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Nonprofiteer
← CROW WING POWER CREDIT UNION

Form 990 for tax year 2024

Filed by CROW WING POWER CREDIT UNION.

Totals

Total revenue
$5,573,891
Total expenses
$4,511,444
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,334,598
Investment income
$1,101,714
Other revenue
$137,579
Total assets, end of year
$112,133,865
Total liabilities, end of year
$102,127,532
Net assets or fund balances, end of year
$10,006,333
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $4,334,598 · related or exempt $4,334,598

  • 3 · Investment income

    total $1,101,714 · excluded $1,101,714

  • 11a · Other revenue: MISC INCOME

    total $88,958 · excluded $88,958

  • 11b · Other revenue: FEE INCOME

    total $45,212 · excluded $45,212

  • 11c · Other revenue: SECURITY HELD TO MATURITY

    total $3,409 · excluded $3,409

  • 11e · Other revenue, total

    $137,579

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $803,616

  • 8 · Pension plan contributions

    total $269,538

  • 11b · Fees: legal

    total $35,152

  • 12 · Advertising and promotion

    total $23,541

  • 13 · Office expenses

    total $9,149

  • 16 · Occupancy

    total $168,179

  • 17 · Travel

    total $20,146

  • 19 · Conferences, conventions and meetings

    total $692

  • 22 · Depreciation, depletion and amortization

    total $7,825

  • 23 · Insurance

    total $27,150

  • 24a · Other expenses: DIVIDENDS EXPENSE

    total $2,341,426

  • 24b · Other expenses: LOAN SERVICE & COLLECTI

    total $359,057

  • 24c · Other expenses: OUTSIDE SERVICES

    total $228,801

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $83,542

  • 24e · All other expenses

    total $133,630

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $18,262,643 · end of year $23,392,147

  • 4 · Accounts receivable

    beginning of year $5,137 · end of year $7,757

  • 7 · Other notes and loans receivable

    beginning of year $82,824,591 · end of year $86,817,619

  • 9 · Prepaid expenses and deferred charges

    beginning of year $437,484 · end of year $536,255

  • 10a · Land, buildings and equipment: cost or other basis

    $151,936

  • 10b · Land, buildings and equipment: accumulated depreciation

    $94,952

  • 10c · Land, buildings and equipment, net

    beginning of year $27,842 · end of year $56,984

  • 12 · Investments: other securities

    beginning of year $453,341 · end of year $0

  • 15 · Other assets

    beginning of year $1,077,295 · end of year $1,323,103

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,538 · end of year $415,468

  • 25 · Other liabilities

    beginning of year $94,052,909 · end of year $101,712,064

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,943,886 · end of year $10,006,333

Mission and programs · 2024

Mission

CROW WING POWER CREDIT UNION IS AN ORGANIZATION WITH THE MISSION OF PROVIDING LOANS AND SAVINGS PRODUCTS AND SERVICES TO THE MEMBERSHIP GROUP.

  • CROW WING POWER CREDIT UNION PROMOTES THRIFT AMONG THE CREDIT UNION MEMBERS, AND CREATES A SOURCE OF CREDIT AT LEGITIMATE RATES OF INTEREST.

As filed on the 2024 return.

Listed in Part VII

  • Dwight Thiesse

    DIRECTOR

    Total calculated
    $15,433
    From this org
    $0
    From related orgs
    $15,433
    Other
    $0
    Hours/week
    1 + 9 related
  • Gertrude Roggenkamp

    CHAIRMAN

    Total calculated
    $15,622
    From this org
    $0
    From related orgs
    $15,622
    Other
    $0
    Hours/week
    2 + 9.5 related
  • Robert Kangas

    DIRECTOR

    Total calculated
    $7,401
    From this org
    $0
    From related orgs
    $7,401
    Other
    $0
    Hours/week
    1 + 10 related
  • Diane Viehauser

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Laurie Hoenig

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Russ Nygren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Frieler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Fredrick Hage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Thomas Bisek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chuck Hiltner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jessica Smith

    VICE PRESIDENT

    Total calculated
    $113,326
    From this org
    $74,938
    From related orgs
    $0
    Other
    $38,388
    Hours/week
    40
  • Joan Willeman

    PRESIDENT

    Total calculated
    $137,964
    From this org
    $105,931
    From related orgs
    $0
    Other
    $32,033
    Hours/week
    40

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COOPERATIVE HOLDING COMPANY INC

    C · HOLDING COMPANY FOR CROW WING POWER SUBSIDIARIES · MN

  • PEOPLES SECURITY COMPANY INC

    C · SALES, INSTALLATION AND MONITORING OF SECURITY SYSTEMS · MN

Provenance

Return type
form_990
Tax year
2024
Filed
4 August 2025
IRS schema version
2024v5.2
Source object
202533019349301013

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