Overview
What is Duluth Police Department Employees Credit Union?
The Duluth Police Department Employees Credit Union is a nonprofit organization located at 2030 N ARLINGTON AVE, DULUTH, MN, 55811. Their primary mission is to foster savings among their members and provide them with a legitimate source of credit. They offer various deposit accounts and had 13 new accounts opened in 2022. As of December 31, 2022, they served a membership of 711 individuals. The credit union's team consists of three employees, working diligently to support the financial needs of their members.
Is Duluth Police Department Employees Credit Union legitimate?
Duluth Police Department Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Duluth Police Department Employees Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $32,434
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,350
For more financial information, click here
What is the mission statement of Duluth Police Department Employees Credit Union?
The Duluth Police Department Employees Credit Union's mission is centered around promoting thrift among its members and serving as a legitimate source of credit for them, offering interest rates that are fair. The credit union's activities are geared towards encouraging savings among its members and providing them with accessible credit. As of December 31, 2022, the credit union had 711 members and offered various types of deposit accounts to its members, having opened 13 new deposit accounts in the same year.
Who is the CEO of Duluth Police Department Employees Credit Union?
Thomas Ehle is the Manager / Tr of Duluth Police Department Employees Credit Union.
What is the revenue of Duluth Police Department Employees Credit Union?
Duluth Police Department Employees Credit Union's revenue in 2022 was $226,691.
Who are the executives of Duluth Police Department Employees Credit Union and what are their salaries?
The average compensation at Duluth Police Department Employees Credit Union during 2022 was $24,928. There are 3 employees and 7 volunteers at Duluth Police Department Employees Credit Union.
Here are 5 key members and their salaries:
- Compensation: $32,434
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Duluth Police Department Employees Credit Union?
Duluth Police Department Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Duluth Police Department Employees Credit Union
The Duluth Police Department Employees Credit Union, in its mission, aims to encourage financial prudence among its members. By doing so, it seeks to provide them with a reliable and reasonable source of credit. This mission is a testament to the credit union's commitment to supporting its members financially, ensuring they have access to credit at fair rates. In 2022, the credit union expanded its offerings, introducing 13 new deposit accounts to cater to the diverse financial needs of its members. As of December 31, 2022, the credit union boasted a membership of 711 individuals, demonstrating its success in achieving its mission.
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Impact
October, 2024
Duluth Police Department Employees Credit Union significantly impacts its members by promoting thrift and providing access to credit at legitimate interest rates. In 2022, the credit union expanded its reach by opening 13 new deposit accounts, reflecting its commitment to increasing financial access and encouraging savings among its 711 members as of the end of the year. By offering various types of deposit accounts, the credit union effectively supports the financial well-being of its community, ensuring members can manage their finances with confidence and security. This focus on member support not only strengthens individual financial health but also fosters a culture of thrift and responsible borrowing within the community.
This information is meant to be a general summary of Duluth Police Department Employees Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $71,460
- Program Service Revenue: $154,921
- Gross Receipts: $226,691
Assets and Liabilities:
- Total Assets: $11,020,385
- Total Liabilities: $9,440,179
- Net Assets: $1,580,206
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$143,135
OTHER MEMBER RELATED REVENUE
Revenue
$11,786
Organization Details
Founding Year
1938
Phone
(218) 730-5140Principal Officer
Thomas Ehle
Main Address
2030 N ARLINGTON AVE, DULUTH, MN, 55811
NTEE Category
Code: W60 - Public benefit
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