PEOPLES COMMUNITY CREDIT UNION
1541 HIGHWAY 7, HOPKINS, MN 55305 www.peoplesccu.coop

Total Revenue
$1,298,726
Total Expenses
$1,210,318
Net Assets
$4,497,531

Organizations Filed Purposes: TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKET PLACE AND WITH A "SERVICE-BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS "OWNERS".

WE OFFERED A WIDE RANGE OF CONSUMER PRODUCTS TO OUR MEMBERS AT LOWER THAN MARKET RATES IN THE "SPIRIT OF PEOPLE HELPING PEOPLE". LOWER RATES ARE A DIRECT RESULT OF OUR COOPERATIVE STRUCTURE IN THAT THE MORE OUR MEMBERS BORROW AND SAVE WITH US THE GREATER THE DIVIDEND AND LOWER THE LOAN RATE. OUR PRODUCTS ARE PRICED BASED ON A MEMBER'S ABILITY TO AFFORD THE LOAN AND MEET THEIR INDIVIDUAL NEEDS WITH THE PROCEEDS. LAST YEAR WE EXTENDED 720 NEW LOANS VALUED AT $8,122,021.

THE CREDIT UNION OFFERS SEVERAL SOLUTIONS TO HELP OUR MEMBERS SAVE FOR THE FUTURE, MEET EVERYDAY DEMANDS, MAXIMIZE THEIR RETURNS ON SAVINGS AND PLAN FOR THEIR DEPENDENTS. OUR MEMBERS ARE EDUCATED ABOUT OUR SAFETY AND SOUNDNESS WHEN THEY INVEST AND OPEN ACCOUNTS AND INVEST IN THE CREDIT UNION. OUR CREDIT UNION HAS A CAPITAL RATIO IN EXCESS OF 21% WHICH IS EXTREMELY HIGH IN OUR INDUSTRY. WE HAVE $16,786,360 OF OUR MEMBERS SAVINGS INVESTED IN OUR VARIOUS SAVINGS PRODUCTS.

EXTREME CARE IS TAKEN WITH EVERY LOAN TO ENSURE THAT A LOAN DOES NOT BECOME A DISSERVICE TO OUR BORROWER. WE TAKE THE TIME TO COUNSEL OUR MEMBERS ABOUT CREDIT RESTORATIONS AND WE WORK WITH THE MEMBER SO THAT WE CAN LEND TO THEM IN THE FUTURE.

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
Rosemarie KuretichPRESIDENT40$135,853
Torrano EnriqueDIRECTOR1$0
Jim SchaghDIRECTOR1$0
Mike SwensonDIRECTOR1$0
Darin BuschDIRECTOR1$0
Kevin LentschDIRECTOR1$0
Michael GrossmanDIRECTOR1$0
Julie GabrielDIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201701369349300525_public.xml