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Filing year 2024

MINNESOTA POWER EMPLOYEES CREDIT UNION

Duluth, Minnesota·EIN 41-0418235·14
Total revenue
$8.5M
Total assets
$160.2M
Total expenses
$7.3M
Reported officers
11
Mission

YOUR SUCCESSFUL FINANCIAL JOURNEY IS OUR PASSION.

Executive compensation, broken down

Form 990 · Schedule J · 4 reported individuals · Filing year 2024

SVP Business Lending
senior vice president
$195k
$210k
Base
$147k
Bonus
Other
Benefits
$35k
$180k
$194k
Base
$131k
Bonus
$19k
Other
Benefits
$17k
VP Finance
vice president
$168k
$181k
Base
$117k
Bonus
Other
Benefits
$39k
VP Lending & Marketing
vice president
$144k
$155k

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.

Down 14%
from 2023

From $227k in 2023 to $195k in 2024.

$227k
2023
$195k
2024
In today's dollarsEst.
Down 16% in real terms$250k to $210k

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

MINNESOTA POWER EMPLOYEES CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$6.9M
$5.8M
2023
$8.5M
$7.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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