Program areas at My Credit Union
Dividends and interest exceeding $1,154,541. Paid to members on $329,092,930 deposit accounts held by 23,874 members.
Provided outstanding personal and remote access to financial services. In addition to four in-person branches, My Credit Union members accessed financial service through the use of 4 surcharge free atm's, over 6,085 Credit cards, over 22,747 debit cards, and nearly 13,356 members using our internet banking site.
Provided consumer, mortgage and business loan services to members. Granted 987 loans in 2023 which exceeded $31,433,939 in new loan disbursements. Total of all loans outstanding was over $333,109,095 at year end.
Financials for My Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $17,760,182 | $16,935,004 | 4.9% |
| Investment income and dividends | $449,642 | $288,429 | 55.9% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $8,792 | $-68,714 | 112.8% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $439,564 | $966,021 | -54.5% |
| Total revenues | $18,658,180 | $18,120,740 | 3% |
Organizations like My Credit Union
| Organization | Type | Location | Revenue |
|---|
| 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 |
| Northridge Community Credit Union | 501(c)(14) | Hoyt Lakes, MN | $8,252,675 |
| Leading Edge Credit Union | 501(c)(14) | Worthington, MN | $8,422,524 |
| Greater Community Credit Union | 501(c)(14) | Dawson, MN | $12,614,357 |
| Southpoint Financial Credit Union | 501(c)(14) | Sleepy Eye, MN | $26,142,892 |
| Ideal Credit Union | 501(c)(14) | Woodbury, MN | $56,178,125 |
| Novation Credit Union | 501(c)(14) | Oakdale, MN | $11,293,465 |
| Members Cooperative Credit Union (MCCU) | 501(c)(14) | Duluth, MN | $60,672,514 |
| Harbor Pointe Credit Union (DTCU) | 501(c)(14) | Duluth, MN | $7,586,329 |
Data update history
January 23, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 11, 2025
Used new vendors
Identified 4 new vendors, including , , , and
January 11, 2025
Updated personnel
Identified 3 new personnel
January 4, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 25, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
- Address
- 9550 Lyndale Ave South
- Bloomington, MN 55420
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- County
- Hennepin County, MN
- Website URL
- mymncu.org/Â
- Phone
- (612) 798-7176
- Facebook page
- RichfieldBloomingtonCreditUnionÂ
IRS details
- EIN
- 41-0824021
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1957
- 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 My Credit Union has new information, or want to find more organizations like My Credit Union?
Create free Cause IQ account