Civic Intelligence

Dupaco Community Credit Union

EIN 42-0674206 • 501(c)14 • Dubuque, IA

Profile

To improve our members financial position and build valued relationships by delivering personalized financial advice, products and services.

1000 Jackson StDubuque, IA 52001

www.dupaco.com

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.90x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

29th percentile

14.01x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

54th percentile

$1,089,274

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)14 • $1B+ nonprofits • Source year 2024

Asset Growth

64th percentile

5.2%

Faster asset growth than 64% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

19%

Faster revenue growth than 63% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,437,611,452

Up $171,436,457 (+5.2%) from 2023

Liabilities

Up

$3,100,574,625

Up $149,845,586 (+5.1%) from 2023

Net Assets

Up

$337,036,827

Up $21,590,871 (+6.8%) from 2023

Revenue

Up

$221,321,994

Up $34,786,016 (+19%) from 2023

Expenses

Up

$193,408,708

Up $17,475,009 (+9.9%) from 2023

Net Income

Up

$27,913,286

Up $17,311,007 (+163%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0B$3.0B$2.0B$1.0B$0Assets 2011: $975,136,780Liabilities 2011: $861,937,820Net Assets 2011: $113,198,9602011Assets 2012: $1,067,663,560Liabilities 2012: $930,905,930Net Assets 2012: $136,757,6302012Assets 2013: $1,123,457,400Liabilities 2013: $984,652,778Net Assets 2013: $138,804,6222013Assets 2014: $1,262,445,324Liabilities 2014: $1,080,194,899Net Assets 2014: $182,250,4252014Assets 2015: $1,339,209,045Liabilities 2015: $1,140,199,165Net Assets 2015: $199,009,8802015Assets 2016: $1,515,034,790Liabilities 2016: $1,300,766,428Net Assets 2016: $214,268,3622016Assets 2018: $1,696,414,367Liabilities 2018: $1,444,629,492Net Assets 2018: $251,784,8752018Assets 2020: $2,430,753,466Liabilities 2020: $2,095,833,459Net Assets 2020: $334,920,0072020Assets 2021: $2,697,668,812Liabilities 2021: $2,339,911,430Net Assets 2021: $357,757,3822021Assets 2022: $3,010,409,376Liabilities 2022: $2,718,281,330Net Assets 2022: $292,128,0462022Assets 2023: $3,266,174,995Liabilities 2023: $2,950,729,039Net Assets 2023: $315,445,9562023Assets 2024: $3,437,611,452Liabilities 2024: $3,100,574,625Net Assets 2024: $337,036,8272024

Highlighted filing

2024

Assets$3,437,611,452
Liabilities$3,100,574,625
Net Assets$337,036,827

Operations Trend

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

$300M$200M$100M$0Expenses 2011: $45,714,7642011Expenses 2012: $46,018,8162012Revenue 2013: $64,623,860Expenses 2013: $46,013,795Net Income 2013: $18,610,0652013Revenue 2014: $71,064,911Expenses 2014: $46,980,379Net Income 2014: $24,084,5322014Revenue 2015: $74,749,594Expenses 2015: $51,843,543Net Income 2015: $22,906,0512015Revenue 2016: $80,048,605Expenses 2016: $61,464,123Net Income 2016: $18,584,4822016Revenue 2018: $101,689,571Expenses 2018: $78,483,157Net Income 2018: $23,206,4142018Revenue 2020: $128,419,225Expenses 2020: $100,986,194Net Income 2020: $27,433,0312020Revenue 2021: $141,667,905Expenses 2021: $107,658,404Net Income 2021: $34,009,5012021Revenue 2022: $147,562,356Expenses 2022: $127,807,783Net Income 2022: $19,754,5732022Revenue 2023: $186,535,978Expenses 2023: $175,933,699Net Income 2023: $10,602,2792023Revenue 2024: $221,321,994Expenses 2024: $193,408,708Net Income 2024: $27,913,2862024

Highlighted filing

2024

Revenue$221,321,994
Expenses$193,408,708
Net Income$27,913,286

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3,438$3,101$337$221$193$27.9
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,266$2,951$315$187$176$10.6
2022Detailed filing. Detailed filing data is available for this year.$3,010$2,718$292$148$128$19.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,698$2,340$358$142$108$34.0
2020Detailed filing. Detailed filing data is available for this year.$2,431$2,096$335$128$101$27.4
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,696$1,445$252$102$78.5$23.2
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,515$1,301$214$80.0$61.5$18.6
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,339$1,140$199$74.7$51.8$22.9
2014Detailed filing. Detailed filing data is available for this year.$1,262$1,080$182$71.1$47.0$24.1
2013Detailed filing. Detailed filing data is available for this year.$1,123$985$139$64.6$46.0$18.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,068$931$137$46.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$975$862$113$45.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$239,079,994
Mission and Program Overview

Mission

To improve our members financial position and build valued relationships by delivering personalized financial advice, products and services.

Member owned financial cooperative that offers a complete line of services. Dupacos vision is Brighter community for all, and our mission is Help members build a life worth loving.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,338,037,524$2,317,293,587▼ $20,743,937
Savings and Temporary Cash Investments$159,311,105$378,658,598▲ $219,347,493
Rtn Earn Endowment Incm Other Fnds$315,445,956$337,036,827▲ $21,590,871
Investments in Publicly Traded Securities$362,553,405$318,987,957▼ $43,565,448
Investments Program Related$137,956,066$146,804,204▲ $8,848,138
Land, Buildings, and Equipment, Net$126,817,017$126,183,292▼ $633,725
Cash and Non-Interest-Bearing Accounts$25,563,779$25,361,288▼ $202,491
Receivables From Officers Etc$13,334,184$13,735,322▲ $401,138
Accounts Receivable$1,089,146$8,869,564▲ $7,780,418
Prepaid Expenses and Deferred Charges$4,057,794$4,020,615▼ $37,179
Total Assets$3,266,174,995$3,437,611,452▲ $171,436,457
Other Assets Total$97,454,975$97,697,025▲ $242,050
Liabilities
Other Liabilities$2,574,005,632$2,700,816,586▲ $126,810,954
Mortgage Notes Payable Secured by Investment Property$355,357,041$365,105,970▲ $9,748,929
Accounts Payable and Accrued Expenses$18,567,915$31,795,809▲ $13,227,894
Escrow Account Liability$2,798,451$2,856,260▲ $57,809
Total Liabilities$2,950,729,039$3,100,574,625▲ $149,845,586
Net Assets / Fund Balance
Total Net Assets Fund Balance$315,445,956$337,036,827▲ $21,590,871
Total Liabilities and Net Assets / Fund Balance$3,266,174,995$3,437,611,452▲ $171,436,457

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$98,398,569$23,399,106$121,797,675
Equipment$13,563,578$33,328,541$46,892,119
Land$14,221,145-$14,221,145
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph HearnPresident/CEOFT$443,070$648,420$1,091,490
Danielle GrattonChief Financial OfficerFT$303,487$489,388$792,875
Matt DoddsChief Operating OfficerFT$274,150$404,822$678,972
Steve ErvolinoChief Information OfficerFT$247,144$369,478$616,622
David KlavitterChief Marketing OfficerFT$211,605$342,636$554,241
Suzan Martin-HallahnFinancial AdvisorFT$234,251$366,690$366,690
Mark HoaglinSVP, Wealth Management InsuranceFT$319,199$118,067$352,318
David AndrewFinancial AdvisorFT$284,308$315,594$315,594
Bob WethalDirector-$3,263-$3,263
Ron MeyersDirector-$2,418-$2,418
Ellen Goodmann MillerDirector, Chair-$2,231-$2,231
Andy SchroederDirector, Treasurer-$1,891-$1,891
Jeff GonnerDirector-$1,750-$1,750
Denise DolanDirector-$1,333-$1,333
J Stephan ChapmanDirector, Vice Chair-$1,333-$1,333
Randy SkempDirector, Secretary-$1,333-$1,333
Renee PoppeDirector-$1,333-$1,333

Highest Paid Contractors

ContractorServicesLocationCompensation
CU Cooperative Systems LLCCard ProcessingPO Box 8388, Des Moines, IA 50301$3,335,415
MastercardCard Processing2200 Mastercard Blvd, O Fallon, MO 63368$2,597,139
Data Business EquipmentBranch Technology10435 New York Ave, Urbandale, IA 50322$1,709,642
Union Hoermann PressPrinting2175 Kerper Blvd, Dubuque, IA 52004$1,022,316
National Credit Union AdministrationInsurance1775 Duke St, Alexandria, VA 22314$950,626
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$189,332,308
Investment Income
$30,966,967
Other Revenue
$1,022,719
Change in Net Assets
$27,913,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$134,061,354
Salaries, Compensation, and Employee Benefits$58,762,796
Grants and Similar Amounts Paid$584,558
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$78,343,106
Other Salaries and Wages---$43,785,655
Information Technology---$9,139,309
Depreciation Depletion---$8,879,748
Other Expenses---$7,954,421
Occupancy---$6,844,179
Advertising---$5,971,526
Other Employee Benefits---$5,137,819
Pension Plan Contributions---$3,936,191
Payroll Taxes---$3,268,392
All Other Expenses---$2,674,507
Current Officers, Directors, Trustees, and Key Employees---$2,323,135
Office Expenses---$1,761,188
Conferences and Meetings---$998,647
Grants to Domestic Orgs---$584,558
Fees for Services Legal---$350,332
Comp Disqual Persons---$311,604
Fees for Services Accounting---$288,930
Insurance---$232,195
Total Functional Expenses$0$0$0$193,408,708
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dupaco RW Hoefer FoundationDubuque, IA501c3General Support$133,000
Creative Adventure LabDubuque, IA501c3General Support$124,500
Holy Family Catholic SchoolsDubuque, IA501c3General Support$45,540
Greater Dubuque Development CorporationDubuque, IA501c3General Support$25,000
Dyersville Industries IncDyerville, IA501c3General Support$12,500
Four Mounds Foundation HEART ProgramDubuque, IA501c3General Support$10,000
Mississippi Driftless Regional FoundationDubuque, IA501c3General Support$10,000
Multicultural Family CenterDubuque, IA501c3General Support$10,000
National Mississippi River Museum and AquariumDubuque, IA501c3General Support$10,000
The Fountain of Youth ProgramDubuque, IA501c3General Support$10,000
Iowa Credit Union LeagueDes Moines, IA501c6General Support$8,470
Key City Creative CenterDubuque, IA501c3General Support$6,560
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jason SkempFamily member of DirectorEmploymentNo$154,623
Leslie BiverFamily member of DirectorEmploymentNo$93,275
Christy DeckerFamily member of DirectorEmploymentNo$63,706

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$13,334,184$13,735,322▲ $401,138
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$1,226,012,819
Regular Shares$981,663,932
Federal income taxes$493,139,835
Certificates-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Dupaco Community Credit Union has members as specified by their bylaws.

Form 990, Part VI, Section A, Line 7A

The members of Dupaco Community Credit Union elect the Board of Directors on an annual basis.

Form 990, Part VI, Section A, Line 7B

The members of Dupaco Community Credit Union have the right to elect the Board of Directors. The decision to merge or acquire another financial institution is also subject to approval by the membership.

Form 990, Part VI, Section B, Line 11B

Every voting member of the board of directors received a full copy of the final 2024 990 tax return for Dupaco Community Credit Union to review prior to the submission of the return to the IRS. Any questions that the board members had in regards to the return were discussed.

Form 990, Part VI, Section B, Line 12C

Dupaco annually requires all directors to complete a conflict of interest form where any member accounts or organizations that would potentially impair their independence with Dupaco Community Credit Union are listed and conflicts would be reviewed by the Board. Dupaco Community Credit Unions Employee Handbook, which is approved by the Board of directors annually, discusses the Conflict of Interest policy in which employees sign an acknowledgement stating they have read and understood the Handbook. Employees are directed to discuss potential conflicts with the Human Resources department. Upon completion of each, the various forms are kept in the administration office under a locked file cabinet.

Form 990, Part VI, Section B, Line 15

The Dupaco Board of Directors has designated the Dupaco management compensation program to be competitive in the marketplace and ensure alignment of the long term interests of both managers and members. Dupaco top management officials as well as other officers and key employees compensation is based on national compensation surveys and independent consultant analyses of similar sized financial institutions around the United States. The Dupaco Board of Directors Personnel Committee regularly reviews this data to ensure Dupaco is paying a fair market wage to attract and retain employee talent for these positions to manage a strong, stable and successful financial institution. The personnel committee provides annual recommendations of salary adjustments to the Board of Directors, who then votes on the recommendations. These approvals are documented in the personnel committee and board minutes. Components of management compensation packages include a large percentage of variable at risk pay, which is based on the credit unions annual member staff engagement, satisfaction, and financial performance, as well as the credit unions business strategy as determined by the Board of Directors on an annual basis.

Form 990, Part VI, Section C, Line 19

Dupacos governing documents, conflict of interest policy, and financial statements are posted at each branch location and are also available upon request.

Filing and Contact Details

Filer

Filer Name
Dupaco Community Credit Union
EIN
42-0674206
Phone
5635577600
Address
1000 Jackson St, Dubuque, IA 52001

Signing Officer

Name
Danielle Gratton
Title
CFO
Phone
5635577600
Signed
2025-11-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Danielle Gratton
Formed
1948
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
7
Employees
738

Preparer

Preparer
Dupaco Dupaco
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 5

Securities available for sale are accounted for at fair value and the unrealized holding gains and losses are presented as a separate component of accumulated other comprehensive income. The change in unrealized gain and loss on securities available for sale was a decrease of 7,898,000.

Form 990, Part XII, Line 2C

The oversight and selection process has not changed from the prior tax year.

Financial Statement Notes

IV 2B

Dupaco collects amounts from members with real estate loans each month via their contractual payment schedule. These funds are held in escrow until they need to be disbursed in accordance with the escrow instructions for each member. Amounts held in escrow are for property taxes and homeowners insurance.

X 2

Dupaco Community Credit Union The Credit Union is exempt from income tax under Section 501c14 of the Internal Revenue Code and Section 122 of the Credit Union Act. The Credit Union accounts for uncertainty in income taxes in accordance with Accounting Standards Codification ASC 740, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, the Credit Union may recognize the tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. This standard did not have an impact on the consolidated financial statements and the Credit Union does not have any uncertain tax positions. The Credit Union recognizes interest and penalties on income taxes as a component of income tax expense.

Raw XML AppendixShowing 400 of 839 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Danielle Gratton
IRS990/Form990PartVIISectionAGrp/PersonNm2Matt Dodds
IRS990/Form990PartVIISectionAGrp/PersonNm3Steve Ervolino
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IRS990/Form990PartVIISectionAGrp/PersonNm8Bob Wethal
IRS990/Form990PartVIISectionAGrp/PersonNm9Ron Meyers
IRS990/Form990PartVIISectionAGrp/PersonNm10Ellen Goodmann Miller
IRS990/Form990PartVIISectionAGrp/PersonNm11Andy Schroeder
IRS990/Form990PartVIISectionAGrp/PersonNm12Jeff Gonner
IRS990/Form990PartVIISectionAGrp/PersonNm13Denise Dolan
IRS990/Form990PartVIISectionAGrp/PersonNm14Randy Skemp
IRS990/Form990PartVIISectionAGrp/PersonNm15Renee Poppe
IRS990/Form990PartVIISectionAGrp/PersonNm16J Stephan Chapman
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Dupaco collects amounts from members with real estate loans each month via their contractual payment schedule. These funds are held in escrow until they need to be disbursed in accordance with the escrow instructions for each member. Amounts held in escrow are for property taxes and homeowners insurance.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Dupaco Community Credit Union The Credit Union is exempt from income tax under Section 501c14 of the Internal Revenue Code and Section 122 of the Credit Union Act. The Credit Union accounts for uncertainty in income taxes in accordance with Accounting Standards Codification ASC 740, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, the Credit Union may recognize the tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. This standard did not have an impact on the consolidated financial statements and the Credit Union does not have any uncertain tax positions. The Credit Union recognizes interest and penalties on income taxes as a component of income tax expense.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0IV 2b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1X 2
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