Work-in-progress version of SherPa. Work-in-progress version of SherPa.
Minnesota
Last updated on 2015-10-01
General
not credit union specific
- Officer Loan Status
- Allowed
- Officer Loan Comment
- Board must reasonably expect the loan to benefit the corporation
- Officer Loan Statute
- Minn. Stat. § 317A.501
Credit Union Information
- Split Dollar Process
- Allowed
- Split Dollar Comment
- Follows NCUA Opinion
- Parity Process
- Allowed
- Parity Comment
- Per 6/24/21 call with Marcia Lewis, follows parity rules and notification is not required, but is appreciated.
- Parity Statute
- —
- Alternative To Parity Request
- —
- CDA Status
- Allowed
- CDA Comment
- Must follow NCUA rules and state rules if conflict. No notice required
- Director Compensation Status
- No comp, insurance ok.
- Director Compensation Statute
- Minn. Stat. § 52.09 Subd. 3
- Credit Union Regulator
State Chartered Credit Unions
64 credit unions chartered in Minnesota
| Name | Charter Number | CEO | Total Assets | Net Worth | CA SD | Concentration |
|---|---|---|---|---|---|---|
| MY | 60125 | Gregory Worthen | $399,921,471 | $30,530,411 | $3,433,010 | 11.24% |
| ANOKA HENNEPIN | 60148 | Jeff Claussen | $285,339,445 | $21,742,683 | $1,978,786 | 9.1% |
| HIBBING COOPERATIVE | 60164 | Waylon Vitters | $111,299,387 | $11,441,150 | $0 | 0% |
| HARBOR POINTE | 60207 | Rick Lappi | $155,034,343 | $14,419,328 | $0 | 0% |
| MEMBERS COOPERATIVE | 60216 | Stephen Ewers | $1,083,440,044 | $108,590,231 | $9,467,851 | 8.72% |
| JOSTEN EMPLOYEES | 60221 | Joley Podein | $1,064,045 | $359,621 | $0 | 0% |
| SHARE ADVANTAGE | 60242 | Kellee Lueck Schafer | $60,695,328 | $5,045,736 | $0 | 0% |
| CITY & COUNTY | 60255 | Patrick Pierce | $1,176,884,240 | $119,337,450 | $3,808,446 | 3.19% |
| UNITED EMPLOYEES | 60263 | Matt Maras | $53,295,099 | $6,558,033 | $0 | 0% |
| MINNESOTA POWER EMPLOYEES | 60377 | Debora Almirall | $122,342,155 | $17,776,334 | $0 | 0% |
| DEER RIVER COOPERATIVE | 60388 | MARY GOGGLEYE | $26,517,147 | $2,412,777 | $0 | 0% |
| BRAINERD B. N. | 60436 | Kaycie Mogensen | $97,595,307 | $10,390,173 | $0 | 0% |
| ASSOCIATED HEALTHCARE | 60466 | Theresa Malone | $158,782,283 | $16,864,928 | $0 | 0% |
| NORTH STAR | 60689 | Rich Crettol | $86,890,291 | $7,891,793 | $0 | 0% |
| DULUTH FIRE DEPARTMENT | 60750 | David Torgerson | $6,490,444 | $1,137,931 | $0 | 0% |
| ACCENTRA | 60798 | Paul Knorr | $193,935,559 | $18,108,808 | $2,127,966 | 11.75% |
| NORTHRIDGE COMMUNITY | 61257 | Nicholas Mathiowetz | $78,278,771 | $10,068,528 | $0 | 0% |
| DAWSON CO-OP | 61624 | John Nevins | $276,971,034 | $41,500,050 | $1,325,197 | 3.19% |
| RED WING | 61778 | Aaron DeJong | $166,710,119 | $16,844,131 | $0 | 0% |
| TEAMSTERS | 61824 | Andrea Adams | $14,045,710 | $1,262,060 | $0 | 0% |
| CO-OP CREDIT UNION OF MONTEVIDEO | 62419 | Kayla Reiffenberger | $350,630,343 | $44,063,485 | $0 | 0% |
| WEST METRO SCHOOLS | 62726 | Crystal Schuman | $39,239,380 | $6,566,936 | $0 | 0% |
| NORTHERN STATES POWER - ST. PAUL | 62733 | Charlie Yenni | $45,751,618 | $7,904,231 | $1,150,116 | 14.55% |
| NORTHWOODS | 62847 | Douglas Wolf | $162,458,877 | $12,201,099 | $1,363,000 | 11.17% |
| FIRST ALLIANCE | 62872 | Michael Rosek | $271,222,687 | $26,042,558 | $0 | 0% |
| EATON EMPLOYEES | 62950 | Ann Healey-Allen | $3,098,183 | $266,068 | $0 | 0% |
| EXPEDITION | 62964 | Paul Dammann | $237,790,987 | $21,600,310 | $0 | 0% |
| IDEAL | 62978 | Brian Sherrick | $950,018,939 | $97,805,596 | $0 | 0% |
| SHAREPOINT | 63098 | Phillip Kopischke | $307,208,968 | $33,032,412 | $3,108,385 | 9.41% |
| CITIES | 63109 | Michael Enright | $37,809,029 | $2,672,404 | $0 | 0% |
| PIPEFITTERS-STEAMFITTERS | 63157 | Jennifer Davis | $53,136,521 | $5,017,228 | $0 | 0% |
| MOWER COUNTY CATHOLIC PARISHES | 63258 | Jessica Johnson | $7,192,016 | $1,055,918 | $0 | 0% |
| ELY AREA | 63398 | Mark Krekelberg | $65,493,095 | $7,302,213 | $0 | 0% |
| MINNCO | 63639 | Doug Hallstrom | $476,015,257 | $42,784,865 | $6,375,351 | 14.9% |
| LATVIAN | 63891 | Santa Kalnite | $5,598,872 | $568,180 | $0 | 0% |
| VIRGINIA COOP | 63965 | Donald Rausch | $41,079,878 | $2,884,725 | $0 | 0% |
| MINNESOTA CATHOLIC | 63977 | David Sawin | $42,006,002 | $3,249,727 | $0 | 0% |
| ELECTRIC MACHINERY EMPLOYEES | 63988 | Greg Ericson | $8,901,314 | $2,282,593 | $0 | 0% |
| FIRST PACE | 64089 | Jennifer Tiedman | $10,986,921 | $1,928,146 | $0 | 0% |
| HEARTLAND | 64168 | Kathleen Harrington | $171,107,472 | $15,484,700 | $0 | 0% |
| AUSTIN CITY EMPLOYEES | 64186 | Marilyn Hansen | $11,971,733 | $1,513,302 | $0 | 0% |
| FINANCIAL ONE | 64287 | Ross Bloomquist | $202,265,805 | $18,352,038 | $2,573,651 | 14.02% |
| ALEXANDRIA SCHOOLS EMPLOYEES | 64304 | Craig Andrews | $8,285,102 | $1,117,430 | $0 | 0% |
| DULUTH POLICE DEPARTMENT EMPLOYEES | 64359 | Thomas Ehle | $12,301,787 | $1,545,532 | $0 | 0% |
| MOWER COUNTY EMPLOYEES | 64518 | Stephanie Riles | $11,797,144 | $1,544,025 | $0 | 0% |
| NORTHERN COMMUNITIES | 64655 | Trina Hoff | $104,040,817 | $9,602,598 | $0 | 0% |
| FEDERATED EMPLOYEES | 64703 | Annette Arndt | $62,823,691 | $7,411,087 | $0 | 0% |
| STAR CHOICE | 64706 | Scott Olson | $90,120,348 | $6,708,809 | $0 | 0% |
| H.B.I. EMPLOYEES | 64959 | Karen Fleming | $9,069,640 | $790,906 | $0 | 0% |
| METROPOLITAN SERVICES | 64999 | CRYSTAL Rylicki | $11,387,716 | $1,004,062 | $0 | 0% |
| NOVATION | 65063 | KRISTI MUKOMELA | $232,725,421 | $17,191,611 | $0 | 0% |
| RIVERVIEW | 65448 | Julia Havens | $8,084,961 | $1,144,703 | $0 | 0% |
| FULDA AREA | 66867 | Chad Merrihew | $147,311,814 | $12,201,695 | $2,439,196 | 19.99% |
| CROW WING POWER | 68389 | Joan Wileman | $114,360,249 | $7,920,882 | $0 | 0% |
| CATHOLIC UNITED FINANCIAL | 68469 | Maureen Daehn | $27,688,756 | $2,944,150 | $0 | 0% |
| WINGS FINANCIAL | 68601 | Frank Weidner | $7,918,571,163 | $946,748,584 | $0 | 0% |
| MAGNIFI FINANCIAL | 68604 | Charles Friederichs | $1,655,170,443 | $218,006,506 | $16,099,536 | 7.38% |
| SPIRE | 68651 | Dan Stoltz | $2,006,134,967 | $154,793,885 | $9,349,906 | 6.04% |
| SOUTHPOINT FINANCIAL | 68667 | Jay Gostonczik | $514,291,245 | $56,271,830 | $5,767,048 | 10.25% |
| SMW FINANCIAL | 68676 | Steven Hauser | $96,043,944 | $8,540,001 | $0 | 0% |
| CENTRICITY | 68685 | Doug Ralston | $230,596,660 | $23,674,309 | $1,472,000 | 6.22% |
| ST. CLOUD FINANCIAL | 68697 | Jed Meyer | $294,878,491 | $22,660,224 | $2,994,425 | 13.21% |
| HIWAY | 68721 | Dave Boden | $1,689,254,335 | $158,340,924 | $9,870,784 | 6.23% |
| TRUSTONE FINANCIAL | 68722 | Dale Turner | $4,037,384,828 | $411,287,709 | $4,800,205 | 1.17% |