Totals
- Total revenue
- $10,525,995
- Total expenses
- $10,734,781
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $8,337,112
- Investment income
- $1,942,720
- Other revenue
- $246,163
- Total assets, end of year
- $227,611,177
- Total liabilities, end of year
- $207,607,168
- Net assets or fund balances, end of year
- $20,004,009
- 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: LOAN INTEREST
total $7,243,856 · related or exempt $7,243,856
-
2b · Program service revenue: OTHER INCOME
total $672,034 · related or exempt $672,034
-
2c · Program service revenue: FEE INCOME
total $421,222 · related or exempt $415,522 · unrelated business $5,700
-
3 · Investment income
total $1,942,720 · excluded $1,942,720
-
11a · Other revenue: OTHER NON-OPERATING INCOME
total $246,163 · related or exempt $246,163
-
11e · Other revenue, total
$246,163
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $3,053,744
-
5 · Compensation of officers, directors and key employees
total $1,071,099
-
7 · Other salaries and wages
total $1,524,083
-
8 · Pension plan contributions
total $35,165
-
9 · Other employee benefits
total $24,824
-
10 · Payroll taxes
total $178,877
-
11b · Fees: legal
total $9,370
-
11c · Fees: accounting
total $135,092
-
11g · Fees: other
total $597,794
-
12 · Advertising and promotion
total $268,279
-
13 · Office expenses
total $1,701,387
-
16 · Occupancy
total $517,800
-
17 · Travel
total $37,544
-
20 · Interest
total $192,010
-
22 · Depreciation, depletion and amortization
total $295,450
-
23 · Insurance
total $9,653
-
24a · Other expenses: PROVISION FOR CREDIT L
total $532,858
-
24b · Other expenses: LOAN SERVICING EXPENSE
total $502,209
-
24c · Other expenses: MISCELLANEOUS OPERATING
total $37,143
-
24d · Other expenses: OPERATING FEES
total $10,400
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $173,369 · end of year $292,903
-
2 · Savings and temporary cash investments
beginning of year $499,388 · end of year $10,213,408
-
4 · Accounts receivable
beginning of year $429,640 · end of year $175,870
-
5 · Loans and receivables from officers and key people
beginning of year $2,278,772 · end of year $2,337,564
-
7 · Other notes and loans receivable
beginning of year $136,408,331 · end of year $123,581,016
-
9 · Prepaid expenses and deferred charges
beginning of year $2,874,344 · end of year $2,570,423
-
10a · Land, buildings and equipment: cost or other basis
$5,756,150
-
10b · Land, buildings and equipment: accumulated depreciation
$1,952,603
-
10c · Land, buildings and equipment, net
beginning of year $4,002,799 · end of year $3,803,547
-
12 · Investments: other securities
beginning of year $70,717,137 · end of year $73,858,441
-
13 · Investments: program-related
beginning of year $6,800,000 · end of year $6,828,000
-
15 · Other assets
beginning of year $2,724,408 · end of year $3,950,005
-
17 · Accounts payable and accrued expenses
beginning of year $1,465,359 · end of year $1,984,425
-
23 · Secured mortgages and notes payable
beginning of year $12,525,000 · end of year $0
-
25 · Other liabilities
beginning of year $194,221,515 · end of year $205,622,743
-
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 $18,696,314 · end of year $20,004,009
Mission and programs · 2024
Mission
EXPEDITION CREDIT UNION IS A NOT FOR PROFIT FINANCIAL COOPERATIVE OPERATING TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBER OWNERS THROUGH REAL FINANCIAL SOLUTIONS.
-
TO PROVIDE AFFORDABLE CONSUMER LENDING PRODUCTS TO OUR MEMBERS. IN 2024 WE ORIGINATED 1,111 LOANS FOR A TOTAL OF $38,634,613.10
-
TO PAY FAVORABLE DIVIDENDS ON SAVINGS AND INVESTMENT PRODUCTS TO OUR MEMBERS. IN 2024 WE INCREASED OUR MEMBER CERTIFICATES BY $16,130,766.60
-
TO OFFER AFFORDABLE AND CONVENIENT ELECTRONIC AND CHECKING PRODUCTS TO OUR MEMBERS.
As filed on the 2024 return.
Listed in Part VII
-
Ramona Springis-DossRAMONA SPRINGIS-DOSS
CHAIRMAN
- Total calculated
- $890
- From this org
- $890
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
James SmolaJAMES SMOLA
BOARD MEMBER/VICE CHAIR
- Total calculated
- $890
- From this org
- $890
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Kany SeckKANY SECK
BOARD MEMBER
- Total calculated
- $659
- From this org
- $659
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jordan FordJORDAN FORD
BOARD MEMBER/SECRETARY
- Total calculated
- $778
- From this org
- $778
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Dwayne JohnsonDWAYNE JOHNSON
BOARD MEMBER
- Total calculated
- $815
- From this org
- $815
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Paul R DammannPAUL R DAMMANN
PRESIDENT/CEO
- Total calculated
- $301,172
- From this org
- $260,964
- From related orgs
- $0
- Other
- $40,208
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $246,821
- Bonus
- $14,143
- Other
- $0
- Deferred
- $10,439
- Nontaxable benefits
- $29,769
- Filer's total
- $301,172
-
Shawn LannierSHAWN LANNIER
COO
- Total calculated
- $189,050
- From this org
- $166,632
- From related orgs
- $0
- Other
- $22,418
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $160,132
- Bonus
- $6,500
- Other
- $0
- Deferred
- $6,405
- Nontaxable benefits
- $16,013
- Filer's total
- $189,050
-
Andre ThibaultANDRE THIBAULT
CMO
- Total calculated
- $232,857
- From this org
- $133,697
- From related orgs
- $0
- Other
- $99,160
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $133,697
- Bonus
- $0
- Other
- $0
- Deferred
- $5,886
- Nontaxable benefits
- $93,274
- Filer's total
- $232,857
-
Caleb HennekCALEB HENNEK
VP FINANCE
- Total calculated
- $164,739
- From this org
- $135,243
- From related orgs
- $0
- Other
- $29,496
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $135,243
- Bonus
- $0
- Other
- $0
- Deferred
- $5,123
- Nontaxable benefits
- $24,373
- Filer's total
- $164,739
-
Brant PuttkammerBRANT PUTTKAMMER
VP INFORMATION TECHNOLOGY
- Total calculated
- $179,249
- From this org
- $121,668
- From related orgs
- $0
- Other
- $57,581
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $121,668
- Bonus
- $0
- Other
- $0
- Deferred
- $5,105
- Nontaxable benefits
- $52,476
- Filer's total
- $179,249
-
Long HuangLONG HUANG
DATA ANALYST
- Total calculated
- $108,299
- From this org
- $108,299
- From related orgs
- $0
- Other
- $0
- Hours/week
- 38
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
501(C)(3) · FOUNDATION TO AWARD SCHOLARSHIPS AND GRANTS. · MN
Directly controlled by EXPEDITION CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512889349302856
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.