MINNESOTA POWER EMPLOYEES CREDIT UNION

As filed

Subsection

14

Classification

1000

Street

30 W SUPERIOR ST STE 126

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 · 2024

• MPECU PROVIDED FEE-FREE CHECKING ACCOUNTS, TIERED SAVINGS ACCOUNTS, IRA ACCOUNTS AND TERM DEPOSITS TO ITS MEMBERS. MEMBERS WERE PAID $1,741,142 IN DIVIDENDS ON THEIR ACCOUNTS AND RECEIVED FEE DISCOUNTS BASED ON THEIR PRODUCTS AND SERVICES UTILIZATION.

  Expenses $1,741,142

• MPECU PROVIDES FREE ONLINE FINANCIAL MANAGEMENT TOOLS TO ITS MEMBERS. DURING THE YEAR, THE CREDIT UNION PAID APPROXIMATELY $57,366 FOR THESE TYPES OF SERVICES.

  Expenses $57,366

• MPECU HAS AN ATM FEE REIMBURSEMENT PROGRAM THAT REFUNDED $46,099 IN ATM SURCHARGE FEES BACK TO ITS MEMBERS.

  Expenses $46,099

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $8,527,985

  Expenses

  $7,299,133

  Contributions

  $0

  Grants paid

  $0

• 2023

  Revenue

  $6,860,848

  Expenses

  $5,846,752

  Contributions

  $0

  Grants paid

  $0

• 2022

  Revenue

  $5,060,015

  Expenses

  $4,086,098

  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

  $4,364,671

  Expenses

  $4,085,794

  Assets (EOY)

  $121,515,330

• 2020 · 990

  Revenue

  $4,065,026

  Expenses

  $3,719,766

  Assets (EOY)

  $111,618,828

• 2019 · 990

  Revenue

  $4,455,132

  Expenses

  $3,916,924

  Assets (EOY)

  $97,433,358

• 2018 · 990

  Revenue

  $4,231,614

  Expenses

  $3,972,181

  Assets (EOY)

  $99,421,405

• 2017 · 990

  Revenue

  $3,924,545

  Expenses

  $3,678,740

  Assets (EOY)

  $93,945,925

• 2016 · 990

  Revenue

  $3,806,464

  Expenses

  $3,466,113

  Assets (EOY)

  $95,054,554

• 2015 · 990

  Revenue

  $3,556,837

  Expenses

  $3,124,059

  Assets (EOY)

  $92,073,904

• 2014 · 990

  Revenue

  $3,465,476

  Expenses

  $3,114,811

  Assets (EOY)

  $87,498,020

• 2013 · 990

  Revenue

  $3,438,195

  Expenses

  $3,074,518

  Assets (EOY)

  $85,364,838

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $2,955,531

  Assets (EOY)

  $85,082,476

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.

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