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Filing year 2024

CO-OP CREDIT UNION OF MONTEVIDEO

Montevideo, Minnesota·EIN 41-0693272·14
Total revenue
$20.2M
Total assets
$374.5M
Total expenses
$15.7M
Reported officers
16
Mission

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 · Schedule J · 16 reported individuals · Filing year 2024

$377k
$405k
Base
$280k
Bonus
$9k
Other
Benefits
$17k
Chief Credit Officer
key employee
$211k
$227k
Base
$178k
Bonus
$6k
Other
Benefits
$12k
Base
$127k
Bonus
$5k
Other
Benefits
$12k
Loan Officer
highest compensated employee
$152k
$164k
Base
$123k
Bonus
$5k
Other
Benefits
$14k
Loan Officer
highest compensated employee
$132k
$142k
Branch Manager/loan Officer
highest compensated employee
$116k
$124k
Secretary
board secretary
$728
$783
Board Officer
board member
$635
$683
Chairperson
board chair
$625
$672
Board Member
board member
$613
$659
Vice Chairperson
board vice chair
$575
$619
Board Member
board member
$570
$613
Supervisory Chairperson
board chair
$428
$460
Board Member
board member
$353
$380
Supervisory Member
board member
$228
$245
Supervisory Member
board member
$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.

$341k
2023
$377k
2024
In today's dollarsEst.
Up 7% in real terms$377k to $405k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CO-OP CREDIT UNION OF MONTEVIDEO reported revenue and expenses across 2 filing years.

RevenueExpenses
$17M
$12.7M
2023
$20.2M
$15.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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