Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 41-0417120

MINNESOTA CREDIT UNION NETWORK INC

Tax-exempt · SAINT PAUL, MN 55102

Financials

$2.7M$2.7M2023$2.7M$2.7M2024
Revenue Expenses · by fiscal year end
Financials of MINNESOTA CREDIT UNION NETWORK INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,687,499$2,725,893-$38,394$4,124,101$718,024$3,406,077
December 31, 2023990$2,711,756$2,657,743$54,013$4,232,305$788,503$3,443,802
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,393,966
Investment income
$104,449
Other revenue
$189,084

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$314,576
Other salaries and wages
$995,479
Salaries, compensation and benefits (total)
$1,701,139
Professional fundraising fees
$0
Legal fees
$98,880
Accounting fees
$11,400
Occupancy
$60,735
Travel
$38,202
Depreciation
$13,990
Program services (functional)
$2,725,893

Balance sheet and other

Total assets, start of year
$4,232,305
Total assets, end of year
$4,124,101
Total liabilities, end of year
$718,024
Net assets, end of year
$3,406,077
Land, buildings and equipment
$18,517
Net assets without donor restrictions
$2,570,574
Net assets with donor restrictions
$835,503
Gross receipts
$2,687,499
Employees
16
Volunteers
9
Year formed
1939
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
MARA HUMPHREYPRESIDENT
Officer
38$353,683$16,557
JOHN FERSTLVP
Highest-paid employee
2$12,654$222,821
AARON DEJONGDIRECTOR
Trustee or director
1$0$0
STEVE EWERSVICE CHAIR
Trustee or director
1$0$0
JAY GOSTONCZIKDIRECTOR
Trustee or director
1$0$0
TRINA HOFFDIRECTOR
Trustee or director
1$0$0
DAVE LARSONSECRETARY/TR
Trustee or director
1$0$0
MARY MATHESONDIRECTOR
Trustee or director
1$0$0
RANDY WILLERTDIRECTOR
Trustee or director
1$0$0
GREG WORTHENDIRECTOR
Trustee or director
1$0$0
DANA GARRETTCHAIR
Officer
1$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationFrom related orgs
MARK CUMMINSPRESIDENT
Former
36$305,641$15,639
MARA HUMPHREYPRESIDENT
Officer
38$303,011$13,961
JOHN FERSTLVP
Highest-paid employee
2$22,346$213,669
DEB ALMIRALLDIRECTOR
Trustee or director
1$0$0
AARON DEJONGDIRECTOR
Trustee or director
1$0$0
STEVE EWERSVICE CHAIR
Trustee or director
1$0$0
JAY GOSTONCZIKDIRECTOR
Trustee or director
1$0$0
DAVE LARSONSECRETARY/TR
Trustee or director
1$0$0
MARY MATHESONDIRECTOR
Trustee or director
1$0$0
RANDY WILLERTDIRECTOR
Trustee or director
1$0$0
GREG WORTHENDIRECTOR
Trustee or director
1$0$0
DANA GARRETTCHAIR
Officer
1$0$0

Address and contacts

Address (IRS master file)
555 WABASHA ST N STE 200, SAINT PAUL, MN 55102-1610
Principal officer (990 for 2024)
MARA HUMPHREY, 555 WABASHA STREET NORTH SUITE 20, ST PAUL, MN 55102
Signed the 990
MARA HUMPHREY, PRESIDENT
Phone
(651) 288-5170
Return prepared by
MYSLAJEK KEMP & SPENCER LTD

Mission

THE ORGANIZATION WAS DESIGNED TO ENSURE THE SUCCESS GROWTH AND VITALITY OF OUR MEMBER CREDIT UNIONS BY CREATING A POSITIVE PUBLIC ENVIRONMENT THROUGH LEADERSHIP, POLITICAL ADVOCACY, EDUCATION, AWARENESS AND REGULATORY ASSISTANCE.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION EDUCATES LEGISLATORS AT THE STATE AND FEDERAL LEVEL TO WATCH FOR LEGISLATION THAT IS POTENTIALLY HARMFUL TO THE CREDIT UNION MOVEMENT AND ITS 86 MEMBERS.
  • THE ORGANIZATION PROVIDES A COMPLIANCE AND REGULATORY AVENUE FOR ITS 86 MEMBERS TO GET ANSWERS FOR ALL THEIR COMPLIANCE AND REGULATORY QUESTIONS.
  • DURING THE YEAR THE ORGANIZATION MADE AVAILABLE TO ALL CREDIT UNION EMPLOYEES, DIRECTORS, AND OTHERS AFFILIATED WITH THE CREDIT UNION APPROXIMATELY 100 EDUCATIONAL EVENTS. THESE EVENTS WERE OFFERED VIA CONFERENCES, SEMINARS, AND ROUND TABLE DISCUSSIONS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-0417120
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1944
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,124,101
Income (IRS master file)
$2,687,499

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,687,499$2,725,893$4,124,101XML
990December 2023$2,711,756$2,657,743$4,232,305XML
990December 2022$3,285,374$3,125,713$4,136,357IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0417120).

Questions about MINNESOTA CREDIT UNION NETWORK INC

What is the EIN of MINNESOTA CREDIT UNION NETWORK INC?
The employer identification number (EIN) of MINNESOTA CREDIT UNION NETWORK INC is 41-0417120.
Is MINNESOTA CREDIT UNION NETWORK INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1944.
Are donations to MINNESOTA CREDIT UNION NETWORK INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MINNESOTA CREDIT UNION NETWORK INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MINNESOTA CREDIT UNION NETWORK INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MINNESOTA CREDIT UNION NETWORK INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MINNESOTA CREDIT UNION NETWORK INC?
The 990 for the year ended December 31, 2024 names MARA HUMPHREY.
Who are the officers and directors of MINNESOTA CREDIT UNION NETWORK INC?
The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $353,683 (MARA HUMPHREY, PRESIDENT).
How much revenue does MINNESOTA CREDIT UNION NETWORK INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,687,499, expenses of $2,725,893 and total assets of $4,124,101 at year end.

Other nonprofits in SAINT PAUL

All nonprofits in SAINT PAUL · Minnesota