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Minnco Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$22M (2023)

Expenses
$19M (2023)

Total Assets
$518M (2023)

Total Liabilities
$487M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,040,179
Expenses
$18,958,431
Net Income
$3,081,748
Net Assets
$31,501,052
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,843,903
85.5%
Investment Income $3,781,314
17.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$585,038
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $434,953
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,941,724
26.1%
Assets/Debt
Total Assets $518,034,003
Total Liabilities $486,532,951
Net Assets $31,501,052
Compensation
Key Employees and Officers Compensation Related Other
Doug Hallstrom (President) $429,334 $0 $50,094
John Wendland (Svp Administration And General Counsel) $205,603 $0 $43,816
Todd Sanders (Svp Lending) $133,407 $0 $30,628
Rick Borchardt (Svp Finance) $129,848 $0 $24,427
Kirstin Bruss (Svp Operations) $123,134 $0 $11,698
Anita Quaglia (Svp Member Experience) $107,390 $0 $27,871
Richard Soderberg (Board Member) $598 $0 $0
Jerry Schleicher (Chairperson) $598 $0 $0
Kory Erickson (Board Member) $540 $0 $0
Dave Maurer (Board Member) $471 $0 $0
Wayne Anderson (Board Member) $460 $0 $0
Laurie Garnas (Board Member) $448 $0 $0
Dean Scholl (Board Member) $92 $0 $0
Lewis Leasure (Board Member) $46 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,225,983
Expenses
$13,370,723
Net Income
$4,855,260
Net Assets
$26,563,192
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,086,833
82.8%
Investment Income $3,124,610
17.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $14,540
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $390,909
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $4,443,355
33.2%
Assets/Debt
Total Assets $505,736,590
Total Liabilities $479,173,398
Net Assets $26,563,192
Compensation
Key Employees and Officers Compensation Related Other
Doug Hallstrom (President) $380,458 $0 $44,020
John Wendland (Svp Administration And General Counsel) $176,012 $0 $31,940
Todd Sanders (Svp Lending) $132,101 $0 $17,648
Brian Anderson (Vp Commercial Lending) $130,657 $0 $0
Rick Borchardt (Svp Finance) $120,081 $0 $21,478
Kirstin Bruss (Svp Operations) $115,291 $0 $21,027
Richard Soderberg (Board Member) $713 $0 $0
Jerry Schleicher (Chairperson) $598 $0 $0
Dave Maurer (Board Member) $472 $0 $0
Lewis Leasure (Board Member) $472 $0 $0
Kory Erickson (Board Member) $403 $0 $0
Dean Scholl (Board Member) $380 $0 $0
Wayne Anderson (Board Member) $334 $0 $0
Nicole Klanderud (Board Member) $92 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,267,094
Expenses
$12,109,434
Net Income
$5,157,660
Net Assets
$40,581,590
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,031,211
87.1%
Investment Income $2,242,992
13.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,109
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $343,170
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,891,140
32.1%
Assets/Debt
Total Assets $474,930,178
Total Liabilities $434,348,588
Net Assets $40,581,590
Compensation
Key Employees and Officers Compensation Related Other
Doug Hallstrom (President) $340,726 $0 $47,177
John Wendland (Svp Administration And General Counsel) $158,914 $0 $34,367
Kirstin Bruss (Svp Operations) $105,723 $0 $20,007
Rick Borchardt (Svp Finance) $105,062 $0 $14,489
Chris Goebel (Vp Finance) $103,890 $0 $20,390
Mark Faydo (Vp Lending) $100,370 $0 $19,964
Jerry Schleicher (Chairperson) $593 $0 $0
Kory Erickson (Board Member) $544 $0 $0
Dean Scholl (Board Member) $506 $0 $0
Wayne Anderson (Board Member) $444 $0 $0
Dave Maurer (Board Member) $372 $0 $0
Lewis Leasure (Board Member) $299 $0 $0
Nicole Klanderud (Board Member) $284 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,147,841
Expenses
$13,731,181
Net Income
$2,416,660
Net Assets
$38,367,343
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,470,666
83.4%
Investment Income $2,161,986
13.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $514,416
3.2%
Net Inventory Sales $0
Other Revenue $773
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $624,162
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,776,659
27.5%
Assets/Debt
Total Assets $406,346,048
Total Liabilities $367,978,705
Net Assets $38,367,343
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Doug Hallstrom (President) $318,734 $0 $40,704
John Wendland (Svp Operations And General Counsel) $183,093 $0 $32,415
Mark Faydo (Vp Lending) $100,045 $0 $19,664
Jerry Schleicher (Chairperson) $598 $0 $0
Dean Scholl (Board Member) $460 $0 $0
Nicole Klanderud (Board Member) $390 $0 $0
Lewis Leasure (Board Member) $380 $0 $0
Kory Erickson (Board Member) $360 $0 $0
Dave Maurer (Board Member) $360 $0 $0
Wayne Anderson (Board Member) $330 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,367,472
Expenses
$12,197,463
Net Income
$2,170,009
Net Assets
$34,466,079
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,047,035
90.8%
Investment Income $1,360,302
9.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$64,348
Net Inventory Sales $0
Other Revenue $24,483
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $547,267
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,373,417
27.7%
Assets/Debt
Total Assets $324,556,258
Total Liabilities $290,090,179
Net Assets $34,466,079
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Doug Hallstrom (President) $304,385 $0 $40,151
John Wendland (Vp Operations And General Counsel) $149,714 $0 $30,150
Jerry Schleicher (Chairperson) $520 $0 $0
Lewis Leasure (Board Member) $410 $0 $0
Kory Erickson (Board Member) $370 $0 $0
Dave Maurer (Board Member) $360 $0 $0
Nicole Klanderud (Board Member) $340 $0 $0
Wayne Anderson (Board Member) $280 $0 $0
Dean Scholl (Board Member) $130 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,022,008
Expenses
$11,378,178
Net Income
$2,643,830
Net Assets
$30,409,564
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,906,273
84.9%
Investment Income $2,165,175
15.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$64,067
Net Inventory Sales $0
Other Revenue $14,627
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $755,878
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,897,844
25.5%
Assets/Debt
Total Assets $303,036,852
Total Liabilities $272,627,288
Net Assets $30,409,564
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Doug Hallstrom (President) $532,940 $0 $42,467
John Wendland (Vp Operations And General Counsel) $139,637 $0 $18,982
Jerry Schleicher (Chairperson) $590 $0 $0
Marlin Anderson (Board Member) $510 $0 $0
Nicole Klanderud (Board Member) $440 $0 $0
Lewis Leasure (Board Member) $440 $0 $0
Kory Erickson (Board Member) $390 $0 $0
Dave Maurer (Board Member) $360 $0 $0
Wayne Anderson (Board Member) $330 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,945,122
Expenses
$9,872,565
Net Income
$3,072,557
Net Assets
$28,511,582
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,361,038
87.8%
Investment Income $1,742,401
13.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$158,317
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $455,092
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,986,575
30.3%
Assets/Debt
Total Assets $280,385,220
Total Liabilities $251,873,638
Net Assets $28,511,582
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Doug Hallstrom (President) $266,562 $0 $41,887
Chris Daniels (Vice President, Cfo) $98,903 $0 $26,200
Jerry Schleicher (Chairperson) $590 $0 $0
Lewis Leasure (Board Member) $590 $0 $0
Kory Erickson (Board Member) $560 $0 $0
Wayne Anderson (Board Member) $530 $0 $0
Nicole Klanderud (Board Member) $420 $0 $0
Marlin Anderson (Board Member) $370 $0 $0
Dave Maurer (Board Member) $360 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,675,677
Expenses
$9,634,926
Net Income
$2,040,751
Net Assets
$25,538,268
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,387,888
89.0%
Investment Income $1,414,262
12.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$137,871
Net Inventory Sales $0
Other Revenue $11,398
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $459,358
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,819,659
29.3%
Assets/Debt
Total Assets $259,913,606
Total Liabilities $234,375,338
Net Assets $25,538,268
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Doug Hallstrom (President) $188,464 $0 $32,226
Steve Oien (President) $96,658 $0 $11,480
Chris Daniels (Vice President, Cfo) $85,236 $0 $24,667
Jerry Schleicher (Chairperson) $590 $0 $0
Marlin Anderson (Board Member) $590 $0 $0
Lewis Leasure (Board Member) $450 $0 $0
Nicole Klanderud (Board Member) $360 $0 $0
Wayne Anderson (Board Member) $350 $0 $0
Kory Erickson (Board Member) $300 $0 $0
Dave Maurer (Board Member) $210 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,167,043
Expenses
$8,854,753
Net Income
$2,312,290
Net Assets
$23,837,993
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,021,358
89.7%
Investment Income $1,223,510
11.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$99,433
Net Inventory Sales $0
Other Revenue $21,608
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $450,146
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,780,605
31.4%
Assets/Debt
Total Assets $237,819,119
Total Liabilities $213,981,126
Net Assets $23,837,993
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Steve Oien (President) $660,356 $0 $23,938
Doug Hallstrom (Executive Vice President) $225,081 $0 $22,984
Chris Daniels (Vice President, Cfo) $81,403 $0 $23,187
Jerry Schleicher (Chairperson) $596 $0 $0
Kory Erickson (Board Member) $489 $0 $0
Lewis Leasure (Board Member) $450 $0 $0
Marlin Anderson (Board Member) $448 $0 $0
Nicole Klanderud (Board Member) $334 $0 $0
Dave Maurer (Board Member) $255 $0 $0
Wayne Anderson (Board Member) $233 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,874,743
Expenses
$9,144,420
Net Income
$1,730,323
Net Assets
$21,673,461
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,080,594
92.7%
Investment Income $1,052,028
9.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$278,591
Net Inventory Sales $0
Other Revenue $20,712
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $419,374
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,677,998
29.3%
Assets/Debt
Total Assets $217,755,888
Total Liabilities $196,082,427
Net Assets $21,673,461
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Steve Oien (President) $117,000 $0 $22,833
Doug Hallstrom (Executive Vice President) $114,738 $0 $22,688
Chris Daniels (Vice President, Cfo) $75,825 $0 $23,253
Jerry Schleicher (Chairperson) $693 $0 $0
Marlin Anderson (Board Member) $306 $0 $0
Kory Erickson (Board Member) $279 $0 $0
Lewis Leasure (Board Member) $216 $0 $0
Wayne Anderson (Board Member) $189 $0 $0
Nicole Klanderud (Board Member) $189 $0 $0
Dave Maurer (Board Member) $171 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,754,404
Expenses
$9,033,134
Net Income
$1,721,270
Net Assets
$19,709,258
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,332,777
96.1%
Investment Income $676,065
6.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$254,438
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $401,035
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,537,339
28.1%
Assets/Debt
Total Assets $204,711,057
Total Liabilities $185,001,799
Net Assets $19,709,258
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Steve Oien (President) $113,700 $0 $21,462
Doug Hallstrom (Executive Vice President) $109,501 $0 $20,982
Chris Daniels (Vice President, Cfo) $70,034 $0 $20,702
Jerry Schleicher (Chairperson) $666 $0 $0
Kory Erickson (Board Member) $576 $0 $0
Marlin Anderson (Board Member) $405 $0 $0
Michael Rohricht (Board Member) $324 $0 $0
Nicole Klanderud (Board Member) $270 $0 $0
Wayne Anderson (Board Member) $189 $0 $0
Dave Maurer (Board Member) $126 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,219,897
Expenses
$9,524,184
Net Income
$1,695,713
Net Assets
$18,111,767
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,989,381
97.9%
Investment Income $581,246
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$350,730
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $374,355
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,435,340
25.6%
Assets/Debt
Total Assets $191,601,013
Total Liabilities $173,489,246
Net Assets $18,111,767

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,377,106
Expenses
$10,539,901
Net Income
$837,205
Net Assets
$16,420,203
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,150,375
98.0%
Investment Income $558,375
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$331,644
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $374,404
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,354,089
22.3%
Assets/Debt
Total Assets $178,386,797
Total Liabilities $161,966,594
Net Assets $16,420,203

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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