Skip to main content
Filing year 2024

ELY AREA CREDIT UNION

Ely, Minnesota·EIN 41-0237440·501(c)(14)
Total revenue
$2.9M
Total assets
$67.4M
Total expenses
$1.7M
Reported officers
8
Mission

AS A MEMBER-OWNED FINANCIAL COOPERATIVE, WE WILL DEVELOP AND OFFER COMPETITIVE PRODUCT LINES THAT MEET MEMBERS' NEEDS WHILE MAINTAINING ASSET STRENGTH AND BE A FULL-SERVICE ORGANIZATION THAT SATISFIES THE NEEDS OF THE MEMBERSHIP.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

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

Treasurermanager
Board Treasurer
Above 90th percentile
$120k
$129k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Up 17%
from 2023

From $103k in 2023 to $120k in 2024.

$103k
2023
$120k
2024
In today's dollarsEst.
Up 14% in real terms$113k to $129k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

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

Revenue and expenses over time

ELY AREA CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.3M
$1.4M
2023
$2.9M
$1.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ELY AREA CREDIT UNION

What does the Board Treasurer of ELY AREA CREDIT UNION earn?

In 2024, the Board Treasurer of ELY AREA CREDIT UNION received $120,080 in total compensation. This pay is in the top 10% for Board Treasurer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Treasurer pay at ELY AREA CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Treasurer at ELY AREA CREDIT UNION falls in the top 10%.

What are ELY AREA CREDIT UNION's revenue and expenses?

In 2024, ELY AREA CREDIT UNION reported $2.9M in total revenue and $1.7M in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.