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Filing year 2024

Electric Machinery Employees Credit Union

Minneapolis, Minnesota·EIN 41-0682083·14
Total revenue
$407k
Total assets
$8.4M
Total expenses
$539k
Reported officers
7
Mission

To provide financial services and products consistant with our membership. To offer loans and savings accounts at a competitive rate.

Executive compensation

Form 990 · Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
25th percentile to median
$80k
$85k
Vice President
Median to 75th percentile
$56k
$60k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Up 7%
from 2023

From $75k in 2023 to $80k in 2024.

$75k
2023
$80k
2024
In today's dollarsEst.
Up 4% in real terms$82k to $85k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 7% from 2023 to 2024, while revenue rose 17%.

$75k in 2023 to $80k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Electric Machinery Employees Credit Union reported revenue and expenses across 2 filing years.

RevenueExpenses
$349k
$394k
2023
$407k
$539k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Electric Machinery Employees Credit Union

What does the Chief Executive Officer of Electric Machinery Employees Credit Union earn?

In 2024, the Chief Executive Officer of Electric Machinery Employees Credit Union received $79,903 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Electric Machinery Employees Credit Union compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at Electric Machinery Employees Credit Union falls between the 25th percentile and the median.

What are Electric Machinery Employees Credit Union's revenue and expenses?

In 2024, Electric Machinery Employees Credit Union reported $407k in total revenue and $539k in total expenses on its IRS Form 990.

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