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← DULUTH POLICE DEPARTMENT CREDIT UNION

Form 990 for tax year 2025

Filed by DULUTH POLICE DEPARTMENT CREDIT UNION.

Totals

Total revenue
$318,271
Total expenses
$247,411
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$237,926
Investment income
$79,870
Other revenue
$475
Total assets, end of year
$7,807,440
Total liabilities, end of year
$6,075,611
Net assets or fund balances, end of year
$1,731,829
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $237,912 · related or exempt $237,912

  • 2b · Program service revenue: OTHER MEMBER RELATED REVENUE

    total $14 · related or exempt $14

  • 3 · Investment income

    total $79,870 · excluded $79,870

  • 5 · Royalties

    total $475 · excluded $475

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $35,152

  • 7 · Other salaries and wages

    total $51,340

  • 10 · Payroll taxes

    total $7,116

  • 11c · Fees: accounting

    total $3,425

  • 12 · Advertising and promotion

    total $100

  • 13 · Office expenses

    total $24,395

  • 14 · Information technology

    total $18,649

  • 16 · Occupancy

    total $2,391

  • 19 · Conferences, conventions and meetings

    total $1,957

  • 23 · Insurance

    total $5,904

  • 24a · Other expenses: DIVIDENDS EXPENSE

    total $95,327

  • 24b · Other expenses: LOAN SERVICING EXPENSE

    total $1,655

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,285 · end of year $23,073

  • 2 · Savings and temporary cash investments

    beginning of year $2,568,701 · end of year $2,382,530

  • 7 · Other notes and loans receivable

    beginning of year $4,597,952 · end of year $4,340,325

  • 13 · Investments: program-related

    beginning of year $657,001 · end of year $999,001

  • 15 · Other assets

    beginning of year $70,105 · end of year $62,511

  • 25 · Other liabilities

    beginning of year $6,251,075 · end of year $6,075,611

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,660,969 · end of year $1,731,829

Mission and programs · 2025

Mission

TO PROMOTE THRIFT AMONG OUR MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 16 NEW DEPOSIT ACCOUNTS IN 2025. AS OF 12/31/25 WE HAD 692 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 99 NEW LOANS DURING 2025. AS OF 12/31/25 WE HAD 315 OUTSTANDING LOANS RECEIVABLE.

As filed on the 2025 return.

Listed in Part VII

  • Thomas Ehle

    MANAGER / TR

    Total calculated
    $35,152
    From this org
    $35,152
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • John Kalenowski

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Voltzke

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Claudia Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Rebecca Palmi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Milton Huta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
4 March 2026
IRS schema version
2025v4.0
Source object
202620649349301017

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