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Filing year 2024

UNION ELECTRIC MEMBERSHIP CORP

Monroe, North Carolina·EIN 56-0435549·12
Total revenue
$204.9M
Total assets
$512M
Total expenses
$203.6M
Reported officers
17
Mission

TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND THE COMMUNITIES WE SERVE BY DELIVERING ON OUR PROMISE TO PROVIDE SAFE, RELIABLE ELECTRIC POWER AND ENERGY SERVICES WITH EXCEPTIONAL VALUE.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

EVP VP & Gen
executive vice president
$1.2M
$1.2M
Base
$785k
Bonus
Other
Benefits
$33k
VP Eng & Ope
vice president
$526k
$558k
Base
$336k
Bonus
$35k
Other
Benefits
$33k
VP Fin & Acc
vice president
$516k
$547k
Base
$329k
Bonus
$34k
Other
Benefits
$33k
Mgr of Eng
highest compensated employee
$341k
$362k
Base
$212k
Bonus
$11k
Other
Benefits
$33k
VP Comms & M
vice president
$339k
$359k
Base
$204k
Bonus
$13k
Other
Benefits
$33k
VP Info Serv
vice president
$338k
$359k
Base
$228k
Bonus
$13k
Other
Benefits
$33k
Mgr Operatio
highest compensated employee
$248k
$263k
Base
$204k
Bonus
$11k
Other
Benefits
$33k
Mgr Finance
highest compensated employee
$219k
$232k
Base
$169k
Bonus
$17k
Other
Benefits
$33k
$21k
$22k
Director
board member
$19k
$20k
Vice Preside
vice president
$17k
$18k
Director
board member
$16k
$17k
Asst. Sec/tr
officer (unspecified)
$16k
$17k
Director
board member
$16k
$17k
Director
board member
$16k
$17k
Director
board member
$15k
$16k
Sec-treas
officer (unspecified)
$15k
$16k

Teal figures restate each filed amount in 2026 dollars.

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

Up 9%
from 2023

From $1.1M in 2023 to $1.2M in 2024.

$1.1M
2023
$1.2M
2024
In today's dollarsEst.
Up 5% in real terms$1.2M to $1.2M

Estimated with BLS CPI-U for the South 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

UNION ELECTRIC MEMBERSHIP CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$183.3M
$183.4M
2023
$204.9M
$203.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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