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EIN 41-0216120

Deer River Cooperative Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
8
City
Deer River
State
Minnesota
Year formed
1938
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Deer River Cooperative Credit Union aims to service members of the community for their financial needs. It paid dividends totaling $88,202.00 for shares, $6,563.00 for checking, $2,604.00 for IRA's, $1,289.00 for certificates of deposits and $49.00 for IRA certificates of deposits.
Related structure
Deer River Cooperative Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Total revenues
$1,190,897
2023
Total expenses
$958,098
2023
Total assets
$26,505,496
2023
Num. employees
8
2023

Program areas at Deer River Cooperative Credit Union

Dividend shares $203,667.00 dividend checking $18,849 dividend ira $7,022.00 dividend cert of deposit $17,649.00 dividend ira cert of deposit $97.00

Personnel at Deer River Cooperative Credit Union

NameTitleCompensation
Mary GoggleyePresident$90,400
Lydia WhiteSupervisory Committee$340
Patricia OelkersSuperivsory Committee$440
Susan DewittSupervisory Committee$60
Larry NixonBoard Member$740
...and 4 more key personnel

Financials for Deer River Cooperative Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$983,657
Investment income and dividends$207,240
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$1,190,897

Form 990s for Deer River Cooperative Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-30990View PDF
2022-122023-04-26990View PDF
2021-122022-05-10990View PDF
2020-122021-05-11990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s

Organizations like Deer River Cooperative Credit Union

OrganizationLocationRevenue
Mower County Employees Credit UnionAustin, MN$617,314
Floodwood Area Credit UnionFloodwood, MN$621,903
West Metro Schools Credit UnionHopkins, MN$1,884,691
Crow Wing Power Credit UnionBrainerd, MN$3,786,281
Ely Area Credit UnionEly, MN$2,330,009
Electric Machinery Employees Credit UnionMinneapolis, MN$349,090
Collegeville Community Credit UnionCollegeville, MN$490,304
Northern States Power St Paul Credit UnionMaplewood, MN$2,042,492
SMW Financial Credit Union - No 10Lino Lakes, MN$3,852,056
Austin City Employees Credit UnionAustin, MN$538,697
Data update history
July 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 2 new personnel
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 158
Deer River, MN 56636
County
Itasca County, MN
Website URL
drccu.com 
Phone
(218) 246-8777
IRS details
EIN
41-0216120
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
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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