United Employees Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410615030 ✦ Albert lea, MN ✦ Designated as a 501(c)(14)

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Overview

What is United Employees Credit Union?

United Employees Credit Union is a member-owned financial institution located at 430 Bridge Ave, Albert Lea, Minnesota 56007. With a commitment to providing a sound financial environment, the credit union offers various deposit accounts and offers personalized service to its 4,209 members. In 2022, they welcomed 199 new members. The credit union prides itself on maintaining a high level of quality and efficiency in its operations, ensuring that its members receive top-notch service.


Official website here: www.unitedecu.com

Is United Employees Credit Union legitimate?

United Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. United 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: $204,449
Professional Fundraising Fees: $0
Other Salaries and Wages: $230,953

For more financial information, click here


Official website here: www.unitedecu.com

What is the mission statement of United Employees Credit Union?

The United Employees Credit Union is dedicated to providing its member-owners with a financially secure environment. This is accomplished by offering a personal level of service, ensuring a high level of quality, and operating with efficiency. The credit union's mission is to create a sound financial environment for its members, prioritizing their needs and expectations. In 2022, the credit union opened 199 new deposit accounts, demonstrating its commitment to serving its growing member base. As of December 31, 2022, the credit union had a membership of 4,209 individuals.


Official website here: www.unitedecu.com

Who is the CEO of United Employees Credit Union?

Matt Maras is the President / of United Employees Credit Union.


Official website here: www.unitedecu.com

What is the revenue of United Employees Credit Union?

United Employees Credit Union's revenue in 2022 was $1,519,875.


Official website here: www.unitedecu.com

Who are the executives of United Employees Credit Union and what are their salaries?

The average compensation at United Employees Credit Union during 2022 was $54,425. There are 8 employees and 10 volunteers at United Employees Credit Union.


Here are 9 key members and their salaries:


Matt Maras (President /)
  • Compensation: $130,552
  • Related: $0
  • Other: $12,714
Margaret Flatness (Vice Preside)
  • Compensation: $73,897
  • Related: $0
  • Other: $10,825
C Thayne Nordland (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Guenthner (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grace Steil (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leon Hellickson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Timm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Bowron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Waltman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.unitedecu.com

Where can I find the form 990 for United Employees Credit Union?

United Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.unitedecu.com

Learn more at the official website: www.unitedecu.com

Mission Statement of United Employees Credit Union

United Employees Credit Union, a member-oriented financial institution, is committed to establishing a financially secure environment for its members. The credit union achieves this goal by delivering a personal level of service, coupled with a high degree of quality and efficiency. The organization's mission is to ensure that its member-owners can access reliable financial services while enjoying a personalized experience. This dedication to quality and personal service sets United Employees Credit Union apart, making it a trusted partner for its members' financial needs.

In practical terms, this mission translates into various deposit account options tailored to meet the diverse financial requirements of its members. The credit union's commitment to quality and efficiency is evident in its operations, as demonstrated by the opening of 199 new deposit accounts in 2022, underscoring its growth and adaptability to its members' needs. As of December 31, 2022, the credit union boasted a membership of 4,209 individuals, a testament to its commitment to serving its members effectively. By providing a sound financial environment, United Employees Credit Union seeks to empower its members and strengthen their financial well-being.

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Impact




October, 2024

United Employees Credit Union plays a vital role in fostering financial stability and personal service for its member-owners. With a mission focused on providing a sound financial environment, the credit union has demonstrated its commitment to its members by offering various types of deposit accounts tailored to meet diverse needs. In 2022 alone, 199 new deposit accounts were opened, reflecting the growing trust and reliance members place in the institution.

As of December 31, 2022, United Employees Credit Union proudly served 4,209 members in Albert Lea, MN, underscoring its importance in the local community. By maintaining a high level of quality and efficiency in its services, the credit union not only aims to enhance the financial well-being of its members but also contributes to the overall economic health of the region.




This information is meant to be a general summary of United 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.

Revenue
$1,519,875 (2022)
Expenses
$1,041,687 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $396,766
  • Program Service Revenue: $1,116,506
  • Gross Receipts: $1,519,875

Assets and Liabilities:

  • Total Assets: $54,810,012
  • Total Liabilities: $47,904,552
  • Net Assets: $6,905,460

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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

$867,865

OTHER MEMBER RELATED REVENUE

Revenue

$136,483

MEMBER FEE INCOME

Revenue

$111,258

MECH REPAIR INSUR INCOME

Revenue

$900

Organization Details

Founding Year

1932

Principal Officer

Matt Maras

Main Address

430 BRIDGE AVE, ALBERT LEA, MN, 56007

NTEE Category

Code: W60 - Public benefit

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