Nonprofit · EIN 41-0195345
MEMBERS COOPERATIVE CREDIT UNION
Tax-exempt · DULUTH, MN 55807
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $69,886,373 | $63,279,312 | $6,607,061 | $1,172,158,864 | $1,057,865,842 | $114,293,022 |
| December 31, 2024 | 990 | $65,178,355 | $60,606,630 | $4,571,725 | $1,150,000,075 | $1,045,019,833 | $104,980,242 |
| December 31, 2023 | 990 | $60,672,514 | $60,581,870 | $90,644 | $1,193,596,347 | $1,093,620,853 | $99,975,494 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $62,682,608
- Investment income
- $7,203,765
- Net gain from sales of assets
- $2,124,963
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $178,766
- Benefits paid to members
- $13,699,442
- Compensation of officers, directors and key employees
- $3,156,267
- Other salaries and wages
- $12,258,585
- Salaries, compensation and benefits (total)
- $22,454,899
- Professional fundraising fees
- $0
- Legal fees
- $213,111
- Accounting fees
- $229,852
- Occupancy
- $1,519,495
- Travel
- $50,705
- Depreciation
- $1,989,501
Balance sheet and other
- Total assets, start of year
- $1,150,000,075
- Total assets, end of year
- $1,172,158,864
- Total liabilities, end of year
- $1,057,865,842
- Net assets, end of year
- $114,293,022
- Land, buildings and equipment
- $26,359,983
- Gross unrelated business income
- $335,047
- Gross receipts
- $74,319,840
- Employees
- 285
- Volunteers
- 0
- Year formed
- 1936
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN EWERS | PRESIDENT/CEO Officer | 55 | $938,025 | $60,120 |
| RALPH HAMANN | CFO/CHRO Officer | 50 | $486,829 | $74,703 |
| JANET VOLD | CIO/COO Key employee | 50 | $488,467 | $63,562 |
| STEPHAN GLONCHAK | CHIEF LENDING OFFICER Key employee | 50 | $438,964 | $55,226 |
| SIMONE SURI | GENERAL COUNSEL Key employee | 50 | $411,191 | $62,944 |
| SUSAN SHOLD | VP HR Highest-paid employee | 45 | $187,499 | $28,966 |
| CORY STENSON | MORTGAGE MANAGER Highest-paid employee | 45 | $173,814 | $30,896 |
| NEIL SAMPLE | VP BUSINESS SERVICES Highest-paid employee | 45 | $177,820 | $19,890 |
| MARISA JERAMA | VP RETAIL MANAGEMENT Highest-paid employee | 45 | $160,897 | $34,290 |
| ERIC FUGLISTER | VP CONSUMER LENDING Highest-paid employee | 45 | $159,084 | $9,534 |
| DORIS DAHL | CHAIR Trustee or director, Officer | 14.7 | $21,849 | $0 |
| DAVID VUKELICH | VICE CHAIR Trustee or director, Officer | 13.1 | $12,000 | $0 |
| NIAL ANDRE MUSON KLYN | ASSOCIATE DIRECTOR Trustee or director | 4 | $6,869 | $0 |
| MARY KROHN | ASSOCIATE DIRECTOR Trustee or director | 5 | $6,220 | $0 |
| JOHN GILBERT | DIRECTOR Trustee or director | 6.7 | $6,000 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUSS SALGY | DIRECTOR Trustee or director | 7.1 | $6,000 |
| RODNEY BIBEAU | DIRECTOR Trustee or director | 1.3 | $6,000 |
| JOE WOLFF | DIRECTOR Trustee or director | 3.2 | $6,000 |
| TAMI JACOBS | ASSOCIATE DIRECTOR Trustee or director | 4 | $5,298 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN EWERS | PRESIDENT/CEO Officer | 55 | $556,461 | $53,972 |
| JANET VOLD | CIO/COO Key employee | 50 | $412,677 | $62,161 |
| RALPH HAMANN | CFO/CHRO Officer | 50 | $397,179 | $66,265 |
| SIMONE SURI | GENERAL COUNSEL Key employee | 50 | $339,660 | $55,571 |
| STEPHAN GLONCHAK | CHIEF LENDING OFFICER Key employee | 50 | $334,187 | $38,153 |
| BRAE OLSON | VP MARKETING Highest-paid employee | 45 | $182,816 | $26,174 |
| ANDY JONESON | VP IT Highest-paid employee | 45 | $175,366 | $25,549 |
| MARISA JERAMA | VP RETAIL MANAGEMENT Highest-paid employee | 45 | $159,669 | $33,023 |
| SUSAN SHOLD | VP HUMAN RESOURCES Highest-paid employee | 45 | $162,987 | $24,899 |
| CORY STENSON | MORTGAGE MANAGER Highest-paid employee | 45 | $153,472 | $29,141 |
| DORIS DAHL | CHAIR Trustee or director, Officer | 14.7 | $18,000 | $0 |
| DAVID VUKELICH | BOARD VICE CHAIR Trustee or director, Officer | 13.1 | $12,000 | $0 |
| JOHN GILBERT | DIRECTOR Trustee or director | 6.7 | $6,000 | $0 |
| RUSS SALGY | DIRECTOR Trustee or director | 7.1 | $6,000 | $0 |
| RODNEY BIBEAU | DIRECTOR Trustee or director | 1.3 | $6,000 | $0 |
| JOE WOLFF | DIRECTOR Trustee or director | 3.2 | $6,000 | $0 |
| MARY KROHN | ASSOCIATE DIRECTOR Trustee or director | 5 | $6,000 | $0 |
| NIAL ANDRE MUSON KLYN | ASSOCIATE DIRECTOR Trustee or director | 4 | $6,000 | $0 |
| PETER VANG | DIRECTOR Trustee or director | 6.7 | $4,500 | $0 |
| JENNIE SIEBERT | DIRECTOR Trustee or director | 6.7 | $3,000 | $0 |
| DIANNE CARLSON | EMERITUS DIRECTOR Trustee or director | 6.7 | $2,750 | $0 |
| NICOLE BARKER | BOARD SECRETARY & TREASURER Trustee or director, Officer | 6.1 | $2,000 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN EWERS | PRESIDENT/CEO Officer | 55 | $543,424 | $52,664 |
| JANET VOLD | CIO/COO Key employee | 50 | $368,941 | $61,440 |
| RALPH HAMANN | CFO/CHRO Officer | 50 | $351,009 | $69,906 |
| STEPHAN GLONCHAK | CHIEF LENDING OFFICER Key employee | 50 | $368,757 | $32,111 |
| SIMONE SURI | GENERAL COUNSEL Key employee | 50 | $318,312 | $56,666 |
| RYANNE BATTAGLIA | CMO Key employee | 50 | $255,011 | $13,394 |
| BRAE OLSON | VP MARKETING Highest-paid employee | 45 | $177,617 | $22,410 |
| PAUL MILLER | VP DATA AND ANALYTICS Highest-paid employee | 45 | $175,457 | $23,610 |
| ANDY JONESON | VP IT Highest-paid employee | 45 | $166,569 | $28,279 |
| JEFFREY STANLEY | VP DIGITAL SERVICES Highest-paid employee | 45 | $165,235 | $28,458 |
| CORY STENSON | MORTGAGE MANAGER Highest-paid employee | 45 | $161,388 | $29,256 |
| DORIS DAHL | CHAIR Trustee or director, Officer | 14.7 | $18,790 | $0 |
| DAVID VUKELICH | BOARD VICE CHAIR Trustee or director, Officer | 13.1 | $12,716 | $0 |
| JOE WOLFF | DIRECTOR Trustee or director | 3.2 | $6,591 | $0 |
| NICOLE BARKER | BOARD SECRETARY & TREASURER Trustee or director, Officer | 6.1 | $6,000 | $0 |
| JOHN GILBERT | DIRECTOR Trustee or director | 6.7 | $6,000 | $0 |
| RUSS SALGY | DIRECTOR Trustee or director | 7.1 | $6,000 | $0 |
| JENNIE SIEBERT | DIRECTOR Trustee or director | 6.7 | $6,000 | $0 |
| PETER VANG | DIRECTOR Trustee or director | 6.7 | $6,000 | $0 |
| RODNEY BIBEAU | DIRECTOR Trustee or director | 1.3 | $6,000 | $0 |
| DIANNE CARLSON | EMERITUS DIRECTOR Trustee or director | 6.7 | $6,000 | $0 |
| MARY KROHN | ASSOCIATE DIRECTOR Trustee or director | 5 | $3,500 | $0 |
| NIAL ANDRE MUSON KLYN | ASSOCIATE DIRECTOR Trustee or director | 4 | $2,500 | $0 |
| THERESA DANDREA | DIRECTOR Trustee or director | 10.6 | $1,700 | $0 |
Address and contacts
- Address (IRS master file)
- 215 N 40TH AVE W, DULUTH, MN 55807-1654
- In care of
- % DOHERTY EMPLOYMENT GROUP
- Mailing address (990-N for 2022)
- 820 NW 1st Avenue, Grand Rapids MN 55744
- Principal officer (990 for 2025)
- DANIELLE STEELE, 215 N 40TH AVENUE WEST, DULUTH, MN 55807
- Principal officer (990-N for 2022)
- Dan Williams, 820 NW 1st Avenue, Grand Rapids MN 55744
- Signed the 990
- DANIELLE STEELE, CONTROLLER
- Phone
- (218) 625-8500
- Website
- WWW.MEMBERSCCU.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO MAKE OUR COMMUNITIES STRONGER, OUR EMPLOYEES HAPPIER, AND OUR WORLD BETTER.
Program accomplishments
- DIVIDENDS AND INTEREST OF $13.7 MILLION WAS PAID TO MEMBERS IN 2025 ON 131,600 DEPOSIT ACCOUNTS. WE STRIVE TO OFFER COMPETITVE RATES TO OUR MEMBERS.
- 24,836 LOANS TOTALING OVER $934 MILLION WERE ACTIVE FOR CONSUMER, MORTGAGE AND COMMERCIAL LOANS. OUR GOAL IS TO OFFER LOANS AT REASONABLE RATES TO OUR MEMBERS. TO PROVIDE INDIRECT LOANS TO CUSTOMERS OF AUTO DEALERSHIPS IN THE AREA AT COMPETITIVE RATES.
- AVAILABILITY OF 15 OF OUR OWN ATM'S AS WELL AS A LARGE NETWORK OF ATM'S NATION AND WORLD WIDE TO OUR MEMBERS AND NON-MEMBERS. WE WANT TO OFFER CONVENIENCE TO OUR MEMBERS AFTER HOURS AND AWAY FROM HOME.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0195345
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0708: CREDIT UNIONS IN THE STATE OF MINNESOTA
- Assets (IRS master file)
- $1,172,158,864
- Income (IRS master file)
- $74,319,840
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $69,886,373 | $63,279,312 | $1,172,158,864 | XML |
| 990 | December 2024 | $65,178,355 | $60,606,630 | $1,150,000,075 | XML |
| 990 | December 2023 | $60,672,514 | $60,581,870 | $1,193,596,347 | XML |
| 990-N for 2022 Officer: Dan Williams | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0195345).
Questions about MEMBERS COOPERATIVE CREDIT UNION
- What is the EIN of MEMBERS COOPERATIVE CREDIT UNION?
- The employer identification number (EIN) of MEMBERS COOPERATIVE CREDIT UNION is 41-0195345.
- Is MEMBERS COOPERATIVE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to MEMBERS COOPERATIVE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEMBERS COOPERATIVE CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEMBERS COOPERATIVE CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMBERS COOPERATIVE CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MEMBERS COOPERATIVE CREDIT UNION?
- The 990 for the year ended December 31, 2025 names DANIELLE STEELE.
- Who are the officers and directors of MEMBERS COOPERATIVE CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 19 people; 19 received compensation from the organization, the highest $938,025 (STEPHEN EWERS, PRESIDENT/CEO).
- How much revenue does MEMBERS COOPERATIVE CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $69,886,373, expenses of $63,279,312 and total assets of $1,172,158,864 at year end.
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