2023-05-03T14:49:55-05:00 2022-12-31 990 2022-01-01 410682083 Electric Machinery Employees Credit Union % Greg D Ericson ELEC 6123788100 800 Central Ave NE Minneapolis MN 55413 GREG D ERICSON President 6123788100 2023-05-03 GREG ERICSON XXX-XX-XXXX false 1 AAL2 IAL1 2022 2023-04-26 12:10:37Z GREGORY D ERICSON 10520 Avocet St NW Minneapolis MN 55433 331496 false X emcu.org X 1947 MN Provide competitive rates on savings accounts and low cost loans to our members 5 5 2 7 0 0 305365 293775 43536 37721 0 348901 331496 0 34791 31158 144705 151831 0 0 134127 133699 313623 316688 35278 14808 8876104 8848914 7155780 7113780 1720324 1735134 To provide financial services and products consistant with our membership. To offer loans and savings accounts at a competitive rate. false false 17734 dividends paid to members 12785 loan servicing 639 annual meeting 31158 false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true 0 0 false 2 true false false false false false false false false false false X 5 5 false false false false true true true true true false false false false false true true true false MN X GREGORY D ERICSON 6123788100 800 Central Ave MINNEAPOLIS MN 55413 GREGORY D ERICSON President 40.00 X 75790 0 0 RICHARD GROSS Chairman of the board 1.000 X 0 0 0 JOE WESTENFIELD Director 1.000 X 0 0 0 ERIC NORMAN Secretary Treasurer 1.000 X 0 0 0 RYAN LAFLAMME Vice Chairman 1.000 X 0 0 0 JOE LOYAS Director 1.000 X 0 0 0 75790 false false false member loan interest 522291 245060 245060 ATM program 900099 1123 1123 NCUA corp resolution 900099 43436 43436 4156 4156 293775 37721 37721 0 331496 331496 31158 75791 48382 4039 14150 9469 233 7285 42845 1729 1199 113 7178 11580 visa card expense 37117 atm card expense 10988 provision for loan loss 5212 federal/state exam 7405 815 316688 0 0 0 228922 118512 4007457 3811678 72975 147654 4543252 4751847 12200 6344 11298 12879 8876104 8848914 13583 15578 7142197 7098202 7155780 7113780 X 1720324 1735134 1720324 1735134 8876104 8848914 14808 X false false false false false false false false false false other assets 12879 12879 shares 6541922 regular reserves 556280 7098202 false false false false false false RICH GROSS DIRECTOR AUTO X 40595 34362 false true true RICH GROSS DIRECTOR AUTO X 17784 6202 false true true RICH GROSS DIRECTOR AUTO X 25844 13050 false true true RYAN LAFLAMME DIRECTOR AUTO X 30000 29358 false true true JOE LOYAS DIRECTOR UNSECURED X 5000 232 false true true JOE LOYAS DIRECTOR RV X 12037 10824 false true true GREG ERICSON PRESIDENT HOME X 55000 53626 false true true false true true false false false false false false 147654 false false false false false false false false false false Part VI Line 1a The board of directors designate two Part VI Line 1a members to run the finance committee. Part VI Line 6 Members Part VI Line 7a The members elect the board of directors Part VI Line 7b The discharge of a member must be approved by the Part VI Line 7b membership. Part VI Line 11b A copy is available in the office and is Part VI Line 11b available to all the directors. Part VI Line 15a or b DIRECTORS REVIEW SALARIES ANNUALLY, REVIEW FINANCIALS, EMPLOYEE Part VI Line 15a or b GOALS, PRODUCTIVITY, AND PAY A COMPETITVE SALARY Part VI Line 19 The documents are available in the office upon request.