Minnesota Credit Union Foundation logo

Minnesota Credit Union Foundation

Public charity · Grantmaker St. Paul, MN EIN: 04-3740017 Website

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

Who Minnesota Credit Union Foundation funds

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Arise Community Credit Union: $788KArise Community Credit Union$788KChildren's Miracle Network: $128KChildren's Miracle Network$128KNorth Memorial Federal Cu: $5KNorth Memorial Federal Cu$5K

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

3<$50K1$50–100K4$100–250K$250–500K1$500K–1M$1–5M$5M+

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

3states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

Salt Lake CityEmbarrassMadisonMinneapolisRobbinsdale

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

$0$250K$500K$750K$1M2 grants2020 2 grants2021 1 grant2022 1 grant2023 3 grants2024

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

RecipientPurposeAmount
Arise Community Credit Union Minneapolis, MNFinancial Assistance$788,377
Children's Miracle Network Salt Lake City, UTProvide Care to Kids$127,720
North Memorial Federal Cu Robbinsdale, MNEducation$5,300
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2024$506,564$448,279$1,033,748$921,3973$23,858
2023$1,069,745$462,196$261,194$170,2351$17,765
2022$878,020$607,518$261,731$153,5841$1,830
2021$524,177$425,621$163,083$94,7412$203
2020$267,809$211,586$221,268$119,3532$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.

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

  1. IRS filings on file for fiscal years 2020–2024

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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.

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