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Employer Identification Number 41-0518425

SOUTHPOINT FINANCIAL CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:SOUTHPOINT FINANCIAL CREDIT UNION
Employer identification number (EIN):41-0518425
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration SOUTHPOINT FINANCIAL CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementSOUTHPOINT FINANCIAL CREDIT UNION EMPOWERS MEMBERS TO ACHIEVE THEIR GOALS AND DREAMS BY PROVIDING EXCEPTIONAL SERVICE AND GUIDANCE. WE ASPIRE TO BECOME THE PRIMARY FINANCIAL INSTITUTION FOR MEMBERS, CONTRIBUTE TO THE WELL-BEING OF OUR COMMUNITIES AND MAINTAIN EARNINGS AND RESERVES WHICH PROMOTE SOUND GROWTH AND ENCOURAGE MEMBER CONFIDENCE AND LOYALTY.
Number of Employees94
Number of Volunteers10
Year Formed1936

Organization Governance

Legal DomicileMN
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 364,349
Net unrelated business incomeUSD $ 9,409
Program Service Revenue from prior yearUSD $ 20,121,281
Program Service Revenue from current yearUSD $ 24,710,206
Investment Income from prior yearUSD $ 1,172,459
Investment Income from current yearUSD $ 1,432,686
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 26,142,892
Net assets / fund balances at end of fiscal yearUSD $ 56,297,582
Net assets / fund balances at beginning of fiscal yearUSD $ 52,706,505
Total liabilities at end of fiscal yearUSD $ 467,764,605
Total liabilities at beginning of fiscal yearUSD $ 480,384,586
Total assets at end of fiscal yearUSD $ 524,062,187
Total assets at beginning of fiscal yearUSD $ 533,091,091
Revenues less expenses for current yearUSD $ 1,419,868
Revenues less expenses for previous yearUSD $ 3,214,984
Total expenses for current yearUSD $ 24,723,024
Total expenses for previous yearUSD $ 18,078,756
Other expenses in current yearUSD $ 10,229,362
Other expenses in previous yearUSD $ 8,552,945
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 8,376,187
Employee salary and benefits paid in previous yearUSD $ 7,528,220
Benefits paid to or for members in current yearUSD $ 6,117,475
Benefits paid to or for members in previous yearUSD $ 1,997,591
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 26,142,892
Total revenue in previous fiscal yearUSD $ 21,293,740
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2022-12-31
Total unrelated business incomeUSD $ 14,177
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 20,927,736
Program Service Revenue from current yearUSD $ 20,121,281
Investment Income from prior yearUSD $ 438,661
Investment Income from current yearUSD $ 1,172,459
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 27,049,949
Net assets / fund balances at end of fiscal yearUSD $ 52,706,505
Net assets / fund balances at beginning of fiscal yearUSD $ 55,057,201
Total liabilities at end of fiscal yearUSD $ 480,384,586
Total liabilities at beginning of fiscal yearUSD $ 454,239,927
Total assets at end of fiscal yearUSD $ 533,091,091
Total assets at beginning of fiscal yearUSD $ 509,297,128
Revenues less expenses for current yearUSD $ 3,214,984
Revenues less expenses for previous yearUSD $ 4,515,875
Total expenses for current yearUSD $ 18,078,756
Total expenses for previous yearUSD $ 16,850,522
Other expenses in current yearUSD $ 8,552,945
Other expenses in previous yearUSD $ 7,876,377
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 7,528,220
Employee salary and benefits paid in previous yearUSD $ 7,123,163
Benefits paid to or for members in current yearUSD $ 1,997,591
Benefits paid to or for members in previous yearUSD $ 1,850,982
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 21,293,740
Total revenue in previous fiscal yearUSD $ 21,366,397
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-12-31
Total unrelated business incomeUSD $ 14,601
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 20,556,785
Program Service Revenue from current yearUSD $ 20,927,736
Investment Income from prior yearUSD $ 336,851
Investment Income from current yearUSD $ 438,661
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 21,368,389
Net assets / fund balances at end of fiscal yearUSD $ 55,057,201
Net assets / fund balances at beginning of fiscal yearUSD $ 51,225,413
Total liabilities at end of fiscal yearUSD $ 454,239,927
Total liabilities at beginning of fiscal yearUSD $ 381,493,253
Total assets at end of fiscal yearUSD $ 509,297,128
Total assets at beginning of fiscal yearUSD $ 432,718,666
Revenues less expenses for current yearUSD $ 4,515,875
Revenues less expenses for previous yearUSD $ 2,461,691
Total expenses for current yearUSD $ 16,850,522
Total expenses for previous yearUSD $ 18,431,945
Other expenses in current yearUSD $ 7,876,377
Other expenses in previous yearUSD $ 8,836,810
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 7,123,163
Employee salary and benefits paid in previous yearUSD $ 6,557,150
Benefits paid to or for members in current yearUSD $ 1,850,982
Benefits paid to or for members in previous yearUSD $ 3,037,985
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 21,366,397
Total revenue in previous fiscal yearUSD $ 20,893,636
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2020-12-31
Total unrelated business incomeUSD $ 13,755
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 17,619,709
Program Service Revenue from current yearUSD $ 20,556,785
Investment Income from prior yearUSD $ 889,637
Investment Income from current yearUSD $ 336,851
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 20,908,227
Net assets / fund balances at end of fiscal yearUSD $ 51,225,413
Net assets / fund balances at beginning of fiscal yearUSD $ 48,633,978
Total liabilities at end of fiscal yearUSD $ 381,493,253
Total liabilities at beginning of fiscal yearUSD $ 321,389,395
Total assets at end of fiscal yearUSD $ 432,718,666
Total assets at beginning of fiscal yearUSD $ 370,023,373
Revenues less expenses for current yearUSD $ 2,461,691
Revenues less expenses for previous yearUSD $ 1,624,680
Total expenses for current yearUSD $ 18,431,945
Total expenses for previous yearUSD $ 16,884,666
Other expenses in current yearUSD $ 8,836,810
Other expenses in previous yearUSD $ 7,286,280
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,557,150
Employee salary and benefits paid in previous yearUSD $ 6,095,657
Benefits paid to or for members in current yearUSD $ 3,037,985
Benefits paid to or for members in previous yearUSD $ 3,502,729
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 20,893,636
Total revenue in previous fiscal yearUSD $ 18,509,346
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2018-12-31
Total unrelated business incomeUSD $ 18,691
Net unrelated business incomeUSD $ 1,630
Program Service Revenue from prior yearUSD $ 13,593,502
Program Service Revenue from current yearUSD $ 15,886,578
Investment Income from prior yearUSD $ 628,572
Investment Income from current yearUSD $ 609,852
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 16,496,430
Net assets / fund balances at end of fiscal yearUSD $ 46,851,178
Net assets / fund balances at beginning of fiscal yearUSD $ 45,113,612
Total liabilities at end of fiscal yearUSD $ 306,883,688
Total liabilities at beginning of fiscal yearUSD $ 289,858,350
Total assets at end of fiscal yearUSD $ 353,734,866
Total assets at beginning of fiscal yearUSD $ 334,971,962
Revenues less expenses for current yearUSD $ 1,761,366
Revenues less expenses for previous yearUSD $ 1,302,551
Total expenses for current yearUSD $ 14,735,064
Total expenses for previous yearUSD $ 12,919,523
Other expenses in current yearUSD $ 6,588,522
Other expenses in previous yearUSD $ 6,134,566
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,808,064
Employee salary and benefits paid in previous yearUSD $ 5,241,047
Benefits paid to or for members in current yearUSD $ 2,338,478
Benefits paid to or for members in previous yearUSD $ 1,543,910
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 16,496,430
Total revenue in previous fiscal yearUSD $ 14,222,074
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2017-12-31
Total unrelated business incomeUSD $ 12,099
Net unrelated business incomeUSD $ -26,605
Program Service Revenue from prior yearUSD $ 12,048,393
Program Service Revenue from current yearUSD $ 13,593,502
Investment Income from prior yearUSD $ 649,769
Investment Income from current yearUSD $ 628,572
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 24,944,449
Net assets / fund balances at end of fiscal yearUSD $ 45,113,612
Net assets / fund balances at beginning of fiscal yearUSD $ 43,851,183
Total liabilities at end of fiscal yearUSD $ 289,858,350
Total liabilities at beginning of fiscal yearUSD $ 264,426,740
Total assets at end of fiscal yearUSD $ 334,971,962
Total assets at beginning of fiscal yearUSD $ 308,277,923
Revenues less expenses for current yearUSD $ 1,302,551
Revenues less expenses for previous yearUSD $ 1,887,691
Total expenses for current yearUSD $ 12,919,523
Total expenses for previous yearUSD $ 10,810,471
Other expenses in current yearUSD $ 6,134,566
Other expenses in previous yearUSD $ 5,125,327
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,241,047
Employee salary and benefits paid in previous yearUSD $ 4,414,030
Benefits paid to or for members in current yearUSD $ 1,543,910
Benefits paid to or for members in previous yearUSD $ 1,271,114
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 14,222,074
Total revenue in previous fiscal yearUSD $ 12,698,162
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2016-12-31
Total unrelated business incomeUSD $ 9,127
Net unrelated business incomeUSD $ -2,788
Program Service Revenue from prior yearUSD $ 1,414,617
Program Service Revenue from current yearUSD $ 12,048,393
Investment Income from prior yearUSD $ 47,218
Investment Income from current yearUSD $ 649,769
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 24,761,772
Net assets / fund balances at end of fiscal yearUSD $ 43,851,183
Net assets / fund balances at beginning of fiscal yearUSD $ 41,978,312
Total liabilities at end of fiscal yearUSD $ 264,426,740
Total liabilities at beginning of fiscal yearUSD $ 251,164,944
Total assets at end of fiscal yearUSD $ 308,277,923
Total assets at beginning of fiscal yearUSD $ 293,143,256
Revenues less expenses for current yearUSD $ 1,887,691
Revenues less expenses for previous yearUSD $ 709,496
Total expenses for current yearUSD $ 10,810,471
Total expenses for previous yearUSD $ 752,339
Other expenses in current yearUSD $ 5,125,327
Other expenses in previous yearUSD $ 316,775
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,414,030
Employee salary and benefits paid in previous yearUSD $ 332,470
Benefits paid to or for members in current yearUSD $ 1,271,114
Benefits paid to or for members in previous yearUSD $ 103,094
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 12,698,162
Total revenue in previous fiscal yearUSD $ 1,461,835
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 410518425

USA Location Address
924 MAIN STREET EAST
SLEEPY EYE
MN
56085
Date first seen: 2007-01-01
Date last seen: 2025-06-30
401k Sponsor USA Address
924 MAIN STREET EAST
SLEEPY EYE
MN
56085
Date first seen: 2007-01-01
Date last seen: 2025-10-14
USA Mailing Address
P.O. BOX 406
SLEEPY EYE
MN
56085
Date first seen: 2025-11-19
Date last seen: 2026-01-08

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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