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EIN 41-0174775

Minnco Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
121
City
Cambridge
State
Minnesota
Year formed
1935
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Since 1935, Minnco Credit Union has provided the people of East Central Minnesota with quality financial products and services at the lowest possible cost.
Related structure
Minnco Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Total revenues
$18,225,983
2022
Total expenses
$13,370,723
2022
Total assets
$505,736,590
2022
Num. employees
121
2022

Program areas at Minnco Credit Union

Organization granted 18,828 loans to credit seeking members.
Organization collected premiums from members for credit protection and earned revenue based on member credit card activity.
Organization provided account-level services in exchange for fees.
Investments

Personnel at Minnco Credit Union

NameTitleCompensation
Doug HallstromPresident$380,458
Kirstin BrussSenior Vice President Operations$115,291
Rick BorchardtSenior Vice President - Finance$120,081
Anita QuagliaVice President Member Engagement
John WendlandSenior Vice President Administration and General Counsel$176,012
...and 5 more key personnel

Financials for Minnco Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$15,086,833
Investment income and dividends$3,124,610
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$14,540
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$18,225,983

Form 990s for Minnco Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-15990View PDF
2021-122022-05-16990View PDF
2020-122021-05-14990View PDF
2018-122021-06-07990View PDF
2017-122018-06-14990View PDF
...and 8 more Form 990s

Organizations like Minnco Credit Union

OrganizationLocationRevenue
Minnesota Power Employees Credit UnionDuluth, MN$5,060,015
Co-Op Credit Union of MontevideoMontevideo, MN$13,722,372
Magnifi Financial Credit UnionMelrose, MN$87,403,819
Harbor Pointe Credit Union (DTCU)Duluth, MN$5,734,343
Anoka Hennepin Credit UnionCoon Rapids, MN$11,123,956
First Alliance Credit UnionStewartville, MN$16,521,407
Financial One Credit UnionColumbia Heights, MN$11,270,296
Associated Healthcare Credit UnionWoodbury, MN$6,129,567
Red Wing Credit UnionRed Wing, MN$6,740,657
Greater Community Credit UnionDawson, MN$8,742,446
Data update history
July 21, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 8, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
July 3, 2023
Updated personnel
Identified 2 new personnel
January 8, 2022
Updated personnel
Identified 7 new personnel
October 9, 2021
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
235 1st Ave W
Cambridge, MN 55008
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Isanti County, MN
Website URL
minnco.com/landing 
Phone
(763) 689-1071
Facebook page
MinncoCreditUnion 
IRS details
EIN
41-0174775
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
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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