Civic Intelligence

Southpoint Financial Credit Union

EIN 41-0518425 • 501(c)14 • Sleepy Eye, MN

View Organization Page

Profile

Southpoint financial credit union empowers members to achieve their goals and dreams by providing exceptional service and guidance. We aspire to become the primary financial institution for members, contribute to the well-being of our communities and maintain earnings and reserves which promote sound growth and encourage member confidence and loyalty.

924 Main Street EastSleepy Eye, MN 56085

www.southpointfinancial.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.90x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

16.70x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

30th percentile

5.6%

Higher net margin than 30% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$322,484

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Asset Growth

89th percentile

9.2%

Faster asset growth than 89% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

17%

Faster revenue growth than 71% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets44th percentile

Assets

$572,168,874

No earlier filing loaded for comparison.

Liabilities

$512,626,918

No earlier filing loaded for comparison.

Net Assets

$59,541,956

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue74th percentileNet Margin30th percentile

Revenue

$30,688,891

No earlier filing loaded for comparison.

Expenses

$28,971,069

No earlier filing loaded for comparison.

Net Income

$1,717,822

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2016: $308,277,923Liabilities 2016: $264,426,740Net Assets 2016: $43,851,1832016Assets 2017: $334,971,962Liabilities 2017: $289,858,350Net Assets 2017: $45,113,6122017Assets 2018: $353,734,866Liabilities 2018: $306,883,688Net Assets 2018: $46,851,1782018Assets 2020: $432,718,666Liabilities 2020: $381,493,253Net Assets 2020: $51,225,4132020Assets 2021: $509,297,128Liabilities 2021: $454,239,927Net Assets 2021: $55,057,2012021Assets 2022: $533,091,091Liabilities 2022: $480,384,586Net Assets 2022: $52,706,5052022Assets 2024: $572,168,874Liabilities 2024: $512,626,918Net Assets 2024: $59,541,9562024

Highlighted filing

2024

Assets$572,168,874
Liabilities$512,626,918
Net Assets$59,541,956
Open 2024 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0Revenue 2016: $12,698,162Expenses 2016: $10,810,471Net Income 2016: $1,887,6912016Revenue 2017: $14,222,074Expenses 2017: $12,919,523Net Income 2017: $1,302,5512017Revenue 2018: $16,496,430Expenses 2018: $14,735,064Net Income 2018: $1,761,3662018Revenue 2020: $20,893,636Expenses 2020: $18,431,945Net Income 2020: $2,461,6912020Revenue 2021: $21,366,397Expenses 2021: $16,850,522Net Income 2021: $4,515,8752021Revenue 2022: $21,293,740Expenses 2022: $18,078,756Net Income 2022: $3,214,9842022Revenue 2024: $30,688,891Expenses 2024: $28,971,069Net Income 2024: $1,717,8222024

Highlighted filing

2024

Revenue$30,688,891
Expenses$28,971,069
Net Income$1,717,822
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$572,168,874
Liabilities
$512,626,918
Net assets
$59,541,956
Revenue
$30,688,891
Expenses
$28,971,069
Net income
$1,717,822
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$572$513$59.5$30.7$29.0$1.72
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$533$480$52.7$21.3$18.1$3.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$509$454$55.1$21.4$16.9$4.52
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$433$381$51.2$20.9$18.4$2.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$354$307$46.9$16.5$14.7$1.76
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$335$290$45.1$14.2$12.9$1.30
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$308$264$43.9$12.7$10.8$1.89
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$30,792,021
Mission and Program Overview

Mission

Southpoint financial credit union empowers members to achieve their goals and dreams by providing exceptional service and guidance. We aspire to become the primary financial institution for members, contribute to the well-being of our communities and maintain earnings and reserves which promote sound growth and encourage member confidence and loyalty.

Southpoint financial credit union empowers members to achieve their goals and dreams by providing exceptional service and guidance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$395,088,110$412,988,136▲ $17,900,026
Rtn Earn Endowment Incm Other Fnds$56,297,589$59,541,956▲ $3,244,367
Savings and Temporary Cash Investments$16,928,061$54,509,933▲ $37,581,872
Investments in Publicly Traded Securities$64,126,255$48,495,471▼ $15,630,784
Land, Buildings, and Equipment, Net$15,307,587$14,988,718▼ $318,869
Receivables From Officers Etc$5,714,745$5,710,233▼ $4,512
Cash and Non-Interest-Bearing Accounts$4,494,843$5,606,243▲ $1,111,400
Investments Other Securities$1,029,300$3,434,700▲ $2,405,400
Prepaid Expenses and Deferred Charges$978,900$971,841▼ $7,059
Intangible Assets$560,000$570,000▲ $10,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$524,051,905$572,168,874▲ $48,116,969
Other Assets Total$19,824,104$24,893,599▲ $5,069,495
Liabilities
Other Liabilities$451,979,752$482,671,235▲ $30,691,483
Mortgage Notes Payable Secured by Investment Property$10,000,000$25,000,000▲ $15,000,000
Accounts Payable and Accrued Expenses$5,774,564$4,955,683▼ $818,881
Total Liabilities$467,754,316$512,626,918▲ $44,872,602
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,297,589$59,541,956▲ $3,244,367
Total Liabilities and Net Assets / Fund Balance$524,051,905$572,168,874▲ $48,116,969

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,803,170$3,818,055$11,621,225
Equipment$2,997,747$6,012,112$9,009,859
Land$3,887,478-$3,887,478
Other Land Buildings$300,323$212,820$513,143
Leasehold Improvements$0$172,347$172,347
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jay GostonczikCEOFT$265,831$56,653$322,484
Alan PetersonCFOFT$190,662$23,292$213,954
David SchoutenCIOFT$165,573$42,252$207,825
Troy DiedrichEvpFT$184,387$16,252$200,639
Patrice GohlCOOFT$182,248$12,529$194,777
Robert SchmidCLOFT$134,596$25,557$160,153
Jeffrey AndersonVP of LendingFT$110,103$20,606$130,709
Joel HeitnerDirector of Deposits and Member ExperienceFT$121,637$6,939$128,576
Amanda CookDirector of OperationsFT$112,360$6,412$118,772
Michael JonesSenior Business Tech ConsultantFT$109,038-$109,038

Board Members and Trustees

NameTitle
Adam SeifertBoard Chairperson
Matt LuxBoard Vice Chairperson
Ashok GoyalBoard Member
Bob WeissBoard Member
Jerry ForsterBoard Member
Mark BruggemanBoard Member
Scott SuprenantBoard Member
Tammy HelgetBoard Member
Charlie GravelleBoard Secretary, Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Greiner ConstructionContractor121 S 8TH ST, Minneapolis, MN 55402$3,542,793
FiservData ProcessingPO BOX 934057, Atlanta, GA 31193$1,509,838
Nu Source FinancialSoftware For Member Experience9749 HAMILTON ROAD, Eden Prairie, MN 55344$546,540
NcrSoftware864 SPRING ST NW, Atlanta, GA 30308$330,215
Eo JohnsonIt ServicesPO BOX 539003, Henderson, NV 89053$231,611
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$28,112,964
Investment Income
$2,575,927
Other Revenue
$0
Change in Net Assets
$1,717,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,551,817
Salaries, Compensation, and Employee Benefits$8,644,575
Grants and Similar Amounts Paid$31,866
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$9,742,811
Other Salaries and Wages---$5,657,935
Office Expenses---$3,776,390
Interest---$1,324,863
Current Officers, Directors, Trustees, and Key Employees---$1,139,679
Depreciation Depletion---$1,040,917
Other Employee Benefits---$1,003,448
Information Technology---$766,500
Occupancy---$695,755
Payroll Taxes---$499,314
Fees for Services Other---$487,441
Advertising---$471,251
Pension Plan Contributions---$344,199
Travel---$97,226
Fees for Services Legal---$83,417
Other Expenses---$68,153
Fees for Service Investment Mgmnt Fees---$51,376
Grants to Domestic Orgs---$31,866
Fees for Services Accounting---$14,597
Total Functional Expenses$0$0$0$28,971,069
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Southpoint Financial Credit Union FoundationSleepy Eye, MN501(c)(3)TO SUPPORT THE FOUNDATION'S MISSION OF CHARITABLE AND EDUCATIONAL PURPOSES.$31,866
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$5,714,745$5,710,233▼ $4,512
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES$482,671,235
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Membership in southpoint financial credit union (spfcu or the credit union) is open by geographic charter to serve individuals who live, work, worship, or attend school and businesses and other legal entities located within the area of brown, redwood, renville, nicollet, sibley, blue earth, faribault, martin, watonwan, cottonwood, murray, lyon, kandiyohi, meeker, mcleod, carver, le sueur, wright, scott, rice, waseca, steele, and freeborn counties, minnesota, (and/or become a patron of the southpoint financial credit union foundation). Members may maintain their membership for a lifetime and therefore, may utilize the services at spfcu even if they have moved away from this area.”

Form 990, Part VI, Section A, Line 7A

“Members vote for board of directors, which are also members.”

Form 990, Part VI, Section A, Line 7B

“Members must vote on board of directors and any compensation of the board.”

Form 990, Part VI, Section A, Line 8B

“No committee has authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Cfo reviews documents for accuracy, then ceo does final approval of the 990 form.”

Form 990, Part VI, Section B, Line 12C

“The board and supervisory committee sign an annual agreement regarding conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“The compensation for the ceo is determined by the bod. Executive management compensation is determined by the ceo in accordance with the credit union's compensation structure. Executive managers compensate mid-level managers and key employees based on the credit union's compensation structure.”

Form 990, Part VI, Section C, Line 19

“A balance sheet is available in the lobby of each of our retail branches.”

Filing and Contact Details

Filer

Filer Name
Southpoint Financial Credit Union
EIN
41-0518425
Phone
5077946712
Address
924 MAIN STREET EAST, SLEEPY EYE, MN 56085

Signing Officer

Name
Al Peterson
Title
CFO
Phone
5072335602
Signed
2025-11-17

Organization Details

Principal Officer
Jay Gostonczik
Formed
1936
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
148
Volunteers
11

Preparer

Firm
Doeren Mayhew
Address
8785 SW 165TH AVENUE SUITE 303, MIAMI, FL 33193
Preparer
Aubrey Clegg
Phone
3052328272
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The oversight and selection process has not changed from the prior tax year.”

Financial Statement Notes

PART X, LINE 2:

“The credit union is exempt, by statute (irc section 501(c)14), from federal and state income taxes.”

Raw XML AppendixShowing 400 of 709 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05774564
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04955683
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SOUTHPOINT FINANCIAL CREDIT UNION EMPOWERS MEMBERS TO ACHIEVE THEIR GOALS AND DREAMS BY PROVIDING EXCEPTIONAL SERVICE AND GUIDANCE.
IRS990/AdvertisingGrp/TotalAmt0471251
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt09742811
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ALAN PETERSON
IRS990/BooksInCareOfDetail/PhoneNum05072335602
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0924 MAIN STREET E
IRS990/BooksInCareOfDetail/USAddress/CityNm0SLEEPY EYE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd056085
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt04494843
IRS990/CashNonInterestBearingGrp/EOYAmt05606243
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt020
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01139679
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt03542793
IRS990/ContractorCompensationGrp/CompensationAmt11509838
IRS990/ContractorCompensationGrp/CompensationAmt2546540
IRS990/ContractorCompensationGrp/CompensationAmt3330215
IRS990/ContractorCompensationGrp/CompensationAmt4231611
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0121 S 8TH ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 934057
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt29749 HAMILTON ROAD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3864 SPRING ST NW
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO BOX 539003
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0MINNEAPOLIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1ATLANTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2EDEN PRAIRIE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3ATLANTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4HENDERSON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4NV
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd055402
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd131193
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd255344
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd330308
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd489053
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0GREINER CONSTRUCTION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1FISERV
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2NU SOURCE FINANCIAL
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3NCR
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4EO JOHNSON
IRS990/ContractorCompensationGrp/ServicesDesc0CONTRACTOR
IRS990/ContractorCompensationGrp/ServicesDesc1DATA PROCESSING
IRS990/ContractorCompensationGrp/ServicesDesc2SOFTWARE FOR MEMBER EXPERIENCE
IRS990/ContractorCompensationGrp/ServicesDesc3SOFTWARE
IRS990/ContractorCompensationGrp/ServicesDesc4IT SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt09742811
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt031866
IRS990/CYInvestmentIncomeAmt02575927
IRS990/CYOtherExpensesAmt010551817
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt028112964
IRS990/CYRevenuesLessExpensesAmt01717822
IRS990/CYSalariesCompEmpBnftPaidAmt08644575
IRS990/CYTotalExpensesAmt028971069
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt030688891
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt01040917
IRS990/Desc0PROVIDE 32,431 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA, HEALTH SAVINGS AND MONEY MARKET ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $482,671,000 AS OF DECEMBER 31, 2024.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt0148
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt014597
IRS990/FeesForServicesLegalGrp/TotalAmt083417
IRS990/FeesForServicesOtherGrp/TotalAmt0487441
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt051376
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt74.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt84.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt944367
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1021631
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1110868
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1211033
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1333252
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1418127
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt156939
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt166412
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1720606
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/PersonNm0ADAM SEIFERT
IRS990/Form990PartVIISectionAGrp/PersonNm1MATT LUX
IRS990/Form990PartVIISectionAGrp/PersonNm2CHARLIE GRAVELLE
IRS990/Form990PartVIISectionAGrp/PersonNm3SCOTT SUPRENANT
IRS990/Form990PartVIISectionAGrp/PersonNm4BOB WEISS
IRS990/Form990PartVIISectionAGrp/PersonNm5TAMMY HELGET
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK BRUGGEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7JERRY FORSTER
IRS990/Form990PartVIISectionAGrp/PersonNm8ASHOK GOYAL
IRS990/Form990PartVIISectionAGrp/PersonNm9JAY GOSTONCZIK
IRS990/Form990PartVIISectionAGrp/PersonNm10ALAN PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm11PATRICE GOHL
IRS990/Form990PartVIISectionAGrp/PersonNm12TROY DIEDRICH
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID SCHOUTEN
IRS990/Form990PartVIISectionAGrp/PersonNm14ROBERT SCHMID
IRS990/Form990PartVIISectionAGrp/PersonNm15JOEL HEITNER
IRS990/Form990PartVIISectionAGrp/PersonNm16AMANDA COOK
IRS990/Form990PartVIISectionAGrp/PersonNm17JEFFREY ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHAEL JONES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9278117
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10192323
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11183909
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12189606
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13174573
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14142026
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15121637
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16112360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17110103
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18109038
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD SECRETARY, TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt11COO
IRS990/Form990PartVIISectionAGrp/TitleTxt12EVP
IRS990/Form990PartVIISectionAGrp/TitleTxt13CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF DEPOSITS AND MEMBER EXPERIENCE
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP OF LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt18SENIOR BUSINESS TECH CONSULTANT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-25573
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticOrgsGrp/TotalAmt031866
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt077557
IRS990/GrossReceiptsAmt030792021
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt011
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0766500
IRS990/IntangibleAssetsGrp/BOYAmt0560000
IRS990/IntangibleAssetsGrp/EOYAmt0570000
IRS990/InterestGrp/TotalAmt01324863
IRS990/InvestmentIncomeGrp/ExclusionAmt02601500
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02601500
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01029300
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03434700
IRS990/InvestmentsPubTradedSecGrp/BOYAmt064126255
IRS990/InvestmentsPubTradedSecGrp/EOYAmt048495471
IRS990/IRPDocumentCnt016839
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010215334
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015307587
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014988718
IRS990/LandBldgEquipCostOrOtherBssAmt025204052
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0103130
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SOUTHPOINT FINANCIAL CREDIT UNION EMPOWERS MEMBERS TO ACHIEVE THEIR GOALS AND DREAMS BY PROVIDING EXCEPTIONAL SERVICE AND GUIDANCE. WE ASPIRE TO BECOME THE PRIMARY FINANCIAL INSTITUTION FOR MEMBERS, CONTRIBUTE TO THE WELL-BEING OF OUR COMMUNITIES AND MAINTAIN EARNINGS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt025000000
IRS990/NetAssetsOrFundBalancesBOYAmt056297589
IRS990/NetAssetsOrFundBalancesEOYAmt059541956
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-25573
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-25573
IRS990/NetUnrelatedBusTxblIncmAmt062367
IRS990/NetUnrlzdGainsLossesInvstAmt01526545
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0695755
IRS990/OfficeExpensesGrp/TotalAmt03776390
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019824104
IRS990/OtherAssetsTotalGrp/EOYAmt024893599
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01003448
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3EDUCATION/TRAINING
IRS990/OtherExpensesGrp/TotalAmt01108435
IRS990/OtherExpensesGrp/TotalAmt1330510
IRS990/OtherExpensesGrp/TotalAmt2234986
IRS990/OtherExpensesGrp/TotalAmt368153
IRS990/OtherLiabilitiesGrp/BOYAmt0451979752
IRS990/OtherLiabilitiesGrp/EOYAmt0482671235
IRS990/OtherSalariesAndWagesGrp/TotalAmt05657935
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0395088110
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0412988136
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0499314
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0344199
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0978900
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0971841
IRS990/PrincipalOfficerNm0JAY GOSTONCZIK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2520000
IRS990/ProgramServiceRevenueGrp/BusinessCd3540000
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1FEES, CHARGES & OTHER
IRS990/ProgramServiceRevenueGrp/Desc2FINANCE & INSURANCE
IRS990/ProgramServiceRevenueGrp/Desc3TECHNICAL SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021948673
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15736911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021948673
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15736911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2483287
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-55907
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0483287
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1-55907
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE 16,335 LOANS INCLUDING MORTGAGES, BUSINESS, HOME EQUITY, CREDIT CARDS, SHARE SECURED, VEHICLE, AND LINE OF CREDIT LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $414,672,000 AS OF DECEMBER 31, 2024.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01432686
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt024710206
IRS990/PYRevenuesLessExpensesAmt011649230
IRS990/PYSalariesCompEmpBnftPaidAmt06117475
IRS990/PYTotalExpensesAmt014493662
IRS990/PYTotalProfFndrsngExpnsAmt08376187
IRS990/PYTotalRevenueAmt026142892
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt05714745
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt05710233
IRS990/ReconcilationRevenueExpnssAmt01717822
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt056297589
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt059541956
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016928061
IRS990/SavingsAndTempCashInvstGrp/EOYAmt054509933
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07803170
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03818055
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011621225
IRS990ScheduleD/EquipmentGrp/BookValueAmt02997747
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06012112
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09009859
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03887478
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03887478
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0172347
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0172347
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0300323
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0212820
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0513143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0482671235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT, BY STATUTE (IRC SECTION 501(C)14), FROM FEDERAL AND STATE INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014988718
IRS990ScheduleD/TotalLiabilityAmt0482671235

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)14 • $250M-$1B nonprofits