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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 Minnco Credit Union

Minnco Credit Union

Fiscal year ending 2024. Filed on May 15, 2025.

2215 3rd Ave NE
Cambridge, Minnesota 55008

Minnco Credit Union (EIN: 41-0174775) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Minnco Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 129 total employees. Among the employees shown here, the average compensation is $240,082. The highest compensated employee at Minnco Credit Union is Doug Hallstrom with fiscal year 2024 compensation of $506,439.

Revenue, expenses, and employee compensation

Revenue

$26,953,300

Expenses

$24,074,295

Employee compensation

$8,469,369
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Doug Hallstrom
President
$506,439
$454,920 No related comp$51,519
John Wendland
Executive Vice President Administration and General Counsel
$241,779
$195,932 No related comp$45,847
Todd Sanders
Senior Vice President, Lending
$180,932
$149,093 No related comp$31,839
Rick Borchardt
Senior Vice President, Finance
$179,165
$152,875 No related comp$26,290
Anita Quaglia
Senior Vice President Member Experience
$167,829
$136,914 No related comp$30,915
Kirstin Bruss
Senior Vice President, Operations
$164,349
$150,091 No related comp$14,258

Benchmark Employee Compensation

Non-Employee Board Members

Jerry Schleicher
Chair
$573
$573 No related compNo other comp
Richard Soderberg
Board Member
$463
$463 No related compNo other comp
Laurie Garnas
Board Member
$404
$404 No related compNo other comp
Kory Erickson
Board Member
$379
$379 No related compNo other comp
Dave Maurer
Board Member
$354
$354 No related compNo other comp
Wayne Anderson
Board Member
$266
$266 No related compNo other comp

Mission Statement

state chartered credit union to promote thrift and to provide source of credit for 33,860 members.

Revisions to this organization profile

May 15, 2025:
2024 Minnco Credit Union 990 filed
June 5, 2024:
2023 Minnco Credit Union 990 filed
May 15, 2023:
2022 Minnco Credit Union 990 filed

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Other organizations also named Minnco Credit Union

Minnco Credit Union Foundation Inc.
North Branch, Minnesota