Mission
YOUR SUCCESSFUL FINANCIAL JOURNEY IS OUR PASSION.
Public Charity
MINNESOTA POWER EMPLOYEES CREDIT UNION
MINNESOTA POWER EMPLOYEES CREDIT UNION is a Public Charity headquartered in DULUTH, MN. Financial data from the 2024 filing: $8.5M revenue, $7.3M expenses, $160.2M total assets.
EIN: 410418235
DULUTH, MN
Latest filing: 2024
Total Revenue$8.5M
Total Expenses$7.3M
Total Assets$160.2M
Grant Records0
Filing Years2019–2024
Where $100 goes at Minnesota Power Employees Credit Union
How Minnesota Power Employees Credit Union divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$21
Programs
the work itself
$79
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $21 for programs
$20
Mpecu provided fee-free checking accounts, tiered savings accounts, ira accounts and term deposits to its members
$1
Mpecu provides free online financial management tools to its members
<$1
Mpecu has an atm fee reimbursement program that refunded $46,099 in atm surcharge fees back to its members
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
VP LENDING & MARKETING
Annie Lepper
VP FINANCE
Dave Kauma
PRESIDENT/CEO
Debora Almirall
SVP BUSINESS LENDING
Jason Olsen
BOARD MEMBER
Jeremy Caine
BOARD MEMBER
Kent Oliver
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $8.5M | $7.3M | $160.2M |
| 2023 | $6.9M | $5.8M | $147.4M |
| 2022 | $5.1M | $4.1M | $123.0M |
| 2020 | $4.1M | $3.7M | $111.6M |
| 2019 | $4.5M | $3.9M | $97.4M |
Between 2019 and 2024, reported annual revenue grew from $4.5M to $8.5M (+91%), with total assets most recently reported at $160.2M.
Interactive year-over-year charts and full filing details available with membership.