Minnesota Credit Union Foundation
To promote the development of challenged credit unions in Minnesota & their communities through assistance and education, and to support the greater social mission of the credit union movement.
Minnesota Credit Union Foundation at a glance
In short: Minnesota Credit Union Foundation gave $921K across 3 grants in 2024 (avg $307K), mostly in Minnesota. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $921,397
- +441.3% vs 2023
- Grants made (2024)
- 3
- +200.0% vs 2023
- Average grant
- $307,132
- +80.4% vs 2023
- Median grant
- $127,720
- Total assets
- $506,564
- -52.6% vs 2023
- Primary geography
- Minnesota (86% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Minnesota Credit Union Foundation
Open Grants
4 open opportunities from Minnesota Credit Union Foundation
Financial & Audit Professional Grant
Minnesota Credit Union Foundation
Amount
Varies
Deadline
Deadline not published
Financial Education Grant
Minnesota Credit Union Foundation
Amount
Varies
Deadline
Deadline not published
Financial Inclusion Grant
Minnesota Credit Union Foundation
Amount
Varies
Deadline
Deadline not published
Who Minnesota Credit Union Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Arise Community Credit Union ($788K). Together the top 3 received $921K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 9 (44%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Minnesota Credit Union Foundation gives
- Giving grew 873% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $95K (2021) to $921K (2024). In 2024 it made 3 grants totaling $921K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arise Community Credit Union Minneapolis, MN | Financial Assistance | $788,377 |
| Children's Miracle Network Salt Lake City, UT | Provide Care to Kids | $127,720 |
| North Memorial Federal Cu Robbinsdale, MN | Education | $5,300 |
Ready to take the next step with Minnesota Credit Union Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $506,564 | $448,279 | $1,033,748 | $921,397 | 3 | $23,858 |
| 2023 | $1,069,745 | $462,196 | $261,194 | $170,235 | 1 | $17,765 |
| 2022 | $878,020 | $607,518 | $261,731 | $153,584 | 1 | $1,830 |
| 2021 | $524,177 | $425,621 | $163,083 | $94,741 | 2 | $203 |
| 2020 | $267,809 | $211,586 | $221,268 | $119,353 | 2 | $182 |
About Minnesota Credit Union Foundation
Based on IRS filings
Minnesota Credit Union Foundation is a public charity, based in St. Paul, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $507K in total assets. In 2024, it awarded 3 grants totaling $921K. Net investment income was $24K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Minnesota Credit Union Foundation is led by Mara Humphrey, President since 2023 (on filings since 2022); none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mara Humphrey
President
Vice President → President, 2023
On filings since 2022
0.5 hrs/week
No compensation reported
Doug Ralston
Chair
Secretary & Treasurer → Vice Chair, 2021
Vice Chair → Chair, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Doug Hallstrom
Director
Vice Chair → Chair, 2021
Chair → Director, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Trina Hoff
Director
Director → Secretary, 2023
Secretary → Director, 2024
On filings since 2021
0.5 hrs/week
No compensation reported
Caitlin Brama
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Mary Matheson
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Sue Palen
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Kayla Reiffenberger
Vice Chair
Director → Vice Chair, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Former officers (7)
- Former: Glen Durbahn (2020–2023) — Director
- Former: Mark Cummins (2020–2023) — President
- Former: Kim Westphal (2020–2022) — Secretary
- Former: Mary Hansen (2022) — Director
- Former: Tom Smith (2020–2021) — Director
- Former: Dana Garrett (2020) — Chair
- Former: Greg Worthen (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Minnesota Credit Union Foundation
How much does Minnesota Credit Union Foundation give each year?
Minnesota Credit Union Foundation gave $921K across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $170K across 1 grant.
What is Minnesota Credit Union Foundation's typical grant size?
Minnesota Credit Union Foundation's median grant in 2024 was $127,720, and its average grant was $307,132, across 3 grants on its 2024 IRS Form 990.
Where does Minnesota Credit Union Foundation give grants?
Minnesota Credit Union Foundation gives mostly in Minnesota: 86% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Utah (14%).
Does Minnesota Credit Union Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Minnesota Credit Union Foundation's 2024 IRS Form 990 were described as general or operating support.
How large is Minnesota Credit Union Foundation?
Minnesota Credit Union Foundation reported $507K in total assets on its 2024 IRS Form 990. Its revenue that year was $448K.
What is Minnesota Credit Union Foundation's EIN?
Minnesota Credit Union Foundation's EIN (Employer Identification Number) is 04-3740017. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Minnesota Credit Union Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Caleres Cares Charitable Trust
Orlando, FL
The Caleres Cares Charitable Trust supports eligible nonprofits working on stronger families, diversity and inclusion, sustainability, St. Louis arts and culture, and the footwear industry. Recent filings show one large grant annually, ranging from about $865,000 to $1.85 million; although St. Louis is a stated priority, recent grants went to Florida. It accepts unsolicited requests through its online application process.
Assets
$212K
Grants
1
Total Given
$866K
High Limit Production Foundation Inc
Paris, MO
1) to receive and accept property to be administered exclusively for charitable purposes and primarily for the benefit of the people of the central Missouri area. 2) to hold and administer, for charitable purposes, property donated to the corporation. 3) to distribute to qualified charitable organizations or to any individual or organization for charitable purposes or to any individual or organization in accordance with the terms of gifts, bequests or devisees to the corporation not inconsistent with its purposes, as set forth in these articles of incorporation, or as determined by the board of directors pursuant to these articles of incorporation. For purposes of these articles "charitable purposes" are educational, religious, scientific, literary, public and other purposes permitted to be carried on by organizations described in section 170(c)(1) and 170(c)(2)(b) of the internal revenue code of 1954, as amended ("internal revenue code") and "qualified charitable organization" means a
Assets
$34K
Grants
1
Total Given
$49K
Meriwest Credit Union
San Jose, CA
Meriwest Credit Union is a cooperative, organized for the purpose of promoting thrift and savings among its members, creating a source of credit for them at rates of interest set by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, Meriwest Credit Union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.
Assets
$2.1B
Grants
0
Total Given
$13K
Bradley Family Charitable Trust
Amarillo, TX
Assets
$5.9M
Grants
6
Total Given
$333K
Wesorick Family Foundation
Spring Lake, MI
Assets
—
Grants
7
Total Given
$49K
Neldner Fund Inc
Jacksonville, FL
Assets
$83K
Grants
7
Total Given
$13K
More similar funders
More Funders in Minnesota
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Minnesota Credit Union Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Minnesota Credit Union Foundation down — hundreds of funders to go?