Overview
What is Expedition Credit Union?
Expedition Credit Union is a nonprofit financial cooperative headquartered in Mendota Heights, Minnesota, specifically at 1270 Northland Drive Suite 350. Established with the mission to improve the financial well-being of its member-owners, Expedition Credit Union offers genuine financial solutions. In 2022, they successfully originated 1,697 loans, totaling an impressive $62,343,243.27. With a dedicated workforce of 50 employees, this credit union focuses on providing affordable consumer lending products, aiming to contribute positively to the financial lives of its members.
Official website here: www.expeditioncu.com
Is Expedition Credit Union legitimate?
Expedition Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Expedition 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: $428,784
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,883,345
For more financial information, click here
Official website here: www.expeditioncu.com
What is the mission statement of Expedition Credit Union?
Expedition Credit Union serves as a not-for-profit financial cooperative, dedicated to enhancing the financial well-being of its member-owners. It achieves this goal by providing genuine financial solutions. The primary mission of the credit union is to offer affordable consumer lending products to its members. In 2022 alone, Expedition Credit Union originated 1697 loans, amounting to a substantial sum of $62,343,243.27. This financial institution is committed to improving the financial stability of its members, providing them with the necessary financial tools.
Official website here: www.expeditioncu.com
Who is the CEO of Expedition Credit Union?
Paul Dammann is the Chairman of Expedition Credit Union. The CEO's salary of Expedition Credit Union is $214,460 and their total compensation is $261,255.
Official website here: www.expeditioncu.com
What is the revenue of Expedition Credit Union?
Expedition Credit Union's revenue in 2022 was $8,556,619.
Official website here: www.expeditioncu.com
Who are the executives of Expedition Credit Union and what are their salaries?
The average compensation at Expedition Credit Union during 2022 was $46,243. There are 50 employees and 8 volunteers at Expedition Credit Union.
Here are 8 key members and their salaries (Expedition Credit Union's CEO's salary is $214,460 and their total compensation is $261,255):
- Compensation: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $137,084
- Related: $0
- Other: $30,445
- Compensation: $214,460
- Related: $0
- Other: $46,795
Official website here: www.expeditioncu.com
Where can I find the form 990 for Expedition Credit Union?
Expedition Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.expeditioncu.com
Learn more at the official website: www.expeditioncu.com
Mission Statement of Expedition Credit Union
Expedition Credit Union, a not-for-profit financial cooperative, is dedicated to enhancing the financial well-being of its member-owners. The organization achieves this mission by offering genuine financial solutions. Its primary activity involves providing affordable consumer lending products to its members. In 2022 alone, Expedition Credit Union originated a significant number of loans, totaling over $62 million. This demonstrates the credit union's commitment to helping its members secure the financing they need. The credit union's mission is centered around improving the financial stability of its member-owners, providing them with the tools and resources necessary to navigate their financial journeys.
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Impact
October, 2024
Expedition Credit Union significantly enhances the financial well-being of its members by providing affordable consumer lending products. In 2022, the credit union originated 1,697 loans, totaling over $62 million, thereby enabling its members to access essential financial resources. Located in Mendota Heights, Minnesota, Expedition Credit Union operates with the mission of delivering real financial solutions that empower its member owners. This commitment to impactful financial service underscores its dedication to fostering a healthier economic environment for the community it serves.
This information is meant to be a general summary of Expedition 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: $925,973
- Program Service Revenue: $7,058,801
- Gross Receipts: $9,304,619
Assets and Liabilities:
- Total Assets: $230,599,841
- Total Liabilities: $214,105,152
- Net Assets: $16,494,689
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$5,820,563
OTHER OPERATING INCOME
Revenue
$773,031
FEE INCOME
Revenue
$465,207
Organization Details
Founding Year
1957
Phone
(651) 264-0669Principal Officer
Paul Dammann
Main Address
1270 NORTHLAND DRIVE SUITE 350, MENDOTA HEIGHTS, MN, 55120
Website
www.expeditioncu.comNTEE Category
Code: W60 - Public benefit
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