Nonprofit · EIN 41-0787859
WEST METRO SCHOOLS CREDIT UNION
Tax-exempt · HOPKINS, MN 55305
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,408,422 | $2,087,835 | $320,587 | $40,953,369 | $33,358,468 | $7,594,901 |
| December 31, 2024 | 990 | $2,309,606 | $2,035,782 | $273,824 | $40,368,184 | $33,093,870 | $7,274,314 |
| December 31, 2023 | 990 | $1,884,691 | $1,602,601 | $282,090 | $39,203,569 | $32,203,079 | $7,000,490 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,000
- Program service revenue
- $1,753,875
- Investment income
- $650,274
- Royalties
- $2,273
- Net gain from sales of assets
- -$2,892
- Other revenue
- $2,273
Expenses
- Grants and similar amounts paid
- $6,000
- Compensation of officers, directors and key employees
- $149,406
- Other salaries and wages
- $326,252
- Salaries, compensation and benefits (total)
- $631,564
- Professional fundraising fees
- $0
- Legal fees
- $720
- Accounting fees
- $22,500
- Occupancy
- $34,765
- Depreciation
- $21,807
Balance sheet and other
- Total assets, start of year
- $40,368,184
- Total assets, end of year
- $40,953,369
- Total liabilities, end of year
- $33,358,468
- Net assets, end of year
- $7,594,901
- Land, buildings and equipment
- $20,581
- Gross receipts
- $2,412,814
- Employees
- 7
- Volunteers
- 10
- Year formed
- 1954
- 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 |
|---|---|---|---|---|
| CRYSTAL SCHUMAN | PRESIDENT Officer | 40 | $149,406 | $44,350 |
| MARY KAY MYRMEL | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LISA WALKER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BETTY MAGNUSON | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| JOHN TOOP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICIA WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS OPITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLLEEN LUCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRYSTAL SCHUMAN | PRESIDENT Officer | 40 | $140,126 | $31,961 |
| MARY KAY MYRMEL | CAHIR Trustee or director, Officer | 2 | $0 | $0 |
| LISA WALKER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BETTY MAGNUSON | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| JOHN TOOP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICIA WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS OPITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLLEEN LUCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRYSTAL SCHUMAN | PRESIDENT Officer | 40 | $132,678 | $30,027 |
| MARY KAY MYRMEL | CAHIR Trustee or director, Officer | 2 | $0 | $0 |
| LISA WALKER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BETTY MAGNUSON | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| JOHN TOOP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICIA WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS OPITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLLEEN LUCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1001 HIGHWAY 7 ROOM 249, HOPKINS, MN 55305-4737
- Principal officer (990 for 2025)
- CRYSTAL SCHUMAN, 1001 HIGHWAY 7 RM 249, HOPKINS, MN 55305
- Signed the 990
- CRYSTAL SCHUMAN, PRESIDENT
- Phone
- (612) 315-4266
- Website
- WMSCU.ORG
- Return prepared by
- AUDIT THREESIXTY
Mission
WE ARE A NOT-FOR-PROFIT, MEMBER OWNED AND CONTROLLED FINANCIAL ORGANIZATION. WE PROVIDE FINANCIAL SERVICES AND BUILD LIFE-LONG RELATIONSHIPS WHILE MAINTATING FINANCIAL STABILITY AND SAFEGUARDING MEMBER ASSETS.
Program accomplishments
- THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 112 NEW DEPOSIT ACCOUNTS IN 2025. AS OF 12/31/25 WE HAD 2,614 MEMBERS.
- THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 349 NEW LOANS TO MEMBERS DURING 2025. AS OF 12/31/25 WE HAD 1,669 LOANS TO OUR MEMBERS.
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
- 41-0787859
- 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)
- $40,953,369
- Income (IRS master file)
- $2,412,814
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,408,422 | $2,087,835 | $40,953,369 | IRS |
| 990 | December 2024 | $2,309,606 | $2,035,782 | $40,368,184 | XML |
| 990 | December 2023 | $1,884,691 | $1,602,601 | $39,203,569 | XML |
| 990 | December 2022 | $1,509,319 | $1,233,521 | $38,718,935 | 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 41-0787859).
Questions about WEST METRO SCHOOLS CREDIT UNION
- What is the EIN of WEST METRO SCHOOLS CREDIT UNION?
- The employer identification number (EIN) of WEST METRO SCHOOLS CREDIT UNION is 41-0787859.
- Is WEST METRO SCHOOLS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to WEST METRO SCHOOLS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WEST METRO SCHOOLS 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 WEST METRO SCHOOLS 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 WEST METRO SCHOOLS 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 WEST METRO SCHOOLS CREDIT UNION?
- The 990 for the year ended December 31, 2025 names CRYSTAL SCHUMAN.
- Who are the officers and directors of WEST METRO SCHOOLS CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $149,406 (CRYSTAL SCHUMAN, PRESIDENT).
- How much revenue does WEST METRO SCHOOLS CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,408,422, expenses of $2,087,835 and total assets of $40,953,369 at year end.
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