Skip to main content
Filing year 2024

MINNESOTA POWER EMPLOYEES CREDIT UNION

Duluth, Minnesota·EIN 41-0418235·501(c)(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 · Part VII & Schedule J · 4 reported individuals · Filing year 2024

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

SVP Business Lending
Senior Vice President
25th percentile to median
$195k
$210k
Base
$147k
Bonus
Other
Benefits
$35k
President/ceo
75th to 90th percentile
$180k
$194k
Base
$131k
Bonus
$19k
Other
Benefits
$17k
VP Finance
Board Vice President
Median to 75th percentile
$168k
$181k
Base
$117k
Bonus
Other
Benefits
$39k
VP Lending & Marketing
Board Vice President
Median to 75th percentile
$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.

Pay for the position

Senior Vice President pay rose 23% from 2023 to 2024, while revenue rose 24%.

$159k in 2023 to $195k in 2024.
  • Chief Executive Officer pay fell 20% from 2023 to 2024.
  • Board Vice President pay rose 24% from 2023 to 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

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.
FAQ

Common questions about MINNESOTA POWER EMPLOYEES CREDIT UNION

What does the Senior Vice President of MINNESOTA POWER EMPLOYEES CREDIT UNION earn?

In 2024, the Senior Vice President of MINNESOTA POWER EMPLOYEES CREDIT UNION received $195,122 in total compensation. This pay is below the median (the midpoint) for Senior Vice President roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Senior Vice President pay at MINNESOTA POWER EMPLOYEES CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Senior Vice President at MINNESOTA POWER EMPLOYEES CREDIT UNION falls between the 25th percentile and the median.

What are MINNESOTA POWER EMPLOYEES CREDIT UNION's revenue and expenses?

In 2024, MINNESOTA POWER EMPLOYEES CREDIT UNION reported $8.5M in total revenue and $7.3M 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.