumer, mortgage and business loan services to members. Granted 987 loans in 2023 which exceeded $31,433,939 in new loan disbursements. Total of all loans outstanding was over $333,109,095 at year end.

Personnel at My Credit Union

NameTitleCompensation
Rick RasmussonChief Financial Officer / Vice President , Finance$207,087
Todd BardusonVice President , Marketing and Business Development$136,227
Pierre MerlinVice President , It$175,264
Terry StirewaltVice President , Commercial Services / Vice President , Business Loans$124,402
Greg WorthenPresident$409,577
...and 13 more key personnel

Financials for My Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$17,760,182
Investment income and dividends$449,642
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$8,792
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$439,564
Total revenues$18,658,180

Form 990s for My Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-12990View PDF
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-16990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s

Organizations like My Credit Union

OrganizationLocationRevenue
Novation Credit UnionOakdale, MN$11,293,465
Southpoint Financial Credit UnionSleepy Eye, MN$21,293,740
Ideal Credit UnionWoodbury, MN$56,178,125
Harbor Pointe Credit Union (DTCU)Duluth, MN$6,824,977
North Star Credit UnionCook, MN$5,369,459
Minnco Credit UnionCambridge, MN$22,040,179
Anoka Hennepin Credit UnionCoon Rapids, MN$12,997,224
Accentra Credit UnionAustin, MN$9,887,726
Members Cooperative Credit Union (MCCU)Duluth, MN$46,427,247
Heartland Credit UnionInver Grove Heights, MN$8,315,333
Data update history
January 4, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 25, 2023
Used new vendors
Identified 1 new vendor, including
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 1, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
9550 Lyndale Ave South
Bloomington, MN 55420
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
mymncu.org/ 
Phone
(612) 798-7176
Facebook page
RichfieldBloomingtonCreditUnion 
IRS details
EIN
41-0824021
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1957
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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