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  4. Soo Line Credit Union (SLCU)
EIN 41-0547860

Soo Line Credit Union (SLCU)

IRS 501(c) type
501(c)(14)
Num. employees
0
City
Savage
State
Minnesota
Year formed
1927
Most recent tax filings
2019-04-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Notice
This nonprofit is terminated or no longer active
SLCU may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
To provide lending, savings and other financial services to the Credit union's qualifying members at terms generally better than available in the marketplace and with a "service-based emphasis" that recognizes the members' status as "owners".
Related structure
SLCU is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Also known as...
Soo Line Credit Union Credit Unions in the State of Minnesota
Total revenues
$2,127,710
2018
Total expenses
$2,243,384
2018
Total assets
$41,814,361
2018
Num. employees
0
2018

Program areas at SLCU

Dividends and interest paid to members on approximately 15,249 deposit accounts held by approximately 7,030 members.
Provided access for members via home banking, atm networks and in person at the Credit Union office as well as recorded member account activity.
Provided savings deposit services, originated new loans and service loan portfolios for members.

Personnel at SLCU

NameTitleCompensation
Mark JohnsonChairman$0
Christopher J GoebelDirector$0
Karl NessetChief Financial Officer$0
Judy MitchellSecretary$0
Sara QuigglePast Chief Financial Officer$0
...and 1 more key personnel

Financials for SLCU

RevenuesFYE 12/2018
Total grants, contributions, etc.$0
Program services$1,969,642
Investment income and dividends$158,528
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-9,460
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$9,000
Total revenues$2,127,710

Form 990s for SLCU

Fiscal year endingDate received by IRSFormPDF link
2019-042019-10-01990OView PDF
2018-122019-09-23990View PDF
2017-122019-03-15990View PDF
2016-122018-01-18990View PDF
2015-122017-03-30990OView PDF
...and 6 more Form 990s
Data update history
October 2, 2020
Posted financials
Added Form 990 for fiscal year 2017
September 23, 2020
Posted financials
Added Form 990 for fiscal year 2019
April 4, 2020
Posted financials
Added Form 990 for fiscal year 2018
March 25, 2020
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelNo full-time employeesTerminated
General information
Address
14327 Huntington Ave South
Savage, MN 55378
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Scott County, MN
Website URL
mymagnifi.org/mergers.html 
Phone
(952) 895-5277
Facebook page
SooLineCU 
IRS details
EIN
41-0547860
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1927
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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