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Filing year 2024

MY CREDIT UNION

Bloomington, Minnesota·EIN 41-0824021·501(c)(14)
Total revenue
$19.1M
Total assets
$376.6M
Total expenses
$18.4M
Reported officers
19
Mission

TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO OUR QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS OWNERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 10 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
$494k
$527k
Base
$346k
Bonus
$68k
Other
$41k
Benefits
$19k
Chief Financial Officer
75th to 90th percentile
$258k
$275k
Base
$185k
Bonus
$38k
Other
$8k
Benefits
$15k
Vice President, Lending
Vice President
75th to 90th percentile
$221k
$236k
Base
$167k
Bonus
$32k
Other
$9k
Benefits
Vice President, IT
Vice President
75th to 90th percentile
$217k
$232k
Base
$166k
Bonus
$34k
Other
$2k
Benefits
$15k
Vice President, Member Ser
Vice President
75th to 90th percentile
$203k
$217k
Base
$160k
Bonus
$31k
Other
$2k
Benefits
VP of Commercial Services
Board Vice President
Median to 75th percentile
$168k
$179k
Base
$111k
Bonus
$15k
Other
$13k
Benefits
$21k
Vice President, HR
Vice President
75th to 90th percentile
$164k
$175k
Base
$112k
Bonus
$23k
Other
$5k
Benefits
$17k
Vice President, Marketing
Vice President
75th to 90th percentile
$158k
$168k
Base
$114k
Bonus
$23k
Other
$7k
Benefits
$7k
Director of IT
Chief Information Officer
25th percentile to median
$135k
$144k
Vice President, Commercial
Vice President
Median to 75th percentile
$120k
$128k

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.

Plus 9 unpaid individuals.

Up 5%
from 2023

From $470k in 2023 to $494k in 2024.

$470k
2023
$494k
2024
In today's dollarsEst.
Up 3% in real terms$513k to $527k

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 5% from 2023 to 2024, while revenue rose 3%.

$470k in 2023 to $494k in 2024.
  • Chief Financial Officer pay fell 1% from 2023 to 2024.
  • Vice President pay rose 6% 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

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

RevenueExpenses
$18.7M
$16.6M
2023
$19.1M
$18.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MY CREDIT UNION

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

In 2024, the Chief Executive Officer of MY CREDIT UNION received $494,293 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 MY 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 MY CREDIT UNION falls in the top 10%.

What are MY CREDIT UNION's revenue and expenses?

In 2024, MY CREDIT UNION reported $19.1M in total revenue and $18.4M in total expenses on its IRS Form 990.

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