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EIN 41-0615030

United Employees Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
8
City
Albert Lea
State
Minnesota
Year formed
1932
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
United Employees Credit Union maintains a personal level of service with a high level of quality and efficiency to provide member-owners with a sound financial environment. The Credit Union offers several types of loan programs, having funded 793 new loans in 2022, resulting in 2,065 loans available to members as of 12/31/22. Also, there are various types of deposit accounts for members that resulted in 199 new deposit accounts opened during the year and the Credit Union having 4,209 members as of 12/31/22.
Related structure
United Employees Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Total revenues
$2,077,547
2023
Total expenses
$1,596,167
2023
Total assets
$57,604,303
2023
Num. employees
8
2023

Program areas at United Employees Credit Union

The Credit Union has various types of deposit accounts available for our members. We opened 192 new deposit accounts in 2023. As of 12/31/23 we had 4,138 members.
The Credit Union has several types of loan programs available for our members. We funded 749 new loans to our members during 2023. As of 12/31/23 we had 2,179 loans to our members.

Personnel at United Employees Credit Union

NameTitleCompensation
Matt MarasPresident and Chief Executive Officer$137,453
C Thayne NordlandBoard Chair$0
Grace SteilSecretary$0
Steve GuenthnerVice Chair$0
Margaret FlatnessVice President$78,750

Financials for United Employees Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$1,335,482
Investment income and dividends$736,079
Tax-exempt bond proceeds$0
Royalty revenue$5,986
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$2,077,547

Form 990s for United Employees Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-03-15990View PDF
2022-122023-04-20990View PDF
2021-122022-03-21990View PDF
2020-122021-04-20990View PDF
2019-122020-08-14990View PDF
...and 10 more Form 990s

Organizations like United Employees 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
Northern States Power St Paul Credit UnionMaplewood, MN$2,042,492
Star Choice Credit UnionBloomington, MN$3,634,217
West Financial Credit UnionMedina, MN$1,665,094
Austin City Employees Credit UnionAustin, MN$538,697
Cities Credit UnionVadnais Heights, MN$1,489,903
Northridge Community Credit UnionHoyt Lakes, MN$6,267,768
MN Catholic Credit UnionLittle Canada, MN$2,024,264
Data update history
May 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
April 13, 2022
Updated personnel
Identified 1 new personnel
April 8, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Memberships
General information
Address
430 Bridge Ave
Albert Lea, MN 56007
County
Freeborn County, MN
Website URL
unitedecu.com/ 
Phone
(507) 377-1616
IRS details
EIN
41-0615030
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1932
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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