Accentra Credit Union

Organization Overview

Accentra Credit Union is located in Austin, MN. The organization was established in 1944. 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, Accentra Credit Union employed 63 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Accentra 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, Accentra Credit Union generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $6.1m during the year ending 12/2021. While expenses have increased by 2.8% 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

FINANCIAL SERVICES TO MEMBER OWNERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE LOANS TO MEMBERS AND TO PAY DIVIDENDS ON MEMBER SHARE ACCOUNTS, SHAREDRAFT ACCOUNTS AND CERTIFICATES.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Knorr
CEO
$212,826
Lyndsey Johnson
CFO
$98,813
Sheri Dankert
Sup Chair
$1,139
Marisa Nagele
Board Vice-Chair
$512
Gordy Kuehne
Board Chairman
$503
Jane Handel
Board Member
$425

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fiserv Eft Solutions
Eft Processing
$529,013
Ncr Corporation
Online Banking Processing
$237,979
Fiserv Inc
Data Processing
$355,304
View All Vendors

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$7,271,300
Investment income $692,031
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $163,903
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,130,669

Peer Organizations

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