Fulda Area Credit Union in Fulda, Minnesota (MN)

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Fulda Area Credit Union
Employer Identification Number (EIN)411563619
Name of OrganizationFulda Area Credit Union
Address205 N St Paul Ave, Fulda, MN 56131-3004
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)
OrganizationAssociation
Tax Period12/2012
Assets$50,000,000 to greater
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$71,439,737
Amount of Income$3,642,828
Form 990 Revenue Amount$3,642,828


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
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 2012)
Total revenue$3,642,828
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$3,473,243
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$212,814
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$10,800
Gross rents (Real / Personal)$10,800 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$10,800 / $0
Net loss from sales of assets other than inventory$-54,029
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $-54,029
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0
Gain or (loss) (Securities / Other)$0 / $-54,029
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 2012)
Total functional expenses$3,145,015
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$1,274,063
Payroll taxes$103,681
Professional fundraising services$0
Other$1,767,271
Balance Sheet (for 2012)
Total assets$71,439,737
Total liabilities$64,212,520
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
Other$64,212,520
Total net assets or fund balances$7,227,217
Retained earnings, endowment, accumulated income, or other funds$7,227,217
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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11Fulda Area Credit Union205 N St Paul Ave, Fulda, MN 56131-3004MN1944-09$3,642,828
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20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralCredit Unions In The State Of Minnesota, Commerce Dept Dvsn Financial Exams85 7th Pl E Ste 500, St Paul, MN 55101-2198MN1944-09$0
SubordinateWings Financial Credit Union14985 Glazier Ave, Apple Valley, MN 55124-7484MN1944-09$304,590,728
SubordinateRichfield-Bloomington Credit Union345 E 77th St, Richfield, MN 55423-4312MN1944-09$32,765,082
SubordinateSt Paul Postal Employees Credit, Ideal Credit Union8499 Tamarack Rd, Woodbury, MN 55125-9201MN1944-09$27,374,758
SubordinateCity & County Credit Union144 11th St E, Saint Paul, MN 55101-2380MN1944-09$26,723,866
SubordinateMembers Cooperative Credit Union101 14th St, Cloquet, MN 55720-1903MN1944-09$20,876,750
SubordinateMinnco Credit Union235 1st Ave W, Cambridge, MN 55008-1528MN1944-09$13,313,594
SubordinateAnoka Hennepin Credit Union3505 Northdale Blvd, Coon Rapids, MN 55448-4501MN1944-09$8,256,181
SubordinateAccentra Credit Union400 4th Ave Ne, Austin, MN 55912-3372MN1944-09$8,121,084
SubordinateFirst Alliance Credit Union320 Alliance Pl Ne, Rochester, MN 55906-3975MN1944-09$7,924,783
SubordinateCo-Op Credit Union Of MontevideoPO BOX 447, Montevideo, MN 56265-0447MN1944-09$6,138,168
SubordinateUnited Educators Credit Union14989 Florence Trl, Apple Valley, MN 55124-4629MN1944-09$5,628,813
SubordinateDawson Coop Credit UnionPO BOX 1002, Dawson, MN 56232-1002MN1944-09$5,369,641
SubordinateNovation Credit Union500 Imperial Ave N, Oakdale, MN 55128-7151MN1944-09$5,114,348
SubordinateHeartland Credit Union5500 S Robert Trl, Inver Grove, MN 55077-1445MN1944-09$4,781,233
SubordinateAssociated Healthcare Credit Union, Ford Road Medical Center360 Sherman St Ste B10, Saint Paul, MN 55102-2577MN1944-09$4,758,745
SubordinateFinancial One Credit Union843 40th Ave Ne, Columbia Hts, MN 55421-2906MN1944-09$4,634,240
SubordinateNorthwoods Credit Union1702 Avenue B, Cloquet, MN 55720-1958MN1944-09$4,463,521
SubordinateMinnesota Power Employees Credit Union, Minnesota Power Empls30 W Superior St, Duluth, MN 55802-2191MN1944-09$4,263,942
SubordinateDuluth Teachers Credit Union, American Association Of University Women11 W Second Street, Duluth, MN 55802MN1944-09$3,664,707
Number of affiliated organizations
Minnesota98
Texas1
Total99

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