2023-04-20T13:59:52-04:00 2022-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2022-01-01 410615030 UNITED EMPLOYEES CREDIT UNION UNIT 5073771616 430 BRIDGE AVE ALBERT LEA MN 56007 MATT MARAS PRESIDENT / CEO 5073771616 2023-04-07 true MATT MARAS 999009999 false BRENT WOOKEY CPA P00062439 6087920843 2023-04-20 X 2022 2023-04-26 12:10:37Z MATT MARAS 430 BRIDGE AVE ALBERT LEA MN 56007 1519875 false X WWW.UNITEDECU.COM X CREDIT UNION 1932 MN TO PROVIDE MEMBER-OWNERS A SOUND FINANCIAL ENVIRONMENT WHILE MAINTAINING A PERSONAL LEVEL OF SERVICE WITH A HIGH LEVEL OF QUALITY AND EFFICIENCY. 7 7 8 10 900 0 1117955 1116506 363313 396766 6084 6603 1487352 1519875 500 0 526583 549839 0 0 460049 491348 986632 1041687 500720 478188 50981848 54810012 44554576 47904552 6427272 6905460 TO PROVIDE MEMBER-OWNERS A SOUND FINANCIAL ENVIRONMENT WHILE MAINTAINING A PERSONAL LEVEL OF SERVICE WITH A HIGH LEVEL OF QUALITY AND EFFICIENCY. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 199 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 4,209 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 793 NEW LOANS TO OUR MEMBERS DURING 2022. AS OF 12/31/22 WE HAD 2,065 LOANS TO OUR MEMBERS. false false false false false false false false false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 812 0 true 8 true false false false false false false false false X 7 7 false false false false true true true true true false false false true true true false true true true false X MATT MARAS 5073771616 430 BRIDGE AVE ALBERT LEA MN 56007 MATT MARAS PRESIDENT / 45.00 X 130552 0 12714 MARGARET FLATNESS VICE PRESIDE 42.00 X 73897 0 10825 C THAYNE NORDLAND BOARD CHAIR 1.00 X X 0 0 0 STEVE GUENTHNER VICE CHAIR 1.00 X X 0 0 0 GRACE STEIL SECRETARY 1.00 X X 0 0 0 LEON HELLICKSON DIRECTOR 1.00 X 0 0 0 RON TIMM DIRECTOR 1.00 X 0 0 0 STEVE BOWRON DIRECTOR 1.00 X 0 0 0 JAY WALTMAN DIRECTOR 1.00 X 0 0 0 204449 23539 1 false false false INTEREST ON LOANS 522130 867865 867865 OTHER MEMBER RELATED REVENUE 522130 136483 136483 MEMBER FEE INCOME 522130 111258 111258 MECH REPAIR INSUR INCOME 520000 900 900 1116506 396766 396766 6603 6603 1519875 1115606 900 403369 500 204449 230953 33529 45715 35193 14540 36793 131296 26864 20126 4784 5219 55 18610 15691 DIVIDENDS EXPENSE 148863 LOAN SERVICING 61507 PROVISION FOR LOAN LOSS 7000 1041687 0 0 0 359596 346048 8668220 9856869 23985326 25662925 66093 56395 1036146 889017 149028 147129 17193748 18135714 559837 604932 50981848 54810012 65312 136347 44489264 47768205 44554576 47904552 X 6427272 6905460 6427272 6905460 50981848 54810012 478188 X false false 447566 320238 127328 588580 568779 19801 147129 INVESTMENTS W/ MATURITY > 1 YEAR 11458000 C HTM SECURITIES W/ MATURITY > 1 YR 6602000 C CAPITAL ACCTS CORPORTE CREDIT UNION 42304 C DEFERRED COMP 33410 C 18135714 MEMBER SHARES / DEPOSITS 47768205 47768205 FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES THE CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE DIRECTORS AT THE NEXT BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO LOANS, BUSINESS RELATIONSHIPS, AND FAMILY MEMBERS THAT COULD, OR DO, CREATE A CONFLICT OF INTEREST. THESE ARE SUMMARIZED AND REVIEWED IN A DOCUMENT PRESENT AT EACH BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A PERSONNEL/BUDGET COMMITTEE COMPRISED OF BOARD MEMBERS REVIEWS PERFORMANCE, EXAMINES SALARY RANGES, AND BRINGS RECOMMENDATIONS FOR PRESIDENT/CEO COMPENSATION TO BOARD OF DIRECTORS FOR APPROVAL. THE TOTAL COMPENSATION FOR ALL EMPLOYEES IS APPROVED BY THE BOARD AS PART OF THE BUDGET APPROVAL. BUDGET APPROVAL DOCUMENTED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B KEY EMPLOYEES ARE REVIEWED BY THE MANAGEMENT TEAM WHO DETERMINES THEIR COMPENSATION. THE TOTAL COMPENSATION FOR ALL EMPLOYEES IS APPROVED BY THE BOARD AS PART OF THE BUDGET APPROVAL. BUDGET APPROVAL DOCUMENTED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFILCT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY.