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ELY AREA CREDIT UNION

EIN 41-0237440 ELY, MN

Largest nonprofits in Minnesota

Revenue 2025
$3,505,301
Expenses 2025
$1,797,104

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

As filed

Subsection
14
Classification
1000
Street
2 E CHAPMAN ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of CREDIT UNIONS IN THE STATE OF MINNESOTA (EIN 41-6053882). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2025

Mission

AS A MEMBER-OWNED FINANCIAL COOPERATIVE, WE WILL DEVELOP AND OFFER COMPETITIVE PRODUCT LINES THAT MEET MEMBERS' NEEDS WHILE MAINTAINING ASSET STRENGTH AND BE A FULL-SERVICE ORGANIZATION THAT SATISFIES THE NEEDS OF THE MEMBERSHIP.

Activities or mission (Part I)

AS A MEMBEROWNED FINANCIAL COOPERATIVE WE WILL DEVELOP AND OFFER COMPETITIVE PRODUCT LINES THAT MEET MEMBERS NEEDS WHILE MAINTAINING ASSET STRENGTH AND BE A FULLSERVICE ORGANIZATION THAT SATISFIES THE NEEDS OF THE MEMBERSHIP

  • DIVIDENDS PAID TO THE MEMBERS QUARTERLY ON THEIR SAVINGS ACCOUNTS

  • PROVIDES FINANCIAL & FINANCIALLY RELATED SERVICES TO OUR MEMBERS

  • PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR & REASONABLE RATE OF INTEREST

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Mark Krekelberg

    TREASURERMANAGER

    Total calculated
    $141,853
    From this org
    $141,853
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Todd Aho

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Stephen Peterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Deb Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tina Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tony Gornik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Barbara Mathews

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Kerry Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $3,505,301
    Expenses
    $1,797,104
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $2,947,398
    Expenses
    $1,662,042
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $2,330,009
    Expenses
    $1,373,789
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $1,866,322
    Expenses
    $1,434,423
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $1,880,737
    Expenses
    $1,363,430
    Assets (EOY)
    $63,210,679
  • 2020 · 990

    Revenue
    $1,790,717
    Expenses
    $1,208,143
    Assets (EOY)
    $54,365,317
  • 2019 · 990

    Revenue
    $1,798,838
    Expenses
    $1,333,059
    Assets (EOY)
    $43,758,560
  • 2018 · 990

    Revenue
    $1,602,634
    Expenses
    $1,228,337
    Assets (EOY)
    $43,270,252
  • 2017 · 990

    Revenue
    $1,387,861
    Expenses
    $1,126,970
    Assets (EOY)
    $38,713,785
  • 2016 · 990

    Revenue
    $1,217,918
    Expenses
    $953,366
    Assets (EOY)
    $38,443,560
  • 2015 · 990

    Revenue
    $809,302
    Expenses
    $648,161
    Assets (EOY)
    $22,919,071
  • 2014 · 990

    Revenue
    $763,075
    Expenses
    $641,298
    Assets (EOY)
    $20,443,910
  • 2013 · 990

    Revenue
    $727,464
    Expenses
    $657,492
    Assets (EOY)
    $19,964,400
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $631,281
    Assets (EOY)
    $18,045,666

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Form 990-N e-Postcard, tax year 2009

Tax period
1 January 2009 to 31 December 2009
Principal officer
Tricia Schreffler
Mailing address
PO Box 151Ely MN 55731

As filed, from the IRS e-Postcard file of 26 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.