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MINNCO CREDIT UNION

EIN 41-0174775 CAMBRIDGE, MN

Largest nonprofits in Minnesota

Revenue 2025
$32,345,803
Expenses 2025
$28,837,066

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
14
Classification
1000
Street
2215 3RD AVE NE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of CREDIT UNIONS IN THE STATE OF MINNESOTA (EIN 41-6053882). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2025

Mission

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

Activities or mission (Part I)

state chartered credit union to promote thrift and to provide source of credit for 36,957 members.

  • Organization granted 57,554 loans to credit seeking members.

  • Organization provided account-level services in exchange for fees.

  • Organization collected premiums from members for credit protection and earned revenue based on member credit card activity.

  • Investments

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Doug Hallstrom

    President

    Total calculated
    $551,874
    From this org
    $502,446
    From related orgs
    $0
    Other
    $49,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $445,413
    Bonus
    $45,278
    Other
    $11,755
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $502,446
  • John Wendland

    EVP Administration and General Counsel

    Total calculated
    $269,675
    From this org
    $225,483
    From related orgs
    $0
    Other
    $44,192
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,883
    Bonus
    $10,600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $225,483
  • Anita Quaglia

    SVP Member Experience

    Total calculated
    $197,785
    From this org
    $166,127
    From related orgs
    $0
    Other
    $31,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,575
    Bonus
    $17,552
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $166,127
  • Rick Borchardt

    SVP Finance

    Total calculated
    $189,472
    From this org
    $164,493
    From related orgs
    $0
    Other
    $24,979
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,591
    Bonus
    $7,902
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $164,493
  • Todd Sanders

    SVP Lending

    Total calculated
    $188,448
    From this org
    $161,731
    From related orgs
    $0
    Other
    $26,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,829
    Bonus
    $7,902
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,731
  • Kirstin Bruss

    SVP Operations

    Total calculated
    $173,653
    From this org
    $158,588
    From related orgs
    $0
    Other
    $15,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,036
    Bonus
    $7,552
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $158,588
  • Jerry Schleicher

    Chairperson

    Total calculated
    $587
    From this org
    $587
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Dave Maurer

    Board Member

    Total calculated
    $337
    From this org
    $337
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Richard Soderberg

    Board Member

    Total calculated
    $325
    From this org
    $325
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Kory Erickson

    Board Member

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Laurie Garnas

    Board Member

    Total calculated
    $287
    From this org
    $287
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Wayne Anderson

    Board Member

    Total calculated
    $275
    From this org
    $275
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Ryan Nelson

    Board Member

    Total calculated
    $275
    From this org
    $275
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $32,345,803
    Expenses
    $28,837,066
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $26,953,300
    Expenses
    $24,074,295
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $22,040,179
    Expenses
    $18,958,431
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $18,225,983
    Expenses
    $13,370,723
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $17,267,094
    Expenses
    $12,109,434
    Assets (EOY)
    $474,930,178
  • 2020 · 990

    Revenue
    $16,147,841
    Expenses
    $13,731,181
    Assets (EOY)
    $406,346,048
  • 2019 · 990

    Revenue
    $14,367,472
    Expenses
    $12,197,463
    Assets (EOY)
    $324,556,258
  • 2018 · 990

    Revenue
    $14,022,008
    Expenses
    $11,378,178
    Assets (EOY)
    $303,036,852
  • 2017 · 990

    Revenue
    $12,945,122
    Expenses
    $9,872,565
    Assets (EOY)
    $280,385,220
  • 2016 · 990

    Revenue
    $11,675,677
    Expenses
    $9,634,926
    Assets (EOY)
    $259,913,606
  • 2015 · 990

    Revenue
    $11,167,043
    Expenses
    $8,854,753
    Assets (EOY)
    $237,819,119
  • 2014 · 990

    Revenue
    $10,874,743
    Expenses
    $9,144,420
    Assets (EOY)
    $217,755,888
  • 2013 · 990

    Revenue
    $10,754,404
    Expenses
    $9,033,134
    Assets (EOY)
    $204,711,057
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $9,524,184
    Assets (EOY)
    $191,601,013

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.