Logo

Employer Identification Number 41-0237440

ELY AREA CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:ELY AREA CREDIT UNION
Employer identification number (EIN):41-0237440
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration ELY AREA CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementAS A MEMBER-OWNED FINANCIAL COOPERATIVE, WE WILL DEVELOPE 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.
Number of Employees6
Number of Volunteers10
Year Formed1938

Organization Governance

Legal DomicileMN
Voting Members - Governing Body5
Voting Members - Independent5

Organization Financials

2025-12-31
Total unrelated business incomeUSD $ 6,956
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,761,163
Program Service Revenue from current yearUSD $ 1,858,803
Investment Income from prior yearUSD $ 816,648
Investment Income from current yearUSD $ 1,323,343
Other Revenue from prior yearUSD $ 369,587
Other Revenue from current yearUSD $ 323,155
Gross receipts from all sourcesUSD $ 3,505,301
Net assets / fund balances at end of fiscal yearUSD $ 73,105,450
Net assets / fund balances at beginning of fiscal yearUSD $ 67,338,287
Total liabilities at end of fiscal yearUSD $ 65,964
Total liabilities at beginning of fiscal yearUSD $ 62,138
Total assets at end of fiscal yearUSD $ 73,171,414
Total assets at beginning of fiscal yearUSD $ 67,400,425
Revenues less expenses for current yearUSD $ 1,708,197
Revenues less expenses for previous yearUSD $ 1,285,356
Total expenses for current yearUSD $ 1,797,104
Total expenses for previous yearUSD $ 1,662,042
Other expenses in current yearUSD $ 1,120,254
Other expenses in previous yearUSD $ 1,044,512
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 676,850
Employee salary and benefits paid in previous yearUSD $ 617,530
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,505,301
Total revenue in previous fiscal yearUSD $ 2,947,398
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 323,155
2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 1,538,331
Investment Income from current yearUSD $ 501,979
Other Revenue from current yearUSD $ 289,699
Gross receipts from all sourcesUSD $ 2,330,009
Net assets / fund balances at end of fiscal yearUSD $ 64,949,446
Net assets / fund balances at beginning of fiscal yearUSD $ 55,099,979
Total liabilities at end of fiscal yearUSD $ 41,570
Total liabilities at beginning of fiscal yearUSD $ 89,235
Total assets at end of fiscal yearUSD $ 64,991,016
Total assets at beginning of fiscal yearUSD $ 55,189,214
Revenues less expenses for current yearUSD $ 956,220
Total expenses for current yearUSD $ 1,373,789
Other expenses in current yearUSD $ 853,401
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 520,388
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,330,009
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 289,699
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,305,558
Program Service Revenue from current yearUSD $ 1,369,739
Investment Income from prior yearUSD $ 310,940
Investment Income from current yearUSD $ 307,700
Other Revenue from prior yearUSD $ 264,239
Other Revenue from current yearUSD $ 188,883
Gross receipts from all sourcesUSD $ 1,866,322
Net assets / fund balances at end of fiscal yearUSD $ 63,599,410
Net assets / fund balances at beginning of fiscal yearUSD $ 63,167,511
Total liabilities at end of fiscal yearUSD $ 89,235
Total liabilities at beginning of fiscal yearUSD $ 43,168
Total assets at end of fiscal yearUSD $ 63,688,645
Total assets at beginning of fiscal yearUSD $ 63,210,679
Revenues less expenses for current yearUSD $ 431,899
Revenues less expenses for previous yearUSD $ 552,554
Total expenses for current yearUSD $ 1,434,423
Total expenses for previous yearUSD $ 1,328,183
Other expenses in current yearUSD $ 778,174
Other expenses in previous yearUSD $ 803,714
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 656,249
Employee salary and benefits paid in previous yearUSD $ 524,469
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,866,322
Total revenue in previous fiscal yearUSD $ 1,880,737
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 188,883
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,312,296
Program Service Revenue from current yearUSD $ 1,305,558
Investment Income from prior yearUSD $ 455,084
Investment Income from current yearUSD $ 310,940
Other Revenue from prior yearUSD $ 23,337
Other Revenue from current yearUSD $ 264,239
Gross receipts from all sourcesUSD $ 1,880,737
Net assets / fund balances at end of fiscal yearUSD $ 63,167,511
Net assets / fund balances at beginning of fiscal yearUSD $ 54,332,152
Total liabilities at end of fiscal yearUSD $ 43,168
Total liabilities at beginning of fiscal yearUSD $ 33,165
Total assets at end of fiscal yearUSD $ 63,210,679
Total assets at beginning of fiscal yearUSD $ 54,365,317
Revenues less expenses for current yearUSD $ 517,307
Revenues less expenses for previous yearUSD $ 582,574
Total expenses for current yearUSD $ 1,363,430
Total expenses for previous yearUSD $ 1,208,143
Other expenses in current yearUSD $ 803,714
Other expenses in previous yearUSD $ 665,925
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 559,716
Employee salary and benefits paid in previous yearUSD $ 393,983
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 148,235
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,880,737
Total revenue in previous fiscal yearUSD $ 1,790,717
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 264,239
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 5,061
Program Service Revenue from prior yearUSD $ 1,264,107
Program Service Revenue from current yearUSD $ 1,312,296
Investment Income from prior yearUSD $ 476,560
Investment Income from current yearUSD $ 455,084
Other Revenue from prior yearUSD $ 58,171
Other Revenue from current yearUSD $ 23,337
Gross receipts from all sourcesUSD $ 1,790,717
Net assets / fund balances at end of fiscal yearUSD $ 54,332,152
Net assets / fund balances at beginning of fiscal yearUSD $ 43,629,402
Total liabilities at end of fiscal yearUSD $ 33,165
Total liabilities at beginning of fiscal yearUSD $ 64,579
Total assets at end of fiscal yearUSD $ 54,365,317
Total assets at beginning of fiscal yearUSD $ 43,693,981
Revenues less expenses for current yearUSD $ 582,574
Revenues less expenses for previous yearUSD $ 465,779
Total expenses for current yearUSD $ 1,208,143
Total expenses for previous yearUSD $ 1,333,059
Other expenses in current yearUSD $ 665,925
Other expenses in previous yearUSD $ 766,697
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 393,983
Employee salary and benefits paid in previous yearUSD $ 566,362
Benefits paid to or for members in current yearUSD $ 148,235
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,790,717
Total revenue in previous fiscal yearUSD $ 1,798,838
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 23,337
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,180,707
Program Service Revenue from current yearUSD $ 1,264,107
Investment Income from prior yearUSD $ 354,876
Investment Income from current yearUSD $ 476,560
Other Revenue from prior yearUSD $ 67,051
Other Revenue from current yearUSD $ 58,171
Gross receipts from all sourcesUSD $ 1,798,838
Net assets / fund balances at end of fiscal yearUSD $ 43,693,981
Net assets / fund balances at beginning of fiscal yearUSD $ 43,228,202
Total liabilities at end of fiscal yearUSD $ 64,579
Total liabilities at beginning of fiscal yearUSD $ 42,050
Total assets at end of fiscal yearUSD $ 43,758,560
Total assets at beginning of fiscal yearUSD $ 43,270,252
Revenues less expenses for current yearUSD $ 465,779
Revenues less expenses for previous yearUSD $ 374,297
Total expenses for current yearUSD $ 1,333,059
Total expenses for previous yearUSD $ 1,228,337
Other expenses in current yearUSD $ 766,697
Other expenses in previous yearUSD $ 721,494
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 566,362
Employee salary and benefits paid in previous yearUSD $ 506,843
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,798,838
Total revenue in previous fiscal yearUSD $ 1,602,634
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 58,171
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,048,990
Program Service Revenue from current yearUSD $ 1,180,707
Investment Income from prior yearUSD $ 296,110
Investment Income from current yearUSD $ 354,876
Other Revenue from prior yearUSD $ 42,761
Other Revenue from current yearUSD $ 67,051
Gross receipts from all sourcesUSD $ 1,602,634
Net assets / fund balances at end of fiscal yearUSD $ 43,228,202
Net assets / fund balances at beginning of fiscal yearUSD $ 38,689,088
Total liabilities at end of fiscal yearUSD $ 42,050
Total liabilities at beginning of fiscal yearUSD $ 24,697
Total assets at end of fiscal yearUSD $ 43,270,252
Total assets at beginning of fiscal yearUSD $ 38,713,785
Revenues less expenses for current yearUSD $ 374,297
Revenues less expenses for previous yearUSD $ 260,891
Total expenses for current yearUSD $ 1,228,337
Total expenses for previous yearUSD $ 1,126,970
Other expenses in current yearUSD $ 721,494
Other expenses in previous yearUSD $ 625,053
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 506,843
Employee salary and benefits paid in previous yearUSD $ 501,917
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,602,634
Total revenue in previous fiscal yearUSD $ 1,387,861
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 67,051
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 936,212
Program Service Revenue from current yearUSD $ 1,048,990
Investment Income from prior yearUSD $ 241,927
Investment Income from current yearUSD $ 296,110
Other Revenue from prior yearUSD $ 39,779
Other Revenue from current yearUSD $ 42,761
Gross receipts from all sourcesUSD $ 1,387,861
Net assets / fund balances at end of fiscal yearUSD $ 38,689,088
Net assets / fund balances at beginning of fiscal yearUSD $ 38,428,197
Total liabilities at end of fiscal yearUSD $ 24,697
Total liabilities at beginning of fiscal yearUSD $ 15,363
Total assets at end of fiscal yearUSD $ 38,713,785
Total assets at beginning of fiscal yearUSD $ 38,443,560
Revenues less expenses for current yearUSD $ 260,891
Revenues less expenses for previous yearUSD $ 264,552
Total expenses for current yearUSD $ 1,126,970
Total expenses for previous yearUSD $ 953,366
Other expenses in current yearUSD $ 625,053
Other expenses in previous yearUSD $ 495,599
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 501,917
Employee salary and benefits paid in previous yearUSD $ 457,767
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,387,861
Total revenue in previous fiscal yearUSD $ 1,217,918
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 42,761
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 696,593
Program Service Revenue from current yearUSD $ 936,212
Investment Income from prior yearUSD $ 100,453
Investment Income from current yearUSD $ 241,927
Other Revenue from prior yearUSD $ 12,256
Other Revenue from current yearUSD $ 39,779
Gross receipts from all sourcesUSD $ 1,217,918
Net assets / fund balances at end of fiscal yearUSD $ 38,428,197
Net assets / fund balances at beginning of fiscal yearUSD $ 22,831,828
Total liabilities at end of fiscal yearUSD $ 15,363
Total liabilities at beginning of fiscal yearUSD $ 87,243
Total assets at end of fiscal yearUSD $ 38,443,560
Total assets at beginning of fiscal yearUSD $ 22,919,071
Revenues less expenses for current yearUSD $ 264,552
Revenues less expenses for previous yearUSD $ 161,141
Total expenses for current yearUSD $ 953,366
Total expenses for previous yearUSD $ 648,161
Other expenses in current yearUSD $ 495,599
Other expenses in previous yearUSD $ 362,163
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 457,767
Employee salary and benefits paid in previous yearUSD $ 285,998
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,217,918
Total revenue in previous fiscal yearUSD $ 809,302
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 39,779
2015-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 676,560
Program Service Revenue from current yearUSD $ 696,593
Investment Income from prior yearUSD $ 86,515
Investment Income from current yearUSD $ 100,453
Other Revenue from current yearUSD $ 12,256
Gross receipts from all sourcesUSD $ 809,302
Net assets / fund balances at end of fiscal yearUSD $ 22,831,828
Net assets / fund balances at beginning of fiscal yearUSD $ 22,670,687
Total liabilities at end of fiscal yearUSD $ 87,243
Total liabilities at beginning of fiscal yearUSD $ 193,288
Total assets at end of fiscal yearUSD $ 22,919,071
Total assets at beginning of fiscal yearUSD $ 22,863,975
Revenues less expenses for current yearUSD $ 161,141
Revenues less expenses for previous yearUSD $ 121,777
Total expenses for current yearUSD $ 648,161
Total expenses for previous yearUSD $ 641,298
Other expenses in current yearUSD $ 362,163
Other expenses in previous yearUSD $ 323,256
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 285,998
Employee salary and benefits paid in previous yearUSD $ 297,294
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 20,748
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 809,302
Total revenue in previous fiscal yearUSD $ 763,075
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 12,256

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 410237440

USA Location Address
2 E CHAPMAN ST
ELY
MN
55731
Date first seen: 2007-01-01
Date last seen: 2026-03-26
401k Sponsor USA Address
2 E CHAPMAN ST
ELY
MN
557311228
Date first seen: 2025-07-31
Date last seen: 2026-04-30

EIN Events

Event Date Event description
2009-12-31Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2009

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
S1 401k Lookup     VAT Lookup