Civic Intelligence

Ely Area Credit Union

EIN 41-0237440 • 501(c)14 • Ely, MN

View Organization Page

Profile

As 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.

2 E Chapman StEly, MN 55731

elyareacu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

1st percentile

0.00x

Higher debt load relative to assets than 1% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

1st percentile

0.02x

Higher debt load relative to revenue than 1% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2025

Net Margin

100th percentile

49%

Higher net margin than 100% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

36th percentile

$141,853

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

501(c)14 • $50M-$100M nonprofits • Source year 2025

Asset Growth

87th percentile

8.6%

Faster asset growth than 87% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

81st percentile

19%

Faster revenue growth than 81% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$73,171,414

Up $5,770,989 (+8.6%) from 2024

Liabilities

Up

$65,964

Up $3,826 (+6.2%) from 2024

Net Assets

Up

$73,105,450

Up $5,767,163 (+8.6%) from 2024

Operations
Liabilities / Revenue1st percentileNet Margin100th percentile

Revenue

Up

$3,505,301

Up $557,903 (+19%) from 2024

Expenses

Up

$1,797,104

Up $135,062 (+8.1%) from 2024

Net Income

Up

$1,708,197

Up $422,841 (+33%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $18,175,808Liabilities 2010: $16,338,866Net Assets 2010: $1,836,9422010Assets 2011: $18,499,750Liabilities 2011: $16,580,991Net Assets 2011: $1,918,7592011Assets 2012: $18,045,666Liabilities 2012: $16,021,412Net Assets 2012: $2,024,2542012Assets 2013: $19,964,400Liabilities 2013: $17,870,174Net Assets 2013: $2,094,2262013Assets 2014: $20,443,910Liabilities 2014: $18,227,907Net Assets 2014: $2,216,0032014Assets 2015: $22,919,071Liabilities 2015: $87,243Net Assets 2015: $22,831,8282015Assets 2016: $38,443,560Liabilities 2016: $15,363Net Assets 2016: $38,428,1972016Assets 2017: $38,713,785Liabilities 2017: $24,697Net Assets 2017: $38,689,0882017Assets 2018: $43,270,252Liabilities 2018: $42,050Net Assets 2018: $43,228,2022018Assets 2019: $43,758,560Liabilities 2019: $64,579Net Assets 2019: $43,693,9812019Assets 2020: $54,365,317Liabilities 2020: $33,165Net Assets 2020: $54,332,1522020Assets 2021: $63,210,679Liabilities 2021: $43,168Net Assets 2021: $63,167,5112021Assets 2022: $63,688,645Liabilities 2022: $89,235Net Assets 2022: $63,599,4102022Assets 2023: $64,991,016Liabilities 2023: $41,570Net Assets 2023: $64,949,4462023Assets 2024: $67,400,425Liabilities 2024: $62,138Net Assets 2024: $67,338,2872024Assets 2025: $73,171,414Liabilities 2025: $65,964Net Assets 2025: $73,105,4502025

Highlighted filing

2025

Assets$73,171,414
Liabilities$65,964
Net Assets$73,105,450
Open 2025 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $849,5522010Expenses 2011: $664,3062011Expenses 2012: $631,2812012Revenue 2013: $727,464Expenses 2013: $657,492Net Income 2013: $69,9722013Revenue 2014: $763,075Expenses 2014: $641,298Net Income 2014: $121,7772014Revenue 2015: $809,302Expenses 2015: $648,161Net Income 2015: $161,1412015Revenue 2016: $1,217,918Expenses 2016: $953,366Net Income 2016: $264,5522016Revenue 2017: $1,387,861Expenses 2017: $1,126,970Net Income 2017: $260,8912017Revenue 2018: $1,602,634Expenses 2018: $1,228,337Net Income 2018: $374,2972018Revenue 2019: $1,798,838Expenses 2019: $1,333,059Net Income 2019: $465,7792019Revenue 2020: $1,790,717Expenses 2020: $1,208,143Net Income 2020: $582,5742020Revenue 2021: $1,880,737Expenses 2021: $1,363,430Net Income 2021: $517,3072021Revenue 2022: $1,866,322Expenses 2022: $1,434,423Net Income 2022: $431,8992022Revenue 2023: $2,330,009Expenses 2023: $1,373,789Net Income 2023: $956,2202023Revenue 2024: $2,947,398Expenses 2024: $1,662,042Net Income 2024: $1,285,3562024Revenue 2025: $3,505,301Expenses 2025: $1,797,104Net Income 2025: $1,708,1972025

Highlighted filing

2025

Revenue$3,505,301
Expenses$1,797,104
Net Income$1,708,197
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$73,171,414
Liabilities
$65,964
Net assets
$73,105,450
Revenue
$3,505,301
Expenses
$1,797,104
Net income
$1,708,197
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$73.2$0.07$73.1$3.51$1.80$1.71
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.4$0.06$67.3$2.95$1.66$1.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.0$0.04$64.9$2.33$1.37$0.96
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.7$0.09$63.6$1.87$1.43$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.2$0.04$63.2$1.88$1.36$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.4$0.03$54.3$1.79$1.21$0.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.8$0.06$43.7$1.80$1.33$0.47
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.3$0.04$43.2$1.60$1.23$0.37
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.7$0.02$38.7$1.39$1.13$0.26
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$38.4$0.02$38.4$1.22$0.95$0.26
2015Detailed filing. Detailed filing data is available for this year.$22.9$0.09$22.8$0.81$0.65$0.16
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.4$18.2$2.22$0.76$0.64$0.12
2013Detailed filing. Detailed filing data is available for this year.$20.0$17.9$2.09$0.73$0.66$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$16.0$2.02$0.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$16.6$1.92$0.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$16.3$1.84$0.85
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 26, 2026
Return Version
2025v4.0
Gross Receipts
$3,505,301
Mission and Program Overview

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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$67,338,287$73,105,450▲ $5,767,163
Other Notes and Loans Receivable, Net$24,443,201$25,420,435▲ $977,234
Investments in Publicly Traded Securities$22,826,000$23,534,000▲ $708,000
Investments Other Securities$10,168,000$14,136,000▲ $3,968,000
Savings and Temporary Cash Investments$8,589,055$8,525,048▼ $64,007
Investments Program Related$565,510$576,211▲ $10,701
Cash and Non-Interest-Bearing Accounts$282,950$385,172▲ $102,222
Land, Buildings, and Equipment, Net$272,205$226,565▼ $45,640
Prepaid Expenses and Deferred Charges$52,869$107,366▲ $54,497
Total Assets$67,400,425$73,171,414▲ $5,770,989
Other Assets Total$200,635$260,617▲ $59,982
Liabilities
Accounts Payable and Accrued Expenses$62,138$65,964▲ $3,826
Total Liabilities$62,138$65,964▲ $3,826
Net Assets / Fund Balance
Total Net Assets Fund Balance$67,338,287$73,105,450▲ $5,767,163
Total Liabilities and Net Assets / Fund Balance$67,400,425$73,171,414▲ $5,770,989

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$84,144$209,732$293,876
Leasehold Improvements$46,021$56,761$102,782
Land$96,400-$96,400
Investment Program Related Org$576,211--
Other Securities$14,136,000--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mark KrekelbergTreasurermanagerFT$141,853$141,853

Board Members and Trustees

NameTitle
Todd AhoChair
Barbara MathewsVice Chair
Deb AndersonBoard Member
Kerry DavisBoard Member
Stephen PetersonBoard Member
Tina FosterBoard Member
Tony GornikBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,858,803
Investment Income
$1,323,343
Other Revenue
$323,155
Change in Net Assets
$1,708,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,120,254
Salaries, Compensation, and Employee Benefits$676,850
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$439,549
Other Employee Benefits---$200,612
Office Expenses---$130,061
All Other Expenses---$119,733
Depreciation Depletion---$88,623
Occupancy---$51,298
Information Technology---$45,161
Insurance---$39,447
Payroll Taxes---$36,689
Fees for Services Other---$29,853
Other Expenses---$28,463
Advertising---$21,569
Fees for Services Accounting---$14,004
Conferences and Meetings---$9,186
Total Functional Expenses$0$0$0$1,797,104
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI Line 6

“Any person that conforms to the bylaws of the credit union & has at least”

Part VI Line 6

“$5 in a share account is known as a member”

Part VI Line 7A

“Any member of the credit union may elect members of the governing body”

Part VI Line 7A

“AT THE ANNUAL MEETING”

Part VI Line 7B

“Governing body decisions are discussed & acted upon at the monthly”

Part VI Line 7B

“BOARD MEETINGS”

Part VI Line 11B

“The treasurer/manager looks over the 990 report before signing & filing”

Part VI Line 15A or B

“Manager's compensation is discussed & voted upon at board meetings”

Part VI Line 19

“The governing documents are available to the public upon request &”

Part VI Line 19

“The financial reports are posted in the lobby of the credit union in ely”

Filing and Contact Details

Filer

Filer Name
Ely Area Credit Union
EIN
41-0237440
In Care Of
% MARK KREKELBERG
Phone
2183653131
Address
2 E CHAPMAN ST, ELY, MN 55731

Signing Officer

Name
Mark Krekelberg
Title
Treasurermanager
Phone
2183653131
Signed
2026-03-26

Organization Details

Principal Officer
Mark Krekelberg
Formed
1938
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
10
Volunteers
10
Supplemental Narrative

Additional Explanations

Part XI Line 9

“Adjustment for increase in net assets adjustment from prior”

Part XI Line 9

“YEAR-ENDING FUND BALANCE”

Raw XML Appendix379 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt062138
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt065964
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0AS 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
IRS990/AdvertisingGrp/TotalAmt021569
IRS990/AllOtherExpensesGrp/TotalAmt0119733
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0MARK KREKELBERG
IRS990/BooksInCareOfDetail/PhoneNum02183653131
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 E CHAPMAN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0ELY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055731
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0282950
IRS990/CashNonInterestBearingGrp/EOYAmt0385172
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt09186
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01323343
IRS990/CYOtherExpensesAmt01120254
IRS990/CYOtherRevenueAmt0323155
IRS990/CYProgramServiceRevenueAmt01858803
IRS990/CYRevenuesLessExpensesAmt01708197
IRS990/CYSalariesCompEmpBnftPaidAmt0676850
IRS990/CYTotalExpensesAmt01797104
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03505301
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt088623
IRS990/Desc0DIVIDENDS PAID TO THE MEMBERS QUARTERLY ON THEIR SAVINGS ACCOUNTS
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt014004
IRS990/FeesForServicesOtherGrp/TotalAmt029853
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK KREKELBERG
IRS990/Form990PartVIISectionAGrp/PersonNm1TODD AHO
IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHEN PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3DEB ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4TINA FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm5TONY GORNIK
IRS990/Form990PartVIISectionAGrp/PersonNm6BARBARA MATHEWS
IRS990/Form990PartVIISectionAGrp/PersonNm7KERRY DAVIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0141853
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURERMANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03505301
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt045161
IRS990/InsuranceGrp/TotalAmt039447
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01323343
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01323343
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt010168000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt014136000
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0565510
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0576211
IRS990/InvestmentsPubTradedSecGrp/BOYAmt022826000
IRS990/InvestmentsPubTradedSecGrp/EOYAmt023534000
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0266493
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0272205
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0226565
IRS990/LandBldgEquipCostOrOtherBssAmt0493058
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0AS 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt067338287
IRS990/NetAssetsOrFundBalancesEOYAmt073105450
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt051298
IRS990/OfficeExpensesGrp/TotalAmt0130061
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0200635
IRS990/OtherAssetsTotalGrp/EOYAmt0260617
IRS990/OtherChangesInNetAssetsAmt05767163
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0200612
IRS990/OtherExpensesGrp/Desc0DEBIT CARD EXPENSE
IRS990/OtherExpensesGrp/Desc1DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/Desc2DATA PROCESSING
IRS990/OtherExpensesGrp/Desc3BILL PAY EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0241039
IRS990/OtherExpensesGrp/TotalAmt1237605
IRS990/OtherExpensesGrp/TotalAmt264212
IRS990/OtherExpensesGrp/TotalAmt328463
IRS990/OtherRevenueMiscGrp/BusinessCd0522291
IRS990/OtherRevenueMiscGrp/BusinessCd1522291
IRS990/OtherRevenueMiscGrp/BusinessCd2522291
IRS990/OtherRevenueMiscGrp/Desc0CORPORATE CU INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISC OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc2ATM INTERCHANGE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0288403
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt133478
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21274
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0288403
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt133478
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21274
IRS990/OtherRevenueTotalAmt0323155
IRS990/OtherSalariesAndWagesGrp/TotalAmt0439549
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt024443201
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt025420435
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt036689
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt052869
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0107366
IRS990/PrincipalOfficerNm0MARK KREKELBERG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3522291
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2VISA INCOME
IRS990/ProgramServiceRevenueGrp/Desc3CLS & CREDIT CARD INT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01433679
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt189822
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2295127
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt333219
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01433679
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt196778
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2295127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt333219
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt06956
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES FINANCIAL & FINANCIALLY RELATED SERVICES TO OUR MEMBERS
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR & REASONABLE RATE OF INTEREST
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0816648
IRS990/PYOtherExpensesAmt01044512
IRS990/PYOtherRevenueAmt0369587
IRS990/PYProgramServiceRevenueAmt01761163
IRS990/PYRevenuesLessExpensesAmt01285356
IRS990/PYSalariesCompEmpBnftPaidAmt0617530
IRS990/PYTotalExpensesAmt01662042
IRS990/PYTotalRevenueAmt02947398
IRS990/ReconcilationRevenueExpnssAmt01708197
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt067338287
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt073105450
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08589055
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08525048
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt084144
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0209732
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0293876
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0576211
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUSIF
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/LandGrp/BookValueAmt096400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt096400
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt046021
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt056761
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0102782
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt014136000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0OTHER SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0226565
IRS990ScheduleD/TotalBookValueProgramRltdAmt0576211
IRS990ScheduleD/TotalBookValueSecuritiesAmt014136000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY PERSON THAT CONFORMS TO THE BYLAWS OF THE CREDIT UNION & HAS AT LEAST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1$5 IN A SHARE ACCOUNT IS KNOWN AS A MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY MEMBER OF THE CREDIT UNION MAY ELECT MEMBERS OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT THE ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING BODY DECISIONS ARE DISCUSSED & ACTED UPON AT THE MONTHLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE TREASURER/MANAGER LOOKS OVER THE 990 REPORT BEFORE SIGNING & FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MANAGER'S COMPENSATION IS DISCUSSED & VOTED UPON AT BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST &
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE FINANCIAL REPORTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION IN ELY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10ADJUSTMENT FOR INCREASE IN NET ASSETS ADJUSTMENT FROM PRIOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11YEAR-ENDING FUND BALANCE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part XI Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Part XI Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt067400425
IRS990/TotalAssetsEOYAmt073171414
IRS990/TotalAssetsGrp/BOYAmt067400425
IRS990/TotalAssetsGrp/EOYAmt073171414
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01797104
IRS990/TotalGrossUBIAmt06956
IRS990/TotalLiabilitiesBOYAmt062138
IRS990/TotalLiabilitiesEOYAmt065964
IRS990/TotalLiabilitiesGrp/BOYAmt062138
IRS990/TotalLiabilitiesGrp/EOYAmt065964
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt067338287
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt073105450
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01858803
IRS990/TotalReportableCompFromOrgAmt0141853
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03498345
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03505301
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt06956
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt067400425
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt073171414
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 E CHAPMAN ST
IRS990/USAddress/CityNm0ELY
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055731
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.elyareacu.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK KREKELBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURERMANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02183653131
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELY AREA CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0ELYA
ReturnHeader/Filer/EIN0410237440
ReturnHeader/Filer/InCareOfNm0% MARK KREKELBERG
ReturnHeader/Filer/PhoneNum02183653131
ReturnHeader/Filer/USAddress/AddressLine1Txt02 E CHAPMAN ST
ReturnHeader/Filer/USAddress/CityNm0ELY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055731
ReturnHeader/ReturnTs02026-03-26T11:11:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

Document Assets

No mirrored PDF or thumbnail assets are attached yet.