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Employer Identification Number 41-0693272

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

Company Name:COOP CREDIT UNION OF MONTEVIDEO
Employer identification number (EIN):41-0693272
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration COOP CREDIT UNION OF MONTEVIDEO 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 StatementTHE CREDIT UNION PROVIDES FINANCIAL SERVICES, INVESTMENT OPTIONS, AND LOANS FOR APPROXIMATELY 13,000 MEMBERS IN WEST CENTRAL MINNESOTA. THE CREDIT UNION HAS LOCATIONS IN MONTEVIDEO, BENSON, CANBY AND WILLMAR.
Number of Employees53
Number of Volunteers0
Year Formed1940

Organization Governance

Legal DomicileMN
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2024-12-31
Total unrelated business incomeUSD $ 19,161
Net unrelated business incomeUSD $ 19,161
Program Service Revenue from prior yearUSD $ 14,491,924
Program Service Revenue from current yearUSD $ 17,620,073
Investment Income from prior yearUSD $ 2,462,230
Investment Income from current yearUSD $ 2,537,808
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 20,157,881
Net assets / fund balances at end of fiscal yearUSD $ 55,951,588
Net assets / fund balances at beginning of fiscal yearUSD $ 51,526,380
Total liabilities at end of fiscal yearUSD $ 318,527,570
Total liabilities at beginning of fiscal yearUSD $ 307,522,715
Total assets at end of fiscal yearUSD $ 374,479,158
Total assets at beginning of fiscal yearUSD $ 359,049,095
Revenues less expenses for current yearUSD $ 4,425,208
Revenues less expenses for previous yearUSD $ 4,251,008
Total expenses for current yearUSD $ 15,732,673
Total expenses for previous yearUSD $ 12,703,146
Other expenses in current yearUSD $ 4,314,194
Other expenses in previous yearUSD $ 4,355,598
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 $ 4,309,673
Employee salary and benefits paid in previous yearUSD $ 4,232,910
Benefits paid to or for members in current yearUSD $ 7,108,806
Benefits paid to or for members in previous yearUSD $ 4,114,638
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 20,157,881
Total revenue in previous fiscal yearUSD $ 16,954,154
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 0
2023-12-31
Total unrelated business incomeUSD $ 19,014
Net unrelated business incomeUSD $ 19,014
Program Service Revenue from prior yearUSD $ 12,056,554
Program Service Revenue from current yearUSD $ 14,491,924
Investment Income from prior yearUSD $ 1,665,818
Investment Income from current yearUSD $ 2,462,230
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 16,954,154
Net assets / fund balances at end of fiscal yearUSD $ 51,526,380
Net assets / fund balances at beginning of fiscal yearUSD $ 47,275,372
Total liabilities at end of fiscal yearUSD $ 307,522,715
Total liabilities at beginning of fiscal yearUSD $ 312,234,540
Total assets at end of fiscal yearUSD $ 359,049,095
Total assets at beginning of fiscal yearUSD $ 359,509,912
Revenues less expenses for current yearUSD $ 4,251,008
Revenues less expenses for previous yearUSD $ 4,481,809
Total expenses for current yearUSD $ 12,703,146
Total expenses for previous yearUSD $ 9,240,563
Other expenses in current yearUSD $ 4,355,598
Other expenses in previous yearUSD $ 3,785,535
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 $ 4,232,910
Employee salary and benefits paid in previous yearUSD $ 3,953,908
Benefits paid to or for members in current yearUSD $ 4,114,638
Benefits paid to or for members in previous yearUSD $ 1,501,120
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 16,954,154
Total revenue in previous fiscal yearUSD $ 13,722,372
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 0
2022-12-31
Total unrelated business incomeUSD $ 18,600
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 13,336,245
Program Service Revenue from current yearUSD $ 12,056,554
Investment Income from prior yearUSD $ 472,032
Investment Income from current yearUSD $ 1,665,818
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 13,722,372
Net assets / fund balances at end of fiscal yearUSD $ 47,275,372
Net assets / fund balances at beginning of fiscal yearUSD $ 42,793,563
Total liabilities at end of fiscal yearUSD $ 312,234,540
Total liabilities at beginning of fiscal yearUSD $ 286,030,284
Total assets at end of fiscal yearUSD $ 359,509,912
Total assets at beginning of fiscal yearUSD $ 328,823,847
Revenues less expenses for current yearUSD $ 4,481,809
Revenues less expenses for previous yearUSD $ 4,743,794
Total expenses for current yearUSD $ 9,240,563
Total expenses for previous yearUSD $ 9,064,483
Other expenses in current yearUSD $ 3,785,535
Other expenses in previous yearUSD $ 3,220,410
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 $ 3,953,908
Employee salary and benefits paid in previous yearUSD $ 3,720,716
Benefits paid to or for members in current yearUSD $ 1,501,120
Benefits paid to or for members in previous yearUSD $ 2,123,357
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 13,722,372
Total revenue in previous fiscal yearUSD $ 13,808,277
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Revenue from membership duesUSD $ 0
Total of other revenueUSD $ 0
2021-12-31
Total unrelated business incomeUSD $ 20,038
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 12,090,411
Program Service Revenue from current yearUSD $ 13,336,245
Investment Income from prior yearUSD $ 453,761
Investment Income from current yearUSD $ 472,032
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 13,808,277
Net assets / fund balances at end of fiscal yearUSD $ 42,793,563
Net assets / fund balances at beginning of fiscal yearUSD $ 38,049,769
Total liabilities at end of fiscal yearUSD $ 286,030,284
Total liabilities at beginning of fiscal yearUSD $ 232,846,332
Total assets at end of fiscal yearUSD $ 328,823,847
Total assets at beginning of fiscal yearUSD $ 270,896,101
Revenues less expenses for current yearUSD $ 4,743,794
Revenues less expenses for previous yearUSD $ 4,120,711
Total expenses for current yearUSD $ 9,064,483
Total expenses for previous yearUSD $ 8,423,461
Other expenses in current yearUSD $ 3,220,410
Other expenses in previous yearUSD $ 3,507,558
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 $ 3,720,716
Employee salary and benefits paid in previous yearUSD $ 3,471,347
Benefits paid to or for members in current yearUSD $ 2,123,357
Benefits paid to or for members in previous yearUSD $ 1,444,556
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 13,808,277
Total revenue in previous fiscal yearUSD $ 12,544,172
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Revenue from membership duesUSD $ 0
Total of other revenueUSD $ 0
2020-12-31
Total unrelated business incomeUSD $ 16,781
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 10,540,324
Program Service Revenue from current yearUSD $ 12,090,411
Investment Income from prior yearUSD $ 788,313
Investment Income from current yearUSD $ 453,761
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 12,544,172
Net assets / fund balances at end of fiscal yearUSD $ 38,049,769
Net assets / fund balances at beginning of fiscal yearUSD $ 33,929,058
Total liabilities at end of fiscal yearUSD $ 232,846,332
Total liabilities at beginning of fiscal yearUSD $ 180,893,984
Total assets at end of fiscal yearUSD $ 270,896,101
Total assets at beginning of fiscal yearUSD $ 214,823,042
Revenues less expenses for current yearUSD $ 4,120,711
Revenues less expenses for previous yearUSD $ 3,534,857
Total expenses for current yearUSD $ 8,423,461
Total expenses for previous yearUSD $ 7,793,780
Other expenses in current yearUSD $ 3,507,558
Other expenses in previous yearUSD $ 3,174,323
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 $ 3,471,347
Employee salary and benefits paid in previous yearUSD $ 3,091,719
Benefits paid to or for members in current yearUSD $ 1,444,556
Benefits paid to or for members in previous yearUSD $ 1,527,738
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 12,544,172
Total revenue in previous fiscal yearUSD $ 11,328,637
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 0
2019-12-31
Total unrelated business incomeUSD $ 9,093
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 9,115,326
Program Service Revenue from current yearUSD $ 10,540,324
Investment Income from prior yearUSD $ 571,536
Investment Income from current yearUSD $ 788,313
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 11,328,637
Net assets / fund balances at end of fiscal yearUSD $ 33,929,058
Net assets / fund balances at beginning of fiscal yearUSD $ 30,394,201
Total liabilities at end of fiscal yearUSD $ 180,893,984
Total liabilities at beginning of fiscal yearUSD $ 166,416,476
Total assets at end of fiscal yearUSD $ 214,823,042
Total assets at beginning of fiscal yearUSD $ 196,810,677
Revenues less expenses for current yearUSD $ 3,534,857
Revenues less expenses for previous yearUSD $ 3,269,601
Total expenses for current yearUSD $ 7,793,780
Total expenses for previous yearUSD $ 6,417,261
Other expenses in current yearUSD $ 3,174,323
Other expenses in previous yearUSD $ 2,519,907
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 $ 3,091,719
Employee salary and benefits paid in previous yearUSD $ 2,925,825
Benefits paid to or for members in current yearUSD $ 1,527,738
Benefits paid to or for members in previous yearUSD $ 971,529
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 11,328,637
Total revenue in previous fiscal yearUSD $ 9,686,862
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Revenue from membership duesUSD $ 0
Total of other revenueUSD $ 0
2018-12-31
Total unrelated business incomeUSD $ 8,990
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 7,860,584
Program Service Revenue from current yearUSD $ 9,115,326
Investment Income from prior yearUSD $ 442,085
Investment Income from current yearUSD $ 571,536
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 9,686,862
Net assets / fund balances at end of fiscal yearUSD $ 30,394,201
Net assets / fund balances at beginning of fiscal yearUSD $ 27,133,499
Total liabilities at end of fiscal yearUSD $ 166,416,476
Total liabilities at beginning of fiscal yearUSD $ 155,879,113
Total assets at end of fiscal yearUSD $ 196,810,677
Total assets at beginning of fiscal yearUSD $ 183,012,612
Revenues less expenses for current yearUSD $ 3,269,601
Revenues less expenses for previous yearUSD $ 2,683,645
Total expenses for current yearUSD $ 6,417,261
Total expenses for previous yearUSD $ 5,619,024
Other expenses in current yearUSD $ 2,519,907
Other expenses in previous yearUSD $ 2,435,904
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 $ 2,925,825
Employee salary and benefits paid in previous yearUSD $ 2,555,039
Benefits paid to or for members in current yearUSD $ 971,529
Benefits paid to or for members in previous yearUSD $ 628,081
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 9,686,862
Total revenue in previous fiscal yearUSD $ 8,302,669
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 0
2017-12-31
Total unrelated business incomeUSD $ 8,281
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 7,118,551
Program Service Revenue from current yearUSD $ 7,860,584
Investment Income from prior yearUSD $ 376,196
Investment Income from current yearUSD $ 442,085
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 8,302,669
Net assets / fund balances at end of fiscal yearUSD $ 27,133,499
Net assets / fund balances at beginning of fiscal yearUSD $ 24,439,369
Total liabilities at end of fiscal yearUSD $ 155,879,113
Total liabilities at beginning of fiscal yearUSD $ 145,780,201
Total assets at end of fiscal yearUSD $ 183,012,612
Total assets at beginning of fiscal yearUSD $ 170,219,570
Revenues less expenses for current yearUSD $ 2,683,645
Revenues less expenses for previous yearUSD $ 2,426,523
Total expenses for current yearUSD $ 5,619,024
Total expenses for previous yearUSD $ 5,068,224
Other expenses in current yearUSD $ 2,435,904
Other expenses in previous yearUSD $ 2,210,988
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 $ 2,555,039
Employee salary and benefits paid in previous yearUSD $ 2,410,467
Benefits paid to or for members in current yearUSD $ 628,081
Benefits paid to or for members in previous yearUSD $ 446,769
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 8,302,669
Total revenue in previous fiscal yearUSD $ 7,494,747
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 0
2016-12-31
Total unrelated business incomeUSD $ 7,139
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 6,290,912
Program Service Revenue from current yearUSD $ 7,118,551
Investment Income from prior yearUSD $ 306,501
Investment Income from current yearUSD $ 376,196
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 7,494,747
Net assets / fund balances at end of fiscal yearUSD $ 24,439,369
Net assets / fund balances at beginning of fiscal yearUSD $ 21,999,995
Total liabilities at end of fiscal yearUSD $ 145,780,201
Total liabilities at beginning of fiscal yearUSD $ 142,161,794
Total assets at end of fiscal yearUSD $ 170,219,570
Total assets at beginning of fiscal yearUSD $ 164,161,789
Revenues less expenses for current yearUSD $ 2,426,523
Revenues less expenses for previous yearUSD $ 1,879,169
Total expenses for current yearUSD $ 5,068,224
Total expenses for previous yearUSD $ 4,718,244
Other expenses in current yearUSD $ 2,210,988
Other expenses in previous yearUSD $ 1,993,364
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 $ 2,410,467
Employee salary and benefits paid in previous yearUSD $ 2,341,307
Benefits paid to or for members in current yearUSD $ 446,769
Benefits paid to or for members in previous yearUSD $ 383,573
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 7,494,747
Total revenue in previous fiscal yearUSD $ 6,597,413
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 0
2015-12-31
Total unrelated business incomeUSD $ 6,868
Net unrelated business incomeUSD $ -4,207
Program Service Revenue from prior yearUSD $ 6,047,389
Program Service Revenue from current yearUSD $ 6,290,912
Investment Income from prior yearUSD $ 302,865
Investment Income from current yearUSD $ 306,501
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 6,597,413
Net assets / fund balances at end of fiscal yearUSD $ 21,999,995
Net assets / fund balances at beginning of fiscal yearUSD $ 20,120,211
Total liabilities at end of fiscal yearUSD $ 142,161,794
Total liabilities at beginning of fiscal yearUSD $ 127,114,294
Total assets at end of fiscal yearUSD $ 164,161,789
Total assets at beginning of fiscal yearUSD $ 147,234,505
Revenues less expenses for current yearUSD $ 1,879,169
Revenues less expenses for previous yearUSD $ 1,944,216
Total expenses for current yearUSD $ 4,718,244
Total expenses for previous yearUSD $ 4,406,038
Other expenses in current yearUSD $ 1,993,364
Other expenses in previous yearUSD $ 1,824,616
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 $ 2,341,307
Employee salary and benefits paid in previous yearUSD $ 2,187,698
Benefits paid to or for members in current yearUSD $ 383,573
Benefits paid to or for members in previous yearUSD $ 393,724
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 6,597,413
Total revenue in previous fiscal yearUSD $ 6,350,254
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 410693272

USA Location Address
2407 E HIGHWAY 7
MONTEVIDEO
MN
56265
Date first seen: 2007-07-01
Date last seen: 2025-12-31
USA Location Address
PO BOX 447
MONTEVIDEO
MN
562650472
Date first seen: 2018-05-24
Date last seen: 2024-06-12
401k Sponsor USA Address
PO BOX 447
MONTEVIDEO
MN
562650472
Date first seen: 2025-06-06
Date last seen: 2025-06-06

Nearby companies/organizations

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

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