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  4. West Metro Schools Credit Union
EIN 41-0787859

West Metro Schools Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
7
City
Hopkins
State
Minnesota
Year formed
1954
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
West Metro Schools Credit Union, a member-owned institution, offers loans and deposit accounts, prioritizing financial benefits and support for local school district employees and students.
Related structure
West Metro Schools Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Total revenues
$1,884,691
2023
Total expenses
$1,602,601
2023
Total assets
$39,203,569
2023
Num. employees
7
2023

Program areas at West Metro Schools Credit Union

The Credit Union has various types of deposit accounts available for our members. We opened 177 new deposit accounts in 2023. As of 12/31/23 we had 2,658 members.
The Credit Union has several types of loan programs available for our members. We funded 391 new loans to members during 2023. As of 12/31/23 we had 1,755 loans to our members.

Personnel at West Metro Schools Credit Union

NameTitleCompensation
Nick BielfeltVice President
Crystal SchumanPresident$132,678
Lisa WalkerVice Chair$0
Betty MagnusonSecretary$0
Mary Kay MyrmelCahir$0
...and 1 more key personnel

Financials for West Metro Schools Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$1,493,762
Investment income and dividends$393,545
Tax-exempt bond proceeds$0
Royalty revenue$3,324
Net rental income$0
Net gain from sale of non-inventory assets$-5,940
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,884,691

Form 990s for West Metro Schools Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-02990View PDF
2022-122023-04-11990View PDF
2021-122022-04-14990View PDF
2020-122021-06-30990View PDF
2019-122020-08-20990View PDF
...and 9 more Form 990s

Organizations like West Metro Schools Credit Union

OrganizationLocationRevenue
MN Catholic Credit UnionLittle Canada, MN$2,024,264
Teamsters Credit UnionBlaine, MN$690,710
Mower County Employees Credit UnionAustin, MN$617,314
Northridge Community Credit UnionHoyt Lakes, MN$6,267,768
Northern States Power St Paul Credit UnionMaplewood, MN$2,042,492
Austin City Employees Credit UnionAustin, MN$538,697
United Employees Credit UnionAlbert Lea, MN$2,077,547
Cities Credit UnionVadnais Heights, MN$1,489,903
Ely Area Credit UnionEly, MN$2,330,009
Crow Wing Power Credit UnionBrainerd, MN$3,786,281
Data update history
May 21, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 15, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Memberships
General information
Address
1001 Hwy 7 Rm 249
Hopkins, MN 55305
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
westmetroschoolscu.org/ 
Phone
(952) 988-4165
IRS details
EIN
41-0787859
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1954
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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