Overview
What is My Credit Union?
My Credit Union is a financial cooperative based in Bloomington, Minnesota, with an address at 9550 Lyndale Avenue South, ZIP code 55420. With a membership of 23,958 individuals, they hold deposits totaling $400,833,777, leading to dividends and interest exceeding $283,735 being paid to their members. My Credit Union offers lending, savings, and additional financial services to eligible members, providing terms better than the marketplace standard. Their mission emphasizes a "service-based approach," acknowledging the members as co-owners. The organization employs a team of 103 dedicated professionals.
Official website here: www.mymncu.org
Is My Credit Union legitimate?
My Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. My 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: $1,517,324
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,471,803
For more financial information, click here
Official website here: www.mymncu.org
What is the mission statement of My Credit Union?
My Credit Union is committed to offering lending, savings, and other financial services to eligible members, providing terms that surpass the marketplace standard. This member-owned institution emphasizes a service-oriented approach, acknowledging the members' stake in the organization. In 2022, the credit union distributed dividends and interest totaling over $283,735 to its 23,958 members, whose deposits amounted to $400,833,777.
Official website here: www.mymncu.org
Who is the CEO of My Credit Union?
What is the revenue of My Credit Union?
Who are the executives of My Credit Union and what are their salaries?
The average compensation at My Credit Union during 2022 was $48,438. There are 103 employees and 14 volunteers at My Credit Union.
Here are 16 key members and their salaries:
- Greg Worthen (President)
- Rick Rasmusson (Chief Financial Officer)
- Karen Hoeppner (Vice President, Lending)
- Pierre Merlin (Vice President, It)
- John Debettignies (Vice President, Member Ser)
- Todd Barduson (Vice President, Marketing)
- Terry Stirewalt (Vice President, Commercial)
- James Habeck (Chairman) [Trustee/Director]
- Lynn Scherer (Vice Chairman) [Trustee/Director]
- Teresa Kruse (Secretary) [Trustee/Director]
- James Mcdonald (Treasurer) [Trustee/Director]
- Dylan Klopp (Director)
- Doug Forsman (Director)
- Evans Onchiri (Director)
- John Suarez (Director)
- Luann Werner (Director)
Official website here: www.mymncu.org
Where can I find the form 990 for My Credit Union?
The My Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mymncu.org
Learn more at the official website: www.mymncu.org
Mission Statement of My Credit Union
My Credit Union, with a mission to provide, focuses on offering lending, savings, and various financial services to eligible members. This nonprofit organization sets itself apart from the marketplace by offering terms that generally surpass industry standards. My Credit Union values its members, recognizing their unique status as owners.
The organization's primary goal is to serve its members with a service-oriented approach. This service-based emphasis sets My Credit Union apart from traditional financial institutions. By offering superior financial products, the union brings tangible benefits to its members, including dividends and interest that exceeded $283,735 on deposit accounts worth $400,833,777, held by 23,958 members. This impressive figure underscores the Union's commitment to delivering value to its membership.
My Credit Union's dedication to its members does not stop at financial services. The organization's emphasis on service goes beyond transactions, creating a sense of ownership and community among its members. Through its service-oriented approach, My Credit Union fosters a strong bond between its members and the institution, ensuring that its members' financial needs are met with care and consideration.
Impact
This information is meant to be a general summary of My Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
My Credit Union's impact can be seen in the financial benefits it provides to its 23,958 members in Bloomington, MN. By offering lending, savings, and other financial services with a focus on serving the best interests of its members, My Credit Union has paid out dividends and interest totaling over $283,735 on deposit accounts holding $400,833,777. This demonstrates the tangible and positive impact My Credit Union has on the financial well-being of its members, helping them achieve greater financial security and success.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$13,527,671
OTHER INCOME
Revenue
$2,494,387
FEE INCOME
Revenue
$912,946
Organization Details
Founding Year
1957
Phone
(612) 798-7176
Principal Officer
Greg Worthen
Main Address
9550 LYNDALE AVENUE SOUTH, BLOOMINGTON, MN, 55420
Website
www.mymncu.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of My 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.