2025-03-26T11:15:26-04:00 2024-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2024-01-01 410519535 CITIES CREDIT UNION CITI 6514263773 3625 TALMAGE CIRCLE VADNAIS HEIGHTS MN 55110 KRISTINE HEUER VICE PRESIDENT 6514263773 2025-03-25 true true PETER RASMUSSEN P01888997 6083173765 2025-03-26 X 2024 2025-03-06 01:10:19Z X MIKE ENRIGHT 3625 TALMAGE CIRCLE VADNAIS HEIGHTS MN 55110 1501794 false X CITIESCU.ORG X 1936 MN NEIGHBORLY, COMFORTABLE, FUN AND RIGHTHEARTED SERVICE. OFFERS HUMBLE GUIDANCE TO MEMBERS. X 5 5 8 0 0 1123129 1077405 321740 365793 45034 58596 1489903 1501794 0 0 419179 440566 0 0 1076318 1740397 1495497 2180963 -5594 -679169 34334348 0 31650033 0 2684315 0 NEIGHBORLY, COMFORTABLE, FUN AND RIGHTHEARTED SERVICE. OFFERS HUMBLE GUIDANCE TO MEMBERS. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE TO OUR MEMBERS. WE OPENED 85 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 2,396 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 182 NEW LOANS DURING 2024. AS OF 12/31/24 WE HAD 48,886 LOANS RECEIVABLE OUTSTANDING. false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false true 372 0 true 8 true false false false false false false false false X 5 5 false false false false true true true true true false false false true true true true true true true false X MIKE ENRIGHT 6514263773 3625 TALMAGE CIRCLE VADNAIS HEIGHTS MN 55110 KRISTINE HEUER VICE PRESIDE 40.00 X 110763 0 15995 MIKE ENRIGHT PRESIDENT 40.00 X 109613 0 15027 DANIEL PEDERSON CHAIR 1.00 X X 0 0 0 JOAN SIEGFRIED VICE CHAIR 1.00 X X 0 0 0 JAMES WALKER SECRETARY 1.00 X X 0 0 0 THOMAS BROCKWAY DIRECTOR 1.00 X 0 0 0 JAMES ARTHE DIRECTOR 1.00 X 0 0 0 RICHARD LARSON DIRECTOR 1.00 X 0 0 0 220376 31022 2 false false false FISERV 75 REMITTANCE DRIVE CHICAGO IL 60675 DATA PROCESSING 226500 1 INTEREST ON LOANS 522130 862226 862226 OTHER MEMBER RELATED INCOME 522130 129003 129003 MEMBER FEE INCOME 522130 86176 86176 1077405 365793 365793 550 550 58046 58046 58046 58046 1501794 1077405 424389 220376 147208 12997 30095 29890 10918 8231 42837 25527 155808 159039 89423 10791 38 76437 30790 DECONVERSION EXPENSE 600000 LOAN SERVICING 230880 CREDIT LOSS EXPENSE 207355 DIVIDENDS EXPENSE 92323 2180963 0 0 0 219162 2363583 16281817 9097 637462 14297070 526157 34334348 0 227697 31422336 31650033 0 X 2684315 2684315 0 34334348 0 X -679169 -2005146 X false false MEMBER LOANS & ALLOWCE 2024-12-31 14108365 BOOK VALUE 410174775 MINNCO CREDIT UNION 2215 3RD AVE NE CAMBRIDGE MN 55008 501(C)(14) CASH 2024-12-31 405062 BOOK VALUE 410174775 MINNCO CREDIT UNION 2215 3RD AVE NE CAMBRIDGE MN 55008 501(C)(14) INVESTMENTS 2024-12-31 16587476 BOOK VALUE 410174775 MINNCO CREDIT UNION 2215 3RD AVE NE CAMBRIDGE MN 55008 501(C)(14) FIXED ASSSETS 2024-12-31 566574 BOOK VALUE 410174775 MINNCO CREDIT UNION 2215 3RD AVE NE CAMBRIDGE MN 55008 501(C)(14) OTHER ASSETS 2024-12-31 638086 BOOK VALUE 410174775 MINNCO CREDIT UNION 2215 3RD AVE NE CAMBRIDGE MN 55008 501(C)(14) MBR VOTING ASSISTANCE 2024-12-09 10663 FIXED FEE 390758449 WIFPLI 150 SOUTH 5TH STREET MINNEAPOLIS MN 55402 LLP false true false true true true true false SCHEDULE N, PAGE 1, PART I, LINE 2E MIKE ENRIGHT, PRESIDENT OF CITIES CREDIT UNION, BECAME THE VICE PRESIDENT, VADNAIS HEIGHTS BRANCH OF MINNCO CREDIT UNION. HE WILL RECEIVE A RETENTION PAYMENT IF HE REMAINS AN EMPLOYEE THROUGH A SYSTEM CONVERSION PLANNED FOR MID-2025. KRISTINE HEUER, VICE PRESIDENT OF CITIES CREDIT UNION, BECAME A SENIOR ACCOUNTANT AT MINNCO CREDIT UNION. SHE WILL RECEIVE A RETENTION PAYMENT IF SHE REMAINS AN EMPLOYEE THROUGH A SYSTEM CONVERSION PLANNED FOR MID-2025. SCHEDULE N CITIES CREDIT UNION MERGED INTO MINNCO CREDIT UNION OF CAMBRIDGE, MN, AFTER THE CLOSE OF BUSINESS ON DECEMBER 31, 2024. GOVERNMENT AGENCY APPROVAL DOCUMENTS ARE ATTACHED TO THIS RETURN IN A PDF FILE. FORM 990 CITIES CREDIT UNION MERGED INTO MINNCO CREDIT UNION OF CAMBRIDGE, MN, AFTER THE CLOSE OF BUSINESS ON DECEMBER 31, 2024. GOVERNMENT AGENCY APPROVAL DOCUMENTS ARE ATTACHED TO THIS RETURN IN A PDF FILE. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B VICE PRESIDENT PROVIDES THE INFORMATION TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. VP REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. VP NOTIFIES SUPERVISORY COMMITTE THE 990 HAS BEEN FILED AND IS AVAILABLE FOR THEIR REIVEW. THE BOARD IS NOTIFIED AT THEIR NEXT MEETING. FORM 990, PAGE 6, PART VI, LINE 12C AT THE FIRST BOARD MEETING AFTER THE ANNUAL MEETING EACH YEAR, THE BOARD MEMBERS ARE ASKED TO DISCLOSE ANY KNOWN CONFLICTS OF INTEREST. ANY CONFLICTS ARE NOTED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD IS PROVIDED COMPARABLE DATA FOR CEO SALARIES WHICH THEY REVIEW. THE BOARD MEETS WITH THE CEO TO REVIEW HIS PROFORMANCE AND GOALS FOR THE NEXT YEAR. THE BOARD THEN DETERMINES THE CEO COMPENSATION. THE BOARD CHAIR PREPARES A SIGNED LETTER TO THE CEO TO DOCUMENT HIS APPROVED COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT DETERMINES SALARY OF ALL OTHER EMPLOYEES USING COMPARABLE SALARY DATA. THE COMPENSATION AMOUNTS FOR ALL OTHER EMPLOYEES IS INCLUDED IN THE ANNUAL BUDGET APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9 NET ASSETS TRANSFERRED IN MERGER -2,005,146 CITIES CREDIT UNION MERGED INTO MINNCO CREDIT UNION OF CAMBRIDGE, MN, AFTER THE CLOSE OF BUSINESS ON DECEMBER 31, 2024.