LAKE STATE CREDIT UNION
MEMBERS COOPERATIVE CU 952 WOODLAND AVE, DULUTH, MN 55803 lakestatecu.com

Total Revenue
$4,985,160
Total Expenses
$4,793,408
Net Assets
$0

Organizations Filed Purposes: THE CREDIT UNION IS A NONPROFIT, COOPERATIVE FINANCIAL INSTITUTION. IT IS OWNED AND RUN BY ITS MEMBERS AND ORGANIZED TO SERVE AND PROVIDE THEIR MEMBERS WITH A SAFE PLACE TO SAVE AND BORROW AT REASONABLE RATES. MEMBERS POOL THEIR FUNDS TO MAKE LOANS TO ONE ANOTHER. THE VOLUNTEER BOARD THAT RUNS EACH CREDIT UNION IS ELECTED BY THE MEMBERS.

THE CREDIT UNION PROVIDES A VARIETY OF LENDING SERVICES TO OUR MEMBERSHIP. THE CREDIT UNION HAD 10,189 LOANS OUTSTANDING FOR $132,836,995 AS OF JUNE 30, 2015.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Timothy J SmithPRESIDENT/CEO40$91,882
Frederick BorchardtSVP/CFO40$66,139
Jerry TelkerDIRECTOR1$0
Karen JohnsonDIRECTOR1$0
John GilbertDIRECTOR1$0
Lee Ellen OlsonDIRECTOR1$0
Tim CarolineDIRECTOR1$0
Dianne CarlsonDIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201620859349300422_public.xml