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EIN 42-0772828

Employees Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
16
City
Estherville
State
Iowa
Year formed
1947
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Employees Credit Union serves as our members' optimum service center for their financial needs through offering various types of deposit accounts and loan programs. In 2022, we funded 6,920 new loans and had 5,531 outstanding loans receivable. We also opened 417 new deposit accounts during the year and currently have 8,553 members.
Also known as...
Iowa Corporate Central Credit Union Employees Credit Union
Total revenues
$8,972,529
2023
Total expenses
$6,973,003
2023
Total assets
$158,633,797
2023
Num. employees
16
2023

Program areas at Employees Credit Union

The Credit Union has various types of deposit accounts available for our members. We opened 560 new deposit accounts in 2023. As of 12/31/23 we had 8,808 members.
The Credit Union has several types of loan programs available for our members. We funded 7,113 new loans during 2023. As of 12/31/23 we had 6,123 outstanding loans receivable.

Personnel at Employees Credit Union

NameTitleCompensation
Mark PetersChief Executive Officer$279,676
Edward MunnVice Chair$0
Charlie NourseBoard Chair$0
Laurel HashLoan Manager$93,974

Financials for Employees Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$6,359,154
Investment income and dividends$2,613,375
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$8,972,529

Form 990s for Employees Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-22990View PDF
2022-122023-07-20990View PDF
2021-122022-06-21990View PDF
2020-122021-09-10990OView PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s
Data update history
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 19, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Updated personnel
Identified 1 new personnel
July 21, 2022
Posted financials
Added Form 990 for fiscal year 2020
March 7, 2022
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unions
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
2714 Central Ave
Estherville, IA 51334
County
Emmet County, IA
Website URL
employeescu.com/ 
Phone
(712) 362-5897
IRS details
EIN
42-0772828
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1947
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
Independent
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