Med Park Credit Union

Organization Overview

Med Park Credit Union is located in Grand Forks, ND. The organization was established in 1954. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Med Park Credit Union employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Med Park Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Med Park Credit Union generated $599.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $648.7k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR CREDIT UNION IS A COOPERATIVE OWNED AND OPERATED BY ITS MEMBERS. OUR GOAL IS TO STRENGTHEN OUR COMMUNITY THROUGH SOCIAL RESPONSIBLITY AND MEETING THE FINANCIAL NEEDS OF OUR MEMBERS, WHILE MAINTAINING OUR FINANCIAL STABILITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TOTAL EXPENSES FOR ALL SERVICES


WE HAVE NONE


WE HAVE NONE


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Cheryl Malm
CEO
$133,377
Veronica Holweger
CEO Starting 12/1/21
$7,131
Joe Gimmel
Vice President
$0
Paul Edman
President
$0
Kelly Grassel
Secretary
$0
Sheila Piper
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $599,438

Peer Organizations

Organization NameAssets
Magnifi Financial Credit Union
Melrose, MN
$78,975,601
Members Cooperative Credit Union
Duluth, MN
$45,708,037
First Community Credit Union
Jamestown, ND
$50,434,728
Ideal Credit Union
Woodbury, MN
$42,764,424
City & County Credit Union
Saint Paul, MN
$41,175,696
Capital Credit Union
Bismarck, ND
$34,065,557
Town & Country Credit Union
Minot, ND
$30,613,353
Southpoint Financial Credit Union
Sleepy Eye, MN
$21,366,397
Valley Financial Credit Union
Billings, MT
$18,570,812
North Star Community Credit Union
Maddock, ND
$17,250,607
First Alliance Credit Union
Stewartville, MN
$15,921,045
My Credit Union
Bloomington, MN
$17,620,611

Create an account to unlock the data you need.

or