Overview
What is Minnesota Power Employees Credit Union?
Minnesota Power Employees Credit Union is a member-driven organization situated in Duluth, Minnesota. As a nonprofit entity, it prioritizes financial literacy and education, offering its members competitive loan options. The credit union also extends scholarships to its members and is committed to supporting the local community. Its mission is multifaceted, encompassing financial assistance, educational resources, and community outreach efforts.
Official website here: www.mpecu.com
Is Minnesota Power Employees Credit Union legitimate?
Minnesota Power Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Minnesota Power 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: $330,175
Professional Fundraising Fees: $0
Other Salaries and Wages: $943,151
For more financial information, click here
Official website here: www.mpecu.com
What is the mission statement of Minnesota Power Employees Credit Union?
Minnesota Power Employees Credit Union, as a member-driven organization, is committed to promoting financial literacy and education. It offers competitive loan services to its members and provides scholarships to help them financially. The credit union is also dedicated to supporting the community at large. Located in Duluth, Minnesota, it operates with a member-owned structure, ensuring its operations are guided by the needs and interests of its members.
Official website here: www.mpecu.com
Who is the CEO of Minnesota Power Employees Credit Union?
Debora Almirall is the President/Ceo of Minnesota Power Employees Credit Union. The CEO's salary of Minnesota Power Employees Credit Union is $178,976 and their total compensation is $211,918.
Official website here: www.mpecu.com
What is the revenue of Minnesota Power Employees Credit Union?
Minnesota Power Employees Credit Union's revenue in 2022 was $5,060,015.
Official website here: www.mpecu.com
Who are the executives of Minnesota Power Employees Credit Union and what are their salaries?
The average compensation at Minnesota Power Employees Credit Union during 2022 was $45,476. There are 28 employees and 15 volunteers at Minnesota Power Employees Credit Union.
Here are 10 key members and their salaries (Minnesota Power Employees Credit Union's CEO's salary is $178,976 and their total compensation is $211,918):
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- Compensation: $178,976
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- Other: $32,942
- Compensation: $107,291
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- Other: $10,966
- Compensation: $101,843
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- Other: $6,562
Official website here: www.mpecu.com
Where can I find the form 990 for Minnesota Power Employees Credit Union?
Minnesota Power Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mpecu.com
Learn more at the official website: www.mpecu.com
Mission Statement of Minnesota Power Employees Credit Union
Minnesota Power Employees Credit Union, as a member-driven organization, is dedicated to promoting financial literacy and education among its members. Its mission is to offer competitive loan options and provide financial assistance through scholarships to its members. Furthermore, this credit union is committed to supporting its community beyond financial services. It operates with a member-owned structure, ensuring that its decisions and operations align with the interests and needs of its members.
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Impact
October, 2024
Minnesota Power Employees Credit Union has a significant impact on its members and the community in Duluth, MN. As a member-owned and member-driven organization, it prioritizes the financial well-being of its members by providing competitive loan options, fostering financial literacy and education, and offering scholarships to support furthering education.
By promoting financial literacy, the credit union empowers individuals to make informed financial decisions, enhancing their overall economic stability. The scholarships offered to members bolster educational opportunities, encouraging personal and professional growth. Additionally, Minnesota Power Employees Credit Union actively engages in community support, contributing to the well-being of the Duluth area.
Through its commitment to these initiatives, the credit union not only serves its members' financial needs but also strengthens the community by enhancing access to resources and opportunities.
This information is meant to be a general summary of Minnesota Power 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: $777,216
- Program Service Revenue: $3,150,130
- Gross Receipts: $5,307,664
Assets and Liabilities:
- Total Assets: $122,966,915
- Total Liabilities: $109,134,491
- Net Assets: $13,832,424
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$2,931,260
FEE INCOME
Revenue
$218,870
Organization Details
Founding Year
1933
Phone
(218) 336-1800Principal Officer
Debora Almirall
Main Address
30 W SUPERIOR STREET SUITE 126, DULUTH, MN, 55802
Website
www.mpecu.comNTEE Category
Code: W60 - Public benefit
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