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Nonprofit · EIN 41-0615030

UNITED EMPLOYEES CREDIT UNION

Tax-exempt · ALBERT LEA, MN 56007

Financials

$2.1M$1.6M2023$2.7M$2.1M2024$3.1M$2.2M2025
Revenue Expenses · by fiscal year end
Financials of UNITED EMPLOYEES CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$3,092,728$2,202,524$890,204$64,693,688$55,802,685$8,891,003
December 31, 2024990$2,725,951$2,111,993$613,958$59,952,132$51,951,333$8,000,799
December 31, 2023990$2,077,547$1,596,167$481,380$57,604,303$50,217,462$7,386,841
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,800,331
Investment income
$1,286,902
Royalties
$5,495
Net gain from sales of assets
-$3,430
Other revenue
$5,495

Expenses

Grants and similar amounts paid
$2,000
Compensation of officers, directors and key employees
$237,471
Other salaries and wages
$241,284
Salaries, compensation and benefits (total)
$612,676
Professional fundraising fees
$0
Accounting fees
$27,821
Occupancy
$23,517
Travel
$6,761
Depreciation
$12,217

Balance sheet and other

Total assets, start of year
$59,952,132
Total assets, end of year
$64,693,688
Total liabilities, end of year
$55,802,685
Net assets, end of year
$8,891,003
Land, buildings and equipment
$124,713
Gross unrelated business income
$450
Gross receipts
$3,107,158
Employees
9
Volunteers
10
Year formed
1932
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.

NameTitleHours / weekCompensationOther / benefits
MATT MARASPRESIDENT /
Officer
45$157,786$14,486
DAVID SCHROEDERVICE PRESIDE
Officer
42$79,685$23,546
C THAYNE NORDLANDBOARD CHAIR
Trustee or director, Officer
1$0$0
STEVE GUENTHNERVICE CHAIR
Trustee or director, Officer
1$0$0
GRACE STEILSECRETARY
Trustee or director, Officer
1$0$0
LEON HELLICKSONDIRECTOR
Trustee or director
1$0$0
STEVE BOWRONDIRECTOR
Trustee or director
1$0$0
JAY WALTMANDIRECTOR
Trustee or director
1$0$0
RON TIMMDIRECTOR
Officer
1$0$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
MATT MARASPRESIDENT /
Officer
45$144,269$13,652
DAVID SCHROEDERVICE PRESIDE
Officer
42$72,473$21,023
MARGARET FLATNESSVICE PRESIDE
Officer
–$14,074$1,015
C THAYNE NORDLANDBOARD CHAIR
Trustee or director, Officer
1$0$0
STEVE GUENTHNERVICE CHAIR
Trustee or director, Officer
1$0$0
GRACE STEILSECRETARY
Trustee or director, Officer
1$0$0
LEON HELLICKSONDIRECTOR
Trustee or director
1$0$0
RON TIMMDIRECTOR
Trustee or director
1$0$0
STEVE BOWRONDIRECTOR
Trustee or director
1$0$0
JAY WALTMANDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
MATT MARASPRESIDENT /
Officer
45$137,453$13,221
MARGARET FLATNESSVICE PRESIDE
Officer
42$78,750$5,559
C THAYNE NORDLANDBOARD CHAIR
Trustee or director, Officer
1$0$0
STEVE GUENTHNERVICE CHAIR
Trustee or director, Officer
1$0$0
GRACE STEILSECRETARY
Trustee or director, Officer
1$0$0
LEON HELLICKSONDIRECTOR
Trustee or director
1$0$0
RON TIMMDIRECTOR
Trustee or director
1$0$0
STEVE BOWRONDIRECTOR
Trustee or director
1$0$0
JAY WALTMANDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
430 BRIDGE AVE, ALBERT LEA, MN 56007-2953
In care of
% UNITED EMPLOYEES CREDIT UNION
Principal officer (990 for 2025)
MATT MARAS, 430 BRIDGE AVE, ALBERT LEA, MN 56007
Signed the 990
MATT MARAS, PRESIDENT / CEO
Phone
(507) 377-1616
Return prepared by
BRENT WOOKEY CPA

Mission

TO PROVIDE MEMBER-OWNERS A SOUND FINANCIAL ENVIRONMENT WHILE MAINTAINING A PERSONAL LEVEL OF SERVICE WITH A HIGH LEVEL OF QUALITY AND EFFICIENCY.

990 for the year ended December 31, 2025

Program accomplishments

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 161 NEW DEPOSIT ACCOUNTS IN 2025. AS OF 12/31/25 WE HAD 3,993 MEMBERS.
  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 748 NEW LOANS TO OUR MEMBERS DURING 2025. AS OF 12/31/25 WE HAD 2,168 LOANS TO OUR MEMBERS.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-0615030
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
Assets (IRS master file)
$64,693,688
Income (IRS master file)
$3,107,158

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$3,092,728$2,202,524$64,693,688XML
990December 2024$2,725,951$2,111,993$59,952,132XML
990December 2023$2,077,547$1,596,167$57,604,303XML
990December 2022$1,519,875$1,041,687$54,810,012IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 41-0615030).

Questions about UNITED EMPLOYEES CREDIT UNION

What is the EIN of UNITED EMPLOYEES CREDIT UNION?
The employer identification number (EIN) of UNITED EMPLOYEES CREDIT UNION is 41-0615030.
Is UNITED EMPLOYEES CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
Are donations to UNITED EMPLOYEES CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does UNITED EMPLOYEES 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 UNITED EMPLOYEES 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 UNITED EMPLOYEES 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 UNITED EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2025 names MATT MARAS.
Who are the officers and directors of UNITED EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2025 lists 9 people; 2 received compensation from the organization, the highest $157,786 (MATT MARAS, PRESIDENT /).
How much revenue does UNITED EMPLOYEES CREDIT UNION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $3,092,728, expenses of $2,202,524 and total assets of $64,693,688 at year end.

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