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TO PROVIDE A VARIETY OF LOW OR NO COST SERVICES, LOW LOAN RATES, AND HIGHER SAVINGS RATES TO OUR MEMBERS, AND TO FULFILL OUR PHILOSOPHY OF "PEOPLE HELPING PEOPLE" BY PARTNERING WITH OUR MEMBERS TO CREATE SUCCESSFUL FINANCIAL FUTURES. OUR CURRENT FIELD OF MEMBERSHIP IS THE STATE OF IOWA, 6 COUNTIES IN EASTERN NEBRASKA, AND 8 COUNTIES AROUND THE MINNEAPOLIS-ST PAUL METRO IN MINNESOTA.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$459.8M
Total Contributions
$0
Total Expenses
▼$366.4M
Total Assets
$8B
Total Liabilities
▼$7.1B
Net Assets
$857.8M
Officer Compensation
→$4.9M
Other Salaries
$61.1M
Investment Income
$24.3M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$4.1M
Awards Found
4
Department of the Treasury
$900K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.
Department of Health and Human Services
$150K
VERIDIAN CREDIT UNION MATCH SAVING IDA PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2021 | Clean | Unmodified (Clean) | $1.8M | No | 2022-04-21 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.8M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
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| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $459.8M | $0 | $366.4M | $8B | $857.8M |
| 2023 | $393.8M | $0 | $320.5M | $7.5B | $748.3M |
| 2022 | $308.3M | $0 | $208.7M | $6.9B | $698.7M |
| 2021 | $284.9M | $0 | $165.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
| Total |
|---|
| Renee Christoffer | President/ceo | 50 | $1.2M | $0 | $301K | $1.5M |
| Keith Mesch | Chief Financial Officer | 50 | $535.2K | $0 | $188.9K | $724.1K |
| Traci Mcbee | Chairperson Elect | 6 | $2,468 | $0 | $0 | $2,468 |
| William Boevers | Secretary | 6 | $1,885 | $0 | $0 | $1,885 |
| Stephanie Atkin | Chairperson | 6 | $782 | $0 | $0 | $782 |
| Nick Waters | Treasurer | 6 | $0 | $0 | $0 | $0 |
Renee Christoffer
President/ceo
$1.5M
Hrs/Wk
50
Compensation
$1.2M
Related Orgs
$0
Other
$301K
Keith Mesch
Chief Financial Officer
$724.1K
Hrs/Wk
50
Compensation
$535.2K
Related Orgs
$0
Other
$188.9K
Traci Mcbee
Chairperson Elect
$2,468
Hrs/Wk
6
Compensation
$2,468
Related Orgs
$0
Other
$0
William Boevers
Secretary
$1,885
Hrs/Wk
6
Compensation
$1,885
Related Orgs
$0
Other
$0
Stephanie Atkin
Chairperson
$782
Hrs/Wk
6
Compensation
$782
Related Orgs
$0
Other
$0
Nick Waters
Treasurer
$0
Hrs/Wk
6
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Brett Engstrom | Chief Information Officer | 50 | $406K | $0 | $147.8K | $553.8K |
| Mark Koppedryer | Chief Experience Officer | 50 | $384K | $0 | $164.7K | $548.7K |
| Kara Vanwert | Chief Lending Officer | 50 | $374.3K | $0 | $147.1K | $521.4K |
| Shawna Matz | Chief People Officer | 50 | $373.7K | $0 | $123.8K | $497.5K |
| Gregory Slessor | Senior VP Of Legal | 50 | $367.5K | $0 | $121.7K | $489.2K |
| Emily L Kuntz |
Brett Engstrom
Chief Information Officer
$553.8K
Hrs/Wk
50
Compensation
$406K
Related Orgs
$0
Other
$147.8K
Mark Koppedryer
Chief Experience Officer
$548.7K
Hrs/Wk
50
Compensation
$384K
Related Orgs
$0
Other
$164.7K
Kara Vanwert
Chief Lending Officer
$521.4K
Hrs/Wk
50
Compensation
$374.3K
Related Orgs
$0
Other
$147.1K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Aubrey Ward | Board Of Director | 6 | $4,534 | $0 | $0 | $4,534 |
| Bob Kressig | Board Of Director | 6 | $0 | $0 | $0 | $0 |
| Cindy Sprole | Board Of Director | 6 | $798 | $0 | $0 | $798 |
| Cynthia Buettner | Board Of Director | 6 | $135 | $0 | $0 | $135 |
| Emsad Begic | Board Of Director | 6 | $485 | $0 | $0 | $485 |
| James Kacher | Board Of Director |
Aubrey Ward
Board Of Director
$4,534
Hrs/Wk
6
Compensation
$4,534
Related Orgs
$0
Other
$0
Bob Kressig
Board Of Director
$0
Hrs/Wk
6
Compensation
$0
Related Orgs
$0
Other
$0
Cindy Sprole
Board Of Director
$798
Hrs/Wk
6
Compensation
$798
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Douglas Gilbertson | Former Chief Operations Officer | — | $563.6K | $0 | $26K | $589.6K |
Douglas Gilbertson
Former Chief Operations Officer
$589.6K
Hrs/Wk
—
Compensation
$563.6K
Related Orgs
$0
Other
$26K
| $5.9B |
| $631.9M |
| 2020 | $250.7M | $0 | $184M | $5.1B | $516.4M |
| 2019 | $232.9M | $0 | $179.9M | $4.3B | $450M |
| 2018 | $201.5M | $0 | $150.9M | $4.1B | $396.7M |
| 2017 | $161.9M | $0 | $124.4M | $3.6B | $344.5M |
| 2016 | $135.2M | $0 | $116.4M | $3.1B | $308.4M |
| 2015 | $127.7M | $0 | $100.3M | $3B | $288.3M |
| 2014 | $120M | $0 | $95.4M | $2.6B | $269.8M |
| 2013 | $112.1M | $0 | $89.9M | $2.4B | $244.4M |
| 2012 | $110.3M | $0 | $86.4M | $2.4B | $228.8M |
| 2011 | $110.7M | $0 | $85.6M | $2B | $204.1M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| VP - Controller |
| 50 |
| $266.5K |
| $0 |
| $85.5K |
| $352K |
| Christi Hulme | VP Of Member Contact Center | 50 | $250K | $0 | $88K | $338K |
| Steven Lindaman | VP Of Commercial And Mortgage | 50 | $247.2K | $0 | $88.2K | $335.4K |
| Molly Schmidt | VP Of Information Technology | 50 | $224.4K | $0 | $88.9K | $313.4K |
Shawna Matz
Chief People Officer
$497.5K
Hrs/Wk
50
Compensation
$373.7K
Related Orgs
$0
Other
$123.8K
Gregory Slessor
Senior VP Of Legal
$489.2K
Hrs/Wk
50
Compensation
$367.5K
Related Orgs
$0
Other
$121.7K
Emily L Kuntz
VP - Controller
$352K
Hrs/Wk
50
Compensation
$266.5K
Related Orgs
$0
Other
$85.5K
Christi Hulme
VP Of Member Contact Center
$338K
Hrs/Wk
50
Compensation
$250K
Related Orgs
$0
Other
$88K
Steven Lindaman
VP Of Commercial And Mortgage
$335.4K
Hrs/Wk
50
Compensation
$247.2K
Related Orgs
$0
Other
$88.2K
Molly Schmidt
VP Of Information Technology
$313.4K
Hrs/Wk
50
Compensation
$224.4K
Related Orgs
$0
Other
$88.9K
| 6 |
| $0 |
| $0 |
| $0 |
| $0 |
| Justine Teut | Board Of Director | 6 | $24.4K | $0 | $0 | $24.4K |
| Larry Loss | Board Of Director | 6 | $1,721 | $0 | $0 | $1,721 |
| Pamela Ayres | Former Board Of Director | 6 | $98 | $0 | $0 | $98 |
| Will Montgomery | Board Of Director | 6 | $2,110 | $0 | $0 | $2,110 |
Cynthia Buettner
Board Of Director
$135
Hrs/Wk
6
Compensation
$135
Related Orgs
$0
Other
$0
Emsad Begic
Board Of Director
$485
Hrs/Wk
6
Compensation
$485
Related Orgs
$0
Other
$0
James Kacher
Board Of Director
$0
Hrs/Wk
6
Compensation
$0
Related Orgs
$0
Other
$0
Justine Teut
Board Of Director
$24.4K
Hrs/Wk
6
Compensation
$24.4K
Related Orgs
$0
Other
$0
Larry Loss
Board Of Director
$1,721
Hrs/Wk
6
Compensation
$1,721
Related Orgs
$0
Other
$0
Pamela Ayres
Former Board Of Director
$98
Hrs/Wk
6
Compensation
$98
Related Orgs
$0
Other
$0
Will Montgomery
Board Of Director
$2,110
Hrs/Wk
6
Compensation
$2,110
Related Orgs
$0
Other
$0