Riverview Credit Union FY2020 filing

Not tax-deductible

South St Paul, MNMutual-benefit / member-servingMutual / membership EIN 41-6031223Revenue $292K in FY2020Latest return filed Mar 12, 2026

On file with the IRSmyrcu.comSouth St Paul, MNTax-exempt since Sep 1944

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To provide courteous, professional, and competitive financial services to meet the needs of our members while maintaining accurate and efficient operations to safeguard our members assets.

$89K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $34K a year · 10% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$89K
to officers and key staff · 32% of spending
Pay to officers and key staff is 32% of spending.
Part VII, Section A
97.3 mo
of spending, in cash
97.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.2M
85% of total assets
Liabilities are 85% of assets.
Pt X · Ln 26
Independent board members
4
of 5 voting members
4 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$292K
Spent
$276K
To programs
0%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$292K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$292K
FY2021$321K
FY2022$356K
FY2023$385K
FY2024$389K
FY2025$411K
Expenses
$276K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$276K
FY2021$278K
FY2022$307K
FY2023$331K
FY2024$367K
FY2025$390K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M
FY2025$1.3M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990; $89K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President &
$89,411Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Julia Havens$118,012$112,311$118,056$107,852$92,391$89,411

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Riverview Credit Union executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers courteous, professional financial services to meet member needs and safeguard assets.

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3 programs · in their own filed words · FY2020
01

The credit union has several types of loan programs available for our members. We funded 89 new loans to members during 2020. As of 12/31/20 we had 228 loans to our members.

Pt IX · Ln 25 · col B
02

The credit union has various types of deposit accounts available for our members. We opened 20 new deposit accounts in 2020. As of 12/31/20 we had 585 members.

Pt IX · Ln 25 · col B
03

.

Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$292K
Ln 12
Fees for servicesLn 2g$261K
Investment incomeLn 3$30K
Other incomeLn 4–11$496
Money outPt IX
$276K
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$7.2M
LiabilitiesLn 26$6.2M
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$261K
Investment incomeLn 3$30K
Other incomeLn 4–11$496
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$21K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.2M
Notes and loans receivableLn 7$4.3M
Prepaid expenses and deferred chargesLn 9$9K
Land, buildings, equipmentLn 10c$7K
InvestmentsLn 11–13$540K
Other assetsLn 15$106K
Total assetsLn 16$7.2M
LiabilitiesLn 26$6.2M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.1M$2.2M
InvestmentsLn 11–13$29K$540K
Land, buildings, equipmentLn 10c$8K$7K
Total assetsLn 16$6.3M$7.2M
LiabilitiesLn 26$5.3M$6.2M
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$500
Pay of officers and key staff (Part IX, line 5)Ln 5$89K
Other salaries and wagesLn 7$37K
Pension plan contributionsLn 8$8K
Other employee benefitsLn 9$2K
Payroll taxesLn 10$10K
Accounting feesLn 11c$2K
Other fees for servicesLn 11g$2K
Advertising and promotionLn 12$871
Office expensesLn 13$46K
Information technologyLn 14$29K
TravelLn 17$276
Conferences, conventions and meetingsLn 19$8K
InterestLn 20$3
Depreciation, depletion and amortizationLn 22$1K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$31K
Total functional expensesLn 25$276K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 12, 2026 $411K$390K$21K$1.3M 990 PDF
FY2024Filed with the IRS Apr 3, 2025 $389K$367K$22K$1.3M 990 PDF
FY2023Filed with the IRS Apr 25, 2024 $385K$331K$54K$1.2M 990 PDF
FY2022Filed with the IRS May 12, 2023 $356K$307K$49K$1.2M 990 PDF
FY2021Filed with the IRS Mar 9, 2022 $321K$278K$43K$1.1M 990 PDF
FY2020 ViewingFiled with the IRS Mar 19, 2021 $292K$276K$16K$1.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $291,625 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000$0
I-9 Program service revenuePrior year $276,187$260,647
I-10 Investment incomePrior year $26,710$30,482
I-11 Other revenuePrior year $423$496
I-12 Total revenuePrior year $304,320$291,625
I-13 Grants and similar amounts paid$500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $141,756$146,010
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $118,599$129,137
I-18 Total expensesPrior year $260,355$275,647
I-19 Revenue less expensesPrior year $43,965$15,978
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $291,625 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $260,647$260,647
VIII-3 Investment incomeExcluded from tax $30,482$30,482
VIII-5 RoyaltiesExcluded from tax $496$496
VIII-12 Total revenueRelated to mission $260,647 · Excluded from tax $30,978$291,625
Part IX · Statement of functional expenses $275,647 across 17 lines filed
IX-2 Grants to domestic individuals$500
IX-5 Pay of officers and key staff (Part IX, line 5)$89,411
IX-7 Other salaries and wages$36,719
IX-8 Pension plan contributions$7,568
IX-9 Other employee benefits$2,386
IX-10 Payroll taxes$9,926
IX-11c Accounting fees$1,627
IX-11g Other fees for services$1,571
IX-12 Advertising and promotion$871
IX-13 Office expenses$46,496
IX-14 Information technology$29,159
IX-17 Travel$276
IX-19 Conferences, conventions and meetings$7,788
IX-20 Interest$3
IX-22 Depreciation, depletion and amortization$1,428
IX-23 Insurance$9,411
IX-24 Other expenses (24a–d)$30,507
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$275,647
Part X · Balance sheet $7,243,830 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $63,560$20,520
X-2 Savings and temporary cash investmentsStart of year $2,036,515$2,215,398
X-7 Notes and loans receivableStart of year $4,096,052$4,345,545
X-9 Prepaid expenses and deferred chargesStart of year $9,886$9,104
X-10c Land, buildings and equipment, netStart of year $8,232$6,804
X-13 Program-related investmentsStart of year $29,112$540,082
X-15 Other assetsStart of year $100,776$106,377
X-16 Total assetsStart of year $6,344,133$7,243,830
X-17 Accounts payable and accrued expensesStart of year $14,684$20,140
X-25 Other liabilitiesStart of year $5,256,549$6,134,812
X-26 Total liabilitiesStart of year $5,271,233$6,154,952
X-31 Retained earnings or endowmentStart of year $1,072,900$1,088,878
X-32 Total net assets or fund balancesStart of year $1,072,900$1,088,878
X-33 Total liabilities and net assetsStart of year $6,344,133$7,243,830
Part XI · Reconciliation of net assets $1,088,878 net assets at year end
XI-1 Total revenue$291,625
XI-2 Total expenses$275,647
XI-3 Revenue less expenses$15,978
XI-4 Net assets at start of year$1,072,900
XI-10 Net assets at end of year$1,088,878

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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