Skip to main content
Filing year 2024

RED WING CREDIT UNION

Red Wing, Minnesota·EIN 41-0793629·14
Total revenue
$9.5M
Total assets
$189.6M
Total expenses
$7.4M
Reported officers
9
Mission

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

Executive compensation, broken down

Form 990 · Schedule J · 9 reported individuals · Filing year 2024

$346k
$372k
Base
$198k
Bonus
$23k
Other
$110k
Benefits
$941
Director
board member
$1k
$1k
Vice Chairman
board vice chair
$1k
$1k
Director
board member
$1k
$1k
Chair
board chair
$1k
$1k
Director
board member
$1k
$1k
Director
board member
$900
$968
Secretary
officer (unspecified)
$700
$753

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 58%
from 2023

From $220k in 2023 to $346k in 2024.

$220k
2023
$346k
2024
In today's dollarsEst.
Up 53% in real terms$243k to $372k

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

RED WING CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$7.7M
$5.9M
2023
$9.5M
$7.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.