THE CREDIT UNION PROVIDES FINANCIAL SERVICES, INVESTMENT OPTIONS, AND LOANS FOR APPOXIMATELY 17,200 MEMBERS IN WEST CENTRAL MINNESOTA. THE CREDIT UNION HAS LOCATIONS IN MONTEVIDEO, BENSON, CANBY AND WILLMAR.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $280k
- Bonus
- $9k
- Other
- —
- Benefits
- $17k
- Base
- $178k
- Bonus
- $6k
- Other
- —
- Benefits
- $12k
- Base
- $127k
- Bonus
- $5k
- Other
- —
- Benefits
- $12k
- Base
- $123k
- Bonus
- $5k
- Other
- —
- Benefits
- $14k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo Above 90th percentile | $280k | $9k | — | $17k | $377k $405k |
Chief Credit Officer Key Employee Median to 75th percentile | $178k | $6k | — | $12k | $211k $227k |
CFO Median to 75th percentile | $127k | $5k | — | $12k | $156k $167k |
Loan Officer Highest Compensated Employee 25th percentile to median | $123k | $5k | — | $14k | $152k $164k |
Loan Officer Highest Compensated Employee 25th percentile to median | — | — | — | — | $132k $142k |
Branch Manager/loan Officer Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $116k $124k |
Secretary Board Secretary 10th to 25th percentile | — | — | — | — | $728 $783 |
Board Officer Board Member Below 10th percentile | — | — | — | — | $635 $683 |
Chairperson Board Chair Below 10th percentile | — | — | — | — | $625 $672 |
Board Member Below 10th percentile | — | — | — | — | $613 $659 |
Vice Chairperson Board Vice Chair Below 10th percentile | — | — | — | — | $575 $619 |
Board Member Below 10th percentile | — | — | — | — | $570 $613 |
Supervisory Chairperson Board Chair Below 10th percentile | — | — | — | — | $428 $460 |
Board Member Below 10th percentile | — | — | — | — | $353 $380 |
Supervisory Member Board Member Below 10th percentile | — | — | — | — | $228 $245 |
Supervisory Member Board Member Below 10th percentile | — | — | — | — | $203 $218 |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Up 10%
from 2023
From $341k in 2023 to $377k in 2024.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 10% from 2023 to 2024, while revenue rose 19%.
- Key Employee pay rose 8% from 2023 to 2024.
- Chief Financial Officer pay rose 25% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
CO-OP CREDIT UNION OF MONTEVIDEO reported revenue and expenses across 2 filing years.
Common questions about CO-OP CREDIT UNION OF MONTEVIDEO
What does the Chief Executive Officer of CO-OP CREDIT UNION OF MONTEVIDEO earn?
In 2024, the Chief Executive Officer of CO-OP CREDIT UNION OF MONTEVIDEO received $376,598 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at CO-OP CREDIT UNION OF MONTEVIDEO compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at CO-OP CREDIT UNION OF MONTEVIDEO falls in the top 10%.
What are CO-OP CREDIT UNION OF MONTEVIDEO's revenue and expenses?
In 2024, CO-OP CREDIT UNION OF MONTEVIDEO reported $20.2M in total revenue and $15.7M in total expenses on its IRS Form 990.
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