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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 Southpoint Financial Credit Union

Southpoint Financial Credit Union

Fiscal year ending 2018. Filed on October 7, 2019.

924 Main Street East
Sleepy Eye, Minnesota 56085

Southpoint Financial Credit Union (EIN: 41-0518425) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2018 IRS Form 990 filing, Southpoint Financial Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 5 out of 115 total employees. Among the employees shown here, the average compensation is $193,197. The highest compensated employee at Southpoint Financial Credit Union is Richard Nesvold with fiscal year 2018 compensation of $262,819.

Revenue, expenses, and employee compensation

Revenue

$16,496,430

Expenses

$14,735,064

Employee compensation

$5,808,064
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Nesvold
Chief Executive Officer
$262,819
$233,664 No related comp$29,155
Michael Schmid
Vice President, Business Services
$190,574
$158,482 No related comp$32,092
Patrice Gohl
Vice President, Operations
$184,121
$165,803 No related comp$18,318
Jay Gostonczik
Vice President Retail Services
$171,159
$140,729 No related comp$30,430
Troy Diedrich
Vice President, Marketing
$157,314
$141,509 No related comp$15,805

Benchmark Employee Compensation

Non-Employee Board Members

Gordon Osmonson
Chair
$900
$900 No related compNo other comp
Scott Suprenant
Director
$900
$900 No related compNo other comp
Michael Helget
Secretary and Treasurer
$850
$850 No related compNo other comp
Matthew Lux
Vice Chair
$850
$850 No related compNo other comp
Robert Weiss
Director
$850
$850 No related compNo other comp
Jeffrey Ibberson
Director
$700
$700 No related compNo other comp
Mark Bruggeman
Director
$650
$650 No related compNo other comp

Contractors

Fiserv
Data Processor
$955,580
Thriveon
IT
$354,879
First American Mortgage Solutions
Re Appraisals/Title Work
$196,750
Meridianlink
Consumer Loan/Account Opening System
$122,206
Cliftonlarsonallen
Auditing/Accounting
$118,354

Mission Statement

SOUTHPOINT FINANCIAL CREDIT UNION EMPOWERS MEMBERS TO ACHIEVE THEIR GOALS AND DREAMS BY PROVIDING EXCEPTIONAL SERVICE AND GUIDANCE. WE ASPIRE TO BECOME THE PRIMARY FINANCIAL INSTITUTION FOR MEMBERS, CONTRIBUTE TO THE WELL-BEING OF OUR COMMUNITIES AND MAINTAIN EARNINGS.

Revisions to this organization profile

November 17, 2025:
2024 Southpoint Financial Credit Union 990 filed
November 15, 2024:
2023 Southpoint Financial Credit Union 990 filed
November 15, 2023:
2022 Southpoint Financial Credit Union 990 filed

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Other organizations also named Southpoint Financial Credit Union

Southpoint Financial Credit Union Foundation
Sleepy Eye, Minnesota