Diversified Credit Union in Minneapolis, Minnesota (MN)

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Diversified Credit Union
Employer Identification Number (EIN)410414895
Name of OrganizationDiversified Credit Union
Address700 Linden Ave W, Minneapolis, MN 55403-1136
ActivitiesAssociation of employees, Other school related activities, Endowment fund or financial services
SubsectionCredit Union
Ruling Date09/1944
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$30,703,096
Amount of Income$1,648,724
Form 990 Revenue Amount$1,648,724

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$1,586,761
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$1,510,686
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$76,075
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$1,489,781
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$398,057
Payroll taxes$34,985
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$27,840,337
Total liabilities$25,387,710
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$2,452,627
Retained earnings, endowment, accumulated income, or other funds$2,452,627
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
SubordinateRichfield-Bloomington Credit Union345 E 77th St, Richfield, MN 55423-4312MN1944-09$32,030,206
SubordinateCity & County Credit Union144 11th St E, Saint Paul, MN 55101-2332MN1944-09$24,752,787
SubordinateMembers Cooperative Credit Union7625 Parklawn Ave, Edina, MN 55435-5123MN1944-09$24,399,459
SubordinateMinnco Credit Union235 1st Ave W, Cambridge, MN 55008-1528MN1944-09$14,505,951
SubordinateFirst Alliance Credit Union501 16th St Se, Rochester, MN 55904-5234MN1944-09$8,653,555
SubordinateAnoka Hennepin Credit Union3505 Northdale Blvd, Coon Rapids, MN 55448-4501MN1944-09$8,643,131
SubordinateGreater Minnesota Credit Union112 Lake St S, Mora, MN 55051-1525MN1944-09$8,239,329
SubordinateCo-Op Credit Union Of Montevideo2407 E Highway 7, Montevideo, MN 56265-3151MN1944-09$6,599,090
SubordinateAccentra Credit Union400 4th Ave Ne, Austin, MN 55912-3372MN1944-09$5,398,973
SubordinateDawson Coop Credit UnionPO BOX 1002, Dawson, MN 56232-1002MN1944-09$5,374,867
SubordinateNovation Credit Union500 Imperial Ave N, Oakdale, MN 55128-7151MN1944-09$5,170,962
SubordinateHeartland Credit Union5500 S Robert Trl, Inver Grove, MN 55077-1445MN1944-09$4,829,870
SubordinateFinancial One Credit Union843 40th Ave Ne, Columbia Hts, MN 55421-2906MN1944-09$4,424,000
SubordinateAssociated Healthcare Credit Union, Ford Road Medical Center360 Sherman Street Suite B-10, St Paul, MN 55102-2577MN1944-09$4,315,319
SubordinateNorthwoods Credit Union1702 Avenue B, Cloquet, MN 55720-1958MN1944-09$3,934,809
SubordinateMinnesota Power Employees Credit Union, Minnesota Power Empls30 W Superior St, Duluth, MN 55802-2191MN1944-09$3,921,701
SubordinateDuluth Teachers Credit Union, American Association Of University Women11 W Second Street, Duluth, MN 55802MN1944-09$3,721,606
SubordinateFulda Area Credit Union205 N St Paul Ave, Fulda, MN 56131MN1944-09$3,642,828
SubordinateReal Financial Credit Union4450 W 76th St, Edina, MN 55435-5112MN1944-09$3,035,600
SubordinateComo Northtown Community Credit Union976 Lexington Pkwy N, Saint Paul, MN 55103-1108MN1944-09$2,594,303
Number of affiliated organizations

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