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OTTER TAIL CREDIT UNION

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Tax-exempt status may be revoked

OTTER TAIL CREDIT UNION

EIN 41-0790551

What they do

The Otter Tail Credit Union is A Not-for-profit, Member Owned, Financial Institution That Offers Financial Products and Services to Its Members At Competitive Rates Without Sacrificing Safety and Soundness. These Products and Services Will Be Administered In The Most Economical Way Feasible. The Credit Union Will Help Its Members to Make Better Financial Decisions By Educating Them On Issues Affecting Their Financial Well-being.

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2020The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$88.20spent for every $100 of revenueRevenue covered expenses this year.
$47.49in assets for every $1 spent this yearSome assets cannot be spent right away.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $44,392 for DAVID R WEST (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2020

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$368,027
Expenses$324,608
Annual surplus $43,419 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$368,027
Expenses$324,608
Assets$15,414,356
Accounting fees$77,473
People

Leadership and board

Tax year 2020

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DAVID R WESTPRESIDENT · 40 hrs/week $44,392

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (8)

DAVID R WESTPRESIDENT

AMY WESTERBERGASSISTANT SECRETARY/TREASURER

JEFFREY MCKEEVERCHAIRMAN OF THE BOARD

KAREN MOSTUESECRETARY

PAUL HENNENVICE-CHAIRMAN

PAUL SCHMIDTDIRECTOR

RUSSELL J LARSENTREASURER

TAMMY J BOLSTADMEMBERSHIP OFFICER

About this charity

Location
413 Stanton Avenue, Fergus Falls, MN 565372505
County
Otter Tail
In care of
David West
Primary officer
David West, President

How to reach them

Filing and classification

Latest tax year
2020
Tax period began
January 1, 2020
Return type
990
Revocation date
May 15, 2024

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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