St Cloud Financial Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410517445 ✦ St cloud, MN ✦ Designated as a 501(c)(14)

Overview

What is St Cloud Financial Credit Union?

St. Cloud Financial Credit Union is a member-owned financial organization located at 1716 Pine Cone Road South in St. Cloud, Minnesota, with a ZIP code of 55301. The credit union offers various deposit accounts to its members and opened 3,182 new member accounts in 2022. As of December 31, 2022, they had 24,399 members. The organization is committed to providing competitive financial services and adapting to the evolving needs of its members while maintaining a secure business practice. Their mission extends beyond finances, advocating for people and making a meaningful difference within the community. The credit union employs 89 individuals.


Official website here: www.stcloudfcu.coop

Is St Cloud Financial Credit Union legitimate?

St Cloud Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. St Cloud Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $723,254
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,706,404

For more financial information, click here


Official website here: www.stcloudfcu.coop

What is the mission statement of St Cloud Financial Credit Union?

St. Cloud Financial Credit Union is a member-owned organization that provides competitive financial services, adapting to the evolving needs of its members while maintaining a secure business operation. The credit union advocates for people through a member-focused culture, an energetic work environment, and purposeful community engagement. It offers various deposit account options to its members, opening 3,182 new accounts in 2022. With a membership base of 24,399 as of December 31, 2022, the credit union prioritizes making a significant difference in the lives of its members.


Official website here: www.stcloudfcu.coop

Who is the CEO of St Cloud Financial Credit Union?

Jed Meyer is the Ceo of St Cloud Financial Credit Union. The CEO's salary of St Cloud Financial Credit Union is $281,788 and their total compensation is $325,313.


Official website here: www.stcloudfcu.coop

What is the revenue of St Cloud Financial Credit Union?

St Cloud Financial Credit Union's revenue in 2022 was $14,690,907.


Official website here: www.stcloudfcu.coop

Who are the executives of St Cloud Financial Credit Union and what are their salaries?

The average compensation at St Cloud Financial Credit Union during 2022 was $49,771. There are 89 employees and 14 volunteers at St Cloud Financial Credit Union.

Here are 15 key members and their salaries (St Cloud Financial Credit Union's CEO's salary is $281,788 and their total compensation is $325,313):

    Jed Meyer (Ceo)
  • Compensation: $281,788
  • Related: $0
  • Other: $43,525

    • Alyce Justin (Cao)
  • Compensation: $158,423
  • Related: $0
  • Other: $49,003

    • Sheloa Fieldseth (Cfo)
  • Compensation: $150,657
  • Related: $0
  • Other: $53,437

    • Allison Peichel (Loan Officer)
  • Compensation: $169,839
  • Related: $0
  • Other: $24,008

    • Chase Larson (Clo)
  • Compensation: $146,261
  • Related: $0
  • Other: $33,710

    • Jamie Kleve (Coo)
  • Compensation: $134,623
  • Related: $0
  • Other: $33,878

    • Justin Burnard (Cto)
  • Compensation: $133,762
  • Related: $0
  • Other: $27,289

    • Meggan Schwirtz (Cxo)
  • Compensation: $131,093
  • Related: $0
  • Other: $22,232

    • Andrew Johannes (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randy Schreifels (Board 1St Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenneth Erickson (Board 2Nd Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Wurst (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Weisz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Becky Eisenwinter (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sony Miller (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.stcloudfcu.coop

    Where can I find the form 990 for St Cloud Financial Credit Union?

    The St Cloud Financial Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.stcloudfcu.coop

    Learn more at the official website: www.stcloudfcu.coop

    Mission Statement of St Cloud Financial Credit Union

    St. Cloud Financial Credit Union, a member-owned organization, is dedicated to delivering financially competitive services that cater to the evolving needs of its members. Maintaining a safe and sound business practice is a top priority for the credit union.

    In its mission to make a difference for all, St. Cloud Financial Credit Union advocates for people through a member-focused culture, an enthusiastic employee environment, and purposeful action within the community. The organization offers a variety of deposit accounts for its members, opening 3,182 new member deposit accounts in 2022 alone. As of December 31, 2022, the credit union had 24,399 members.

    By prioritizing the needs of its members, St. Cloud Financial Credit Union fosters a strong sense of community and commitment. Its employee-driven approach ensures that the credit union stays responsive to the changing requirements of its members, offering services that cater to their unique financial situations. In all its endeavors, the credit union remains committed to maintaining a financially sound business, allowing it to continue providing valuable services to its members for years to come.

    Impact

    This information is meant to be a general summary of St Cloud Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    St. Cloud Financial Credit Union is making a significant impact by offering competitive financial services to its members while prioritizing their needs. With a strong focus on maintaining a safe and sound business practice, the credit union opened 3,182 new member deposit accounts in 2022, bringing its total member count to 24,399 as of December 31, 2022. Through its member-focused culture, enthusiastic employee environment, and purposeful community engagement, St. Cloud Financial Credit Union is dedicated to making a meaningful difference for all.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $610,991
  • Program Service Revenue: $14,108,597
  • Gross Receipts: $14,690,907

    • Assets and Liabilities:
  • Total Assets: $326,767,101
  • Total Liabilities: $305,843,469
  • Net Assets: $20,923,632
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST INCOME

    Revenue

    $9,447,884

    OTHER OPERATING INCOME

    Revenue

    $2,643,807

    FEES & CHARGES

    Revenue

    $2,016,906

    Organization Details

    Founding Year

    1930

    Principal Officer

    Jed Meyer

    Main Address

    1716 PINE CONE ROAD SOUTH, ST CLOUD, MN, 55301

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of St Cloud Financial Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.