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  4. Danfoss Employees Credit Union
EIN 41-6036331

Danfoss Employees Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
1
City
Eden Prairie
State
Minnesota
Year formed
1949
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Danfoss Employees Credit Union prioritizes meeting the needs of their members by providing personalized service, fostering strong relationships, offering financial guidance, and ensuring the protection of their members' assets. The Credit Union offers several loan programs and funded 51 new loans in 2021, as well as having 216 loans to their members as of 12/31/21. Additionally, they provide various deposit accounts and had 361 members as of 12/31/21. Danfoss Employees Credit Union is located in Eden Prairie, MN.
Related structure
Danfoss Employees Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Also known as...
Eaton Employees Credit Union
Total revenues
$197,883
2023
Total expenses
$192,382
2023
Total assets
$2,818,371
2023
Num. employees
1
2023

Program areas at Danfoss Employees Credit Union

The Credit Union has various types of deposit accounts available for our members. We opened 16 new deposit accounts in 2023. As of 12/31/23 we had 353 members.
The Credit Union has several types of loan programs available for our members. We funded 91 new loans to our members during 2023. As of 12/31/23 we had 227 loans to our members.

Personnel at Danfoss Employees Credit Union

NameTitleCompensation
Ann Healey-AllenPresident and Chief Executive Officer$74,450
Peter LauerSecretary$0
Brad HimleVice Chair$0
Steve ZumbuschChairman$0
Jennifer HuffmanTreasurer$0
...and 4 more key personnel

Financials for Danfoss Employees Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$163,031
Investment income and dividends$34,852
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$197,883

Form 990s for Danfoss Employees Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-24990View PDF
2022-122023-11-02990View PDF
2021-122022-12-11990View PDF
2021-122022-11-15990View PDF
2020-122021-11-01990View PDF
...and 11 more Form 990s

Organizations like Danfoss Employees Credit Union

OrganizationLocationRevenue
Teamsters Credit UnionBlaine, MN$690,710
Electric Machinery Employees Credit UnionMinneapolis, MN$349,090
Mower County Employees Credit UnionAustin, MN$617,314
Riverview Credit UnionSouth Saint Paul, MN$385,006
Latvian Credit UnionMinneapolis, MN$303,380
Otter Tail Credit UnionFergus Falls, MN$368,027
Duluth Police Department Employees Credit UnionDuluth, MN$221,527
Austin City Employees Credit UnionAustin, MN$538,697
Mower County Catholic Parishes Credit UnionAustin, MN$347,463
Metropolitan Services Credit UnionSaint Paul, MN$480,209
Data update history
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 28, 2023
Updated personnel
Identified 1 new personnel
June 5, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Memberships
General information
Address
14900 Technology Dr
Eden Prairie, MN 55344
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
danfosscu.com/ 
Phone
(952) 937-7175
IRS details
EIN
41-6036331
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1949
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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