NonprofitsMinnesota Power Employees Credit Union

Minnesota Power Employees Credit Union

DULUTH, MN

Total revenue

$8.5M

Total expenses

$7.3M

Net assets

$15.7M

Grants received

EIN

410418235

Tax year

2024

Mission

Member owned and member driven

Programs

2 programs

Mpecu provides free online financial management tools to its members. During the year, the credit union paid approximately $57,366 for these types of services.

Expenses: $57K

Mpecu has an atm fee reimbursement program that refunded $46,099 in atm surcharge fees back to its members.

Expenses: $46K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$6.3M
Investment income$1.3M
Other revenue$914K
Total revenue$8.5M

Expenses

Grants paid
Salaries & benefits$1.8M
Fundraising
Other expenses$3.6M
Total expenses$7.3M
Total assets$160.2M
Net assets$15.7M

People

11 listed

NameRoleCompensation

DEBORA ALMIRALL

PRESIDENT/CEO

Board

$151K

40 hrs/wk

MARCIA PODRATZ

BOARD CHAIR

Board

2 hrs/wk

STEVE SHARKEY

VICE CHAIR

Board

2 hrs/wk

NATHAN SCHMIDT

SECRETARY

Board

2 hrs/wk

JEREMY CAINE

BOARD MEMBER

Board

2 hrs/wk

MIKE FRENCH

BOARD MEMBER

Board

2 hrs/wk

THOMAS MEYER

BOARD MEMBER

Board

2 hrs/wk

KENT OLIVER

BOARD MEMBER

Board

2 hrs/wk

JASON OLSEN

SVP BUSINESS LENDING

Staff

$147K

40 hrs/wk

DAVE KAUMA

VP FINANCE

Staff

$117K

40 hrs/wk

ANNIE LEPPER

VP LENDING & MARKETING

Staff

$111K

40 hrs/wk

Independent contractors

JACK HENRY & ASSOCIATES

CORE PROCESSOR AND CREDIT CARD PROVIDER

$368K

MINNESOTA CREDIT UNION EMPLOYEE BENEFITS

MEDICAL INSURANCE PROVIDER FOR MPECU EMP

$218K

VC3

TECHNICAL SUPPORT/IT VENDOR

$145K

Details

EIN410418235
Subsection14
Ruling date1944-09
Formed1933
Employees24
Volunteers14
MINNESOTA POWER EMPLOYEES CREDIT UNION — Mission, Financials & Grants Received | Grantivo