Pipefitters-steamfitters Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Pipefitters-steamfitters Credit Union is a 501(c)(14) organization based in Woodbury, Minnesota, registered in 1944, with $2,829,007 in FY2024 revenue. CharityIndex grades it B.
6445 Lake Road Ter Ste 100, Woodbury, MN, 55125 EIN 41-0843373 Since 1944
Revenue (FY2024)
$2.8M
▲ 19.8% vs prior year
Expenses (FY2024)
$2.3M
Net assets
$6.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Pipefitters-steamfitters 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 rating31 mo reserves · +17% 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 Pipefitters-steamfitters Credit Union: 31 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Pipefitters-steamfitters 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 →
CTransparency10% of the rating2 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 Pipefitters-steamfitters Credit Union: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $968K (FY2013) to $2.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $44.5MNet assets $6.0M
Operating margin
17.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$50.5M
Total liabilities
$44.5M
Net assets
$6.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,829,007▲19.8% | $2,333,953▲19.8% | $5,966,605▲9.0% | $50,468,925▼2.4% | 990 |
| 2023 | $2,360,509▲18.1% | $1,947,910▲7.3% | $5,471,551▲5.9% | $51,735,962▼6.4% | 990 |
| 2022 | $1,998,377▲14.0% | $1,814,928▲10.0% | $5,165,450▲3.7% | $55,270,773▲3.8% | 990 |
| 2021 | $1,752,251▼3.9% | $1,649,330▼0.6% | $4,982,001▲2.1% | $53,259,112▲9.1% | 990 |
| 2020 | $1,823,684▼3.0% | $1,659,840▲4.5% | $4,879,078▲3.5% | $48,811,724▲9.8% | 990 |
| 2019 | $1,879,430▲19.3% | $1,588,910▲11.9% | $4,715,234▲6.6% | $44,436,709▲11.7% | 990 |
| 2018 | $1,575,500▲20.4% | $1,419,354▲12.0% | $4,424,712▲3.7% | $39,788,405▲8.5% | 990 |
| 2017 | $1,308,772▲11.3% | $1,267,402▲18.6% | $4,268,566▲1.0% | $36,670,317▲4.7% | 990 |
| 2016 | $1,176,326▲6.3% | $1,069,030▲4.0% | $4,227,196▲2.6% | $35,013,062▲5.5% | 990 |
| 2015 | $1,106,627▲13.7% | $1,027,688▼8.0% | $4,119,899▲2.1% | $33,182,128▲6.9% | 990 |
| 2014 | $973,033▲0.5% | $1,116,529▲38.3% | $4,036,214▼3.4% | $31,045,067▲2.3% | 990 |
| 2013 | $968,064 | $807,422▼25.3% | $4,179,710▲4.0% | $30,356,236▲11.3% | 990 |
| 2012 | — | $1,081,128▲9.1% | $4,019,068▼1.2% | $27,263,205▲1.4% | 990 |
| 2011 | — | $991,379▼8.7% | $4,069,905▲2.8% | $26,884,915▼1.7% | 990 |
| 2010 | — | $1,085,841 | $3,957,410 | $27,335,998 | 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.
Frequently asked questions
- Is Pipefitters-steamfitters Credit Union a legitimate nonprofit?
- Yes. Pipefitters-steamfitters Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 41-0843373, based in Woodbury, Minnesota.
- What is Pipefitters-steamfitters Credit Union's EIN?
- Pipefitters-steamfitters Credit Union's Employer Identification Number (EIN) is 41-0843373.
- How much revenue does Pipefitters-steamfitters Credit Union report?
- Pipefitters-steamfitters Credit Union reported $2,829,007 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Pipefitters-steamfitters Credit Union have?
- CharityIndex grades Pipefitters-steamfitters Credit Union B, based on financial health (reserves and operating margin).
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Data for Pipefitters-steamfitters Credit Union (EIN 41-0843373) 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.