Blaze Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Blaze Credit Union is a 501(c)(14) organization based in Falcon Hgts, Minnesota, registered in 1944, with $267,991,867 in FY2024 revenue. CharityIndex grades it A.
2025 Larpenteur Ave W, Falcon Hgts, MN, 55113 EIN 41-0585825 Since 1944
Revenue (FY2024)
$268.0M
▲ 130.5% vs prior year
Expenses (FY2024)
$240.6M
Net assets
$298.0M
Employees
862
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Blaze Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Blaze Credit Union: 15 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Blaze Credit Union: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Blaze Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Create better lives for our members.
What they do
Dividends paid to members on 516,354 deposit accounts.
Recording member account activity and providing members access to their accounts via home banking, atm networks, and in person at the cu office.
Contact & location
- Address
- 2025 Larpenteur Ave W, Falcon Hgts, MN, 55113
- City
- Falcon Hgts
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $18.5M (FY2014) to $268.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.0BNet assets $298.0M
Operating margin
10.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.3B
Total liabilities
$4.0B
Net assets
$298.0M
Salaries & benefits
$71.6M
30% of expenses
Board members
17
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $267,991,867▲131% | $240,639,425▲112% | $297,957,629▲88.3% | $4,260,893,844▲96.6% | 990 |
| 2023 | $116,264,620▲29.9% | $113,681,958▲54.8% | $158,276,471▲5.4% | $2,167,288,625▲2.3% | 990 |
| 2022 | $89,487,429▲10.1% | $73,419,128▲21.2% | $150,189,647▲0.6% | $2,119,022,641▲8.7% | 990 |
| 2021 | $81,305,193▲17.7% | $60,560,252▲5.2% | $149,314,157▲17.6% | $1,948,614,361▲25.4% | 990 |
| 2020 | $69,087,243▲15.4% | $57,545,759▲13.4% | $126,924,788▲10.8% | $1,554,375,693▲25.1% | 990 |
| 2019 | $59,842,034▲18.8% | $50,726,299▲18.7% | $114,596,797▲21.7% | $1,242,852,658▲15.9% | 990 |
| 2018 | $50,364,322▲14.5% | $42,721,415▲10.4% | $94,152,010▲8.8% | $1,072,790,298▲9.5% | 990 |
| 2017 | $43,989,699▲15.3% | $38,683,866▲13.6% | $86,512,260▲10.9% | $979,607,332▲9.6% | 990 |
| 2016 | $38,140,949▲8.7% | $34,062,200▲7.8% | $78,032,907▲7.3% | $893,889,886▲8.3% | 990 |
| 2015 | $35,085,758▲89.7% | $31,604,662▲90.0% | $72,695,285▲4.8% | $825,611,850▲6.2% | 990 |
| 2014 | $18,491,129 | $16,632,667 | $69,345,738 | $777,745,579 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Dan Stoltz — $1,591,777 (0.66% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dan Stoltz | Ceo | 40 | $1,591,777 |
| James Ganger | Sr Vp Relationship & Servi | 40 | $824,789 |
| Cliff Wantz | Sr Vp of Lending and Produ | 40 | $777,001 |
| Casey Carlson | Svp Chief Marketing Officer | 40 | $753,984 |
| William Boden | President/chief Transformation Officer | 40 | $694,091 |
| Paul Zyla | Svp/chief Information Officer | 40 | $657,156 |
| Tom Langseth | Investment Service Advisor | 40 | $510,161 |
| David Engler | Vp Wealth Management | 40 | $417,687 |
| Justin Burleson | Svp/chief Ops & Financial Officer | 40 | $407,753 |
| Scott Ekholm | Financial Advisor | 40 | $365,440 |
| Brian White | Svp/chief Information Officer | 40 | $323,786 |
| Steve Carlson | Financial Executive | 40 | $323,451 |
| Dean Warzala | Svp/chief Marketing Officer | 40 | $318,637 |
| Aaron Kastner | Svp/chief Financial Officer | 40 | $317,923 |
| Windy Maczko | Wealth Management | 40 | $288,805 |
| Glen Durbahn | Svp/chief Delivery Officer | 40 | $273,767 |
| Christine Cordell | Svp/chief Project & Learning Officer | 40 | $253,292 |
| Tara Graff | Svp Chief Communications Officer | 40 | $232,480 |
| Bob Oehrlein | Secretary | 1 | — |
| Carl Anderson | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Greiner Construction Inc | Building Maintenance/construction | $16,246,055 |
| Leroy Signs Inc | Buidling Signage Construction | $4,293,621 |
| Alkami Technology Inc | Digital Banking Software | $3,191,863 |
| Q2 Software Inc | Digital Banking Software | $3,081,076 |
| Fiserv Inc | Various Hardware/software | $2,735,933 |
Grants made · $601K in FY2024
33 grants totaling $601K in FY2024 — showing the 15 largest. All grants made by Blaze Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Salvation Army | Donations | $101,250 |
| Friends of the St Paul Public Library | Program and event sponsorship/donation | $75,000 |
| Ordway Center For the Performing Arts | Event sponsorship/donation | $45,000 |
| Regions Hospital Foundation | Donations | $40,428 |
| The Bond Between PC | Donations | $35,000 |
| Como Friends | Donation/event sponsorship | $34,250 |
| Spare Key | Donations/event sponsorships | $21,500 |
| Because I Said I Would | Donation | $20,000 |
| Bestprep | Event sponsorship/donation | $17,500 |
| University of Minnesota Foundation | Event and program sponsorships (bell museum and medical research) | $15,000 |
| Hunger Related Events | Event sponsorships | $11,000 |
| At Home Group Inc | Donation | $11,000 |
| Area Neighborhood Service Center Inc | Donations | $10,050 |
| Boys Club of Duluth | Donation | $10,000 |
| Angel Foundation | Donation | $10,000 |
Frequently asked questions
- Is Blaze Credit Union a legitimate nonprofit?
- Yes. Blaze Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 41-0585825, based in Falcon Hgts, Minnesota.
- What is Blaze Credit Union's EIN?
- Blaze Credit Union's Employer Identification Number (EIN) is 41-0585825.
- How much revenue does Blaze Credit Union report?
- Blaze Credit Union reported $267,991,867 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Blaze Credit Union have?
- CharityIndex grades Blaze Credit Union A, based on financial health (reserves and operating margin).
- How much does Blaze Credit Union's highest-paid employee make?
- The highest reported compensation on Blaze Credit Union's latest Form 990 is $1,591,777, paid to Dan Stoltz (Ceo).
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Data for Blaze Credit Union (EIN 41-0585825) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.