Program areas at Southpoint Financial Credit Union
The Credit Union has provided 14,494 loans to members, totaling $390k (3,444 loans provided in 2023)
The Credit Union provided 65,302 deposit accounts to members totaling approximately $397 million, consisting of savings, checking, iras, certificates, with the use of debit and atm cards.
Personnel at Southpoint Financial Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Jay A Gostonczik | Chief Executive Officer | $273,594 | 2024-11-15 |
| Al Peterson | Chief Financial Officer | $184,770 | 2023-12-31 |
| David Schouten | Chief Information Officer | $134,782 | 2023-12-31 |
| Joel Heitner | Director of Deposits and Members | $116,853 | 2023-12-31 |
| Patrice Gohl | Past Chief Operations Officer / Vice President Operations | $175,770 | 2023-12-31 |
| ...and 2 more key personnel |
Financials for Southpoint Financial Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $24,710,206 | $20,121,281 | 22.8% |
| Investment income and dividends | $1,414,686 | $1,370,371 | 3.2% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $18,000 | $-197,912 | 109.1% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $26,142,892 | $21,293,740 | 22.8% |
Organizations like Southpoint Financial Credit Union
| Organization | Type | Location | Revenue |
|---|
| Greater Community Credit Union | 501(c)(14) | Dawson, MN | $12,614,357 |
| Red Wing Credit Union | 501(c)(14) | Red Wing, MN | $7,704,785 |
| Associated Healthcare Credit Union | 501(c)(14) | Woodbury, MN | $7,645,894 |
| My Credit Union | 501(c)(14) | Bloomington, MN | $18,658,180 |
| Leading Edge Credit Union | 501(c)(14) | Worthington, MN | $8,422,524 |
| Northridge Community Credit Union | 501(c)(14) | Hoyt Lakes, MN | $8,252,675 |
| Harbor Pointe Credit Union (DTCU) | 501(c)(14) | Duluth, MN | $6,824,977 |
| Magnifi Financial Credit Union | 501(c)(14) | Melrose, MN | $128,720,153 |
| Minnco Credit Union | 501(c)(14) | Cambridge, MN | $22,040,179 |
| Accentra Credit Union | 501(c)(14) | Austin, MN | $9,887,726 |
Data update history
February 8, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 22, 2025
Updated personnel
Identified 3 new personnel
October 3, 2024
Updated personnel
Identified 3 new personnel
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
- Address
- 924 Main St East
- Sleepy Eye, MN 56085
- County
- Brown County, MN
- Website URL
- southpointfinancial.com/
- Phone
- (507) 794-6712
IRS details
- EIN
- 41-0518425
- 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
Free account sign-up
Want updates when Southpoint Financial Credit Union has new information, or want to find more organizations like Southpoint Financial Credit Union?
Create free Cause IQ account