Pipefitters-Steamfitters Credit Union

Organization Overview

Pipefitters-Steamfitters Credit Union is located in Woodbury, 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 12/2022, Pipefitters-Steamfitters Credit Union employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pipefitters-Steamfitters 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 12/2022, Pipefitters-Steamfitters Credit Union generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 7.4% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FINANCIAL SERVICES FOR MEMBERS AND THEIR FAMILIES OF UNION LOCAL 455

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS CLOSED FIELD OF MEMBERSHIP: THE MEMBERS OF LOCAL 455 PIPEFITTERS STEAMFITTERS, AND THEIR FAMILY MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Adam Hoen
Board Chairman
$675
Ryan Vail
Board Member
$700
Curtis Johnson
Vice Chairman
$875
Michael Menne
Board Member
$638
Patrick Moore
Board Member
$638
Mark Slagle
Vice Chairman
$300

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$1,521,396
Investment income $311,248
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 $1,998,377

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