NonprofitsEly Area Credit Union

Ely Area Credit Union

ELY, MN

Total revenue

$2.9M

Total expenses

$1.7M

Net assets

$67.3M

Grants received

EIN

410237440

Tax year

2024

Mission

As a memberowned financial cooperative we will develop and offer competitive product lines that meet members needs while maintaining asset strength and be a fullservice organization that satisfies the needs of the membership

Programs

2 programs

Provides financial and financially related services to our members.

Provides a source of credit to members at a fair and reasonable rate of interest.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.8M
Investment income$817K
Other revenue$370K
Total revenue$2.9M

Expenses

Grants paid
Salaries & benefits$618K
Fundraising
Other expenses$1.0M
Total expenses$1.7M
Total assets$67.4M
Net assets$67.3M

People

8 listed

NameRoleCompensation

TODD AHO

VICE CHAIR

Board

1 hrs/wk

STEPHEN PETERSON

CHAIR

Board

1 hrs/wk

DEB ANDERSON

BOARD MEMBER

Board

1 hrs/wk

TINA FOSTER

BOARD MEMBER

Board

1 hrs/wk

TONY GORNIK

BOARD MEMBER

Board

1 hrs/wk

BARBARA MATHEWS

BOARD MEMBER

Board

1 hrs/wk

KERRY DAVIS

BOARD MEMBER

Board

1 hrs/wk

MARK KREKELBERG

TREASURERMANAGER

Staff

$120K

40 hrs/wk

Details

EIN410237440
Subsection14
Ruling date1944-09
Formed1938
Employees11
Volunteers10
ELY AREA CREDIT UNION — Mission, Financials & Grants Received | Grantivo