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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Cooperative Credit Union of Montevideo

Cooperative Credit Union of Montevideo

Fiscal year ending 2024. Filed on November 14, 2025.

2407 E Hwy 7 PO Box 447
Montevideo, Minnesota 56265

Cooperative Credit Union of Montevideo (EIN: 41-0693272) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Cooperative Credit Union of Montevideo, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 83 total employees. Among the employees shown here, the average compensation is $190,555. The highest compensated employee at Cooperative Credit Union of Montevideo is Kayla Reiffenberger with fiscal year 2024 compensation of $376,598.

Revenue, expenses, and employee compensation

Revenue

$20,157,881

Expenses

$15,732,673

Employee compensation

$4,309,673
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kayla Reiffenberger
President and Chief Executive Officer
$376,598
$281,926 No related comp$94,672
Daniel Pieper
Chief Credit Officer
$211,230
$171,685 No related comp$39,545
Anna Spray
Chief Financial Officer
$155,660
$128,194 No related comp$27,466
Loren Hansen
Loan Officer
$152,204
$121,118 No related comp$31,086
Ryan Epema
Loan Officer
$131,941
$100,422 No related comp$31,519
Cheri Hughes
Branch Manager/Loan Officer
$115,694
$106,646 No related comp$9,048

Benchmark Employee Compensation

Non-Employee Board Members

Peter Schmitz
Secretary
$728
$728 No related compNo other comp
Mark Tastad
Board Officer
$635
$635 No related compNo other comp
Jason French
Chair
$625
$625 No related compNo other comp
Kyle Kranz
Board Member
$613
$613 No related compNo other comp
Diane Dieter
Vice Chair
$575
$575 No related compNo other comp
Jennifer Stryhn
Board Member
$570
$570 No related compNo other comp
Barb Pederson
Supervisory Chairperson
$428
$428 No related compNo other comp
Patrick Carruth
Board Member
$353
$353 No related compNo other comp
Aaron Jaenisch
Supervisory Member
$228
$228 No related compNo other comp
Ronda Olson
Supervisory Member
$203
$203 No related compNo other comp

Contractors

Fiserv
Computer Software/Cards/Supplies
$660,746
Jack Henry & Associates
Core Operating System
$585,749
Marco Technologies LLC
Technology
$203,874
Arca
Tcr
$167,387
Visa USA Inc.
Card
$144,511

Mission Statement

THE CREDIT UNION PROVIDES FINANCIAL SERVICES, INVESTMENT OPTIONS, AND LOANS FOR APPROXIMATELY 17,200 MEMBERS IN WEST CENTRAL MINNESOTA. THE CREDIT UNION HAS LOCATIONS IN MONTEVIDEO, BENSON, CANBY AND WILLMAR.

Revisions to this organization profile

November 14, 2025:
2024 Cooperative Credit Union of Montevideo 990 filed
November 15, 2024:
2023 Cooperative Credit Union of Montevideo 990 filed
November 14, 2023:
2022 Cooperative Credit Union of Montevideo 990 filed

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