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Filing year 2024

MINNCO CREDIT UNION

Cambridge, Minnesota·EIN 41-0174775·501(c)(14)
Total revenue
$27M
Total assets
$523.4M
Total expenses
$24.1M
Reported officers
12
Mission

state chartered credit union - nurturing relationships . . . exceeding expectations

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Above 90th percentile
$506k
$540k
Base
$392k
Bonus
$63k
Other
$12k
Benefits
EVP Administration and General Counsel
Executive Vice President
Median to 75th percentile
$242k
$258k
Base
$205k
Bonus
$7k
Other
Benefits
SVP Lending
Senior Vice President
25th percentile to median
$181k
$193k
SVP Finance
Senior Vice President
25th percentile to median
$179k
$191k
Base
$147k
Bonus
$5k
Other
Benefits
SVP Member Experience
Senior Vice President
25th percentile to median
$168k
$179k
SVP Operations
Senior Vice President
25th percentile to median
$164k
$175k
Base
$145k
Bonus
$5k
Other
Benefits
Chairperson
Board Chair
Below 10th percentile
$573
$611
Board Member
Below 10th percentile
$463
$494
Board Member
Below 10th percentile
$404
$431
Board Member
Below 10th percentile
$379
$404
Board Member
Below 10th percentile
$354
$378
Board Member
Below 10th percentile
$266
$284

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 6%
from 2023

From $479k in 2023 to $506k in 2024.

$479k
2023
$506k
2024
In today's dollarsEst.
Up 3% in real terms$524k to $540k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 6% from 2023 to 2024, while revenue rose 22%.

$479k in 2023 to $506k in 2024.
  • Senior Vice President pay fell 27% from 2023 to 2024.
  • Board Chair pay fell 4% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Revenue and expenses over time

MINNCO CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$22M
$19M
2023
$27M
$24.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MINNCO CREDIT UNION

What does the Chief Executive Officer of MINNCO CREDIT UNION earn?

In 2024, the Chief Executive Officer of MINNCO CREDIT UNION received $506,439 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 MINNCO CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MINNCO CREDIT UNION falls in the top 10%.

What are MINNCO CREDIT UNION's revenue and expenses?

In 2024, MINNCO CREDIT UNION reported $27M in total revenue and $24.1M in total expenses on its IRS Form 990.

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