Nonprofit · EIN 41-0448160
NSP CREDIT UNION
Tax-exempt · MAPLEWOOD, MN 55109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,010,667 | $2,239,685 | -$229,018 | $36,336,372 | $28,928,779 | $7,407,593 |
| December 31, 2024 | 990 | $2,103,894 | $2,240,516 | -$136,622 | $38,341,337 | $30,976,674 | $7,364,663 |
| December 31, 2023 | 990 | $2,042,492 | $2,159,122 | -$116,630 | $42,668,678 | $35,347,175 | $7,321,503 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,800
- Program service revenue
- $1,869,490
- Investment income
- $129,951
- Royalties
- $4,426
- Net gain from sales of assets
- -$68,945
- Other revenue
- $4,426
Expenses
- Grants and similar amounts paid
- $4,700
- Compensation of officers, directors and key employees
- $141,563
- Other salaries and wages
- $377,650
- Salaries, compensation and benefits (total)
- $708,846
- Professional fundraising fees
- $0
- Legal fees
- $6,404
- Accounting fees
- $3,980
- Occupancy
- $103,356
- Depreciation
- $74,639
Balance sheet and other
- Total assets, start of year
- $38,341,337
- Total assets, end of year
- $36,336,372
- Total liabilities, end of year
- $28,928,779
- Net assets, end of year
- $7,407,593
- Land, buildings and equipment
- $781,789
- Gross unrelated business income
- $192
- Gross receipts
- $3,766,347
- Employees
- 7
- Year formed
- 1933
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLIE YENNI | PRESIDENT/CE Officer | 50 | $137,371 | $43,571 |
| TODD RIEBE | DIRECTOR Trustee or director | 0.75 | $962 | $0 |
| JENNY BORGERSON RIES | SECRETARY Trustee or director, Officer | 0.5 | $616 | $0 |
| CORY BROWN | VICE CHAIR Trustee or director, Officer | 0.5 | $563 | $0 |
| DARREN KARNES | DIRECTOR Trustee or director | 0.5 | $547 | $0 |
| BRANDON CRAMER | CHAIR Trustee or director, Officer | 0.5 | $523 | $0 |
| ALEX AUTIO | DIRECTOR Trustee or director | 0.5 | $516 | $0 |
| CHRISTINE MCGINNIS | TREASURER Trustee or director, Officer | 0.5 | $465 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLIE YENNI | PRESIDENT/CE Officer | 50 | $138,214 | $40,417 |
| TODD RIEBE | DIRECTOR Trustee or director | 1.5 | $1,944 | $0 |
| ALEX AUTIO | DIRECTOR Trustee or director | 0.5 | $698 | $0 |
| CHRISTINE MCGINNIS | TREASURER Trustee or director, Officer | 0.5 | $464 | $0 |
| DARREN KARNES | DIRECTOR Trustee or director | 0.25 | $371 | $0 |
| JENNY BORGERSON RIES | SECRETARY Trustee or director, Officer | 0.25 | $363 | $0 |
| BRANDON CRAMER | CHAIR Trustee or director, Officer | 0.25 | $298 | $0 |
| CORY BROWN | VICE CHAIR Trustee or director, Officer | 0.25 | $263 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLIE YENNI | PRESIDENT/CE Officer | 50 | $117,618 | $37,200 |
| TODD RIEBE | TREASURER Trustee or director, Officer | 1.5 | $2,020 | $0 |
| ALEX AUTIO | DIRECTOR Trustee or director | 0.75 | $893 | $0 |
| DARREN KARNES | DIRECTOR Trustee or director | 0.4 | $492 | $0 |
| JENNY BORGERSON RIES | SECRETARY Trustee or director, Officer | 0.4 | $465 | $0 |
| CHRISTINE MCGINNIS | DIRECTOR Trustee or director | 0.3 | $428 | $0 |
| BRANDON CRAMER | CHAIR Trustee or director, Officer | 0.25 | $384 | $0 |
| CORY BROWN | VICE CHAIR Trustee or director, Officer | 0.25 | $350 | $0 |
Address and contacts
- Address (IRS master file)
- 2303 WHITE BEAR AVE N, MAPLEWOOD, MN 55109-2718
- Principal officer (990 for 2025)
- CHARLIE YENNI, 2303 WHITE BEAR AVE N SUITE A, MAPLEWOOD, MN 55109
- Signed the 990
- CHARLIE YENNI, PRESIDENT/CEO
- Phone
- (651) 228-7668
- Website
- MYNSPCU.ORG
- Return prepared by
- BRENT WOOKEY CPA
Mission
DELIVERING PERSONALIZED SERVICE TO EMPOWER OUR MEMBERS' FINANCIAL DECISIONS.
Program accomplishments
- THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 41 NEW DEPOSIT ACCOUNTS IN 2025. AS OF 12/31/25 WE HAD 2,707 MEMBERS.
- THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 39,446 NEW LOANS DURING 2025. AS OF 12/31/25 WE HAD 126,994 OUTSTANDING LOANS RECEIVABLE.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0448160
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0708: CREDIT UNIONS IN THE STATE OF MINNESOTA
- Assets (IRS master file)
- $36,336,372
- Income (IRS master file)
- $3,766,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,010,667 | $2,239,685 | $36,336,372 | XML |
| 990 | December 2024 | $2,103,894 | $2,240,516 | $38,341,337 | XML |
| 990 | December 2023 | $2,042,492 | $2,159,122 | $42,668,678 | XML |
| 990 | December 2022 | $2,006,584 | $1,770,336 | $45,122,737 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 41-0448160).
Questions about NSP CREDIT UNION
- What is the EIN of NSP CREDIT UNION?
- The employer identification number (EIN) of NSP CREDIT UNION is 41-0448160.
- Is NSP CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to NSP CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NSP CREDIT UNION 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 NSP CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NSP CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NSP CREDIT UNION?
- The 990 for the year ended December 31, 2025 names CHARLIE YENNI.
- Who are the officers and directors of NSP CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 8 people; 8 received compensation from the organization, the highest $137,371 (CHARLIE YENNI, PRESIDENT/CE).
- How much revenue does NSP CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,010,667, expenses of $2,239,685 and total assets of $36,336,372 at year end.
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