Minnco Credit Union
Cambridge, MN · EIN 41-0174775 · Rank 14,044 by total revenue
state chartered credit union to promote thrift and to provide source of credit for 36,957 members.
Money, Form 990 for tax year 2025
- Total revenue
- $32,345,803
- Total expenses
- $28,837,066
- Total assets
- $601,826,532
- Salary base (all salaries and wages)
- $6,814,075
- Salaries, other pay and benefits
- $9,321,751
- Employees
- 140
- Salary base per employee
- $48,672
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (8)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Doug Hallstrom | President | Officer | 40 | $551,874 |
| Jerry Schleicher | Chairperson | Board | 1 | $587 |
| Dave Maurer | Board Member | Board | 1 | $337 |
| Richard Soderberg | Board Member | Board | 1 | $325 |
| Kory Erickson | Board Member | Board | 1 | $300 |
| Laurie Garnas | Board Member | Board | 1 | $287 |
| Wayne Anderson | Board Member | Board | 1 | $275 |
| Ryan Nelson | Board Member | Board | 1 | $275 |
Top 10 paid people listed
These 10 people received $1,572,456, which is 23.1% of the $6,814,075 salary base shared by 140 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Doug Hallstrom | President | Officer | 40 | $502,446 | $0 | $49,428 | $551,874 |
| John Wendland | EVP Administration and General Counsel | Highly paid employee | 40 | $225,483 | $0 | $44,192 | $269,675 |
| Anita Quaglia | SVP Member Experience | Highly paid employee | 40 | $166,127 | $0 | $31,658 | $197,785 |
| Rick Borchardt | SVP Finance | Highly paid employee | 40 | $164,493 | $0 | $24,979 | $189,472 |
| Todd Sanders | SVP Lending | Highly paid employee | 40 | $161,731 | $0 | $26,717 | $188,448 |
| Kirstin Bruss | SVP Operations | Highly paid employee | 40 | $158,588 | $0 | $15,065 | $173,653 |
| Jerry Schleicher | Chairperson | Board | 1 | $587 | $0 | $0 | $587 |
| Dave Maurer | Board Member | Board | 1 | $337 | $0 | $0 | $337 |
| Richard Soderberg | Board Member | Board | 1 | $325 | $0 | $0 | $325 |
| Kory Erickson | Board Member | Board | 1 | $300 | $0 | $0 | $300 |
Sources
- IRS e-file return 202622409349301757 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 41-0174775
- Organization website (as filed): minnco.com