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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Minnesota Power Employees Credit Union

Minnesota Power Employees Credit Union

Fiscal year ending 2022. Filed on November 14, 2023.

30 W Superior Street Suite 126
Duluth, Minnesota 55802

Minnesota Power Employees Credit Union (EIN: 41-0418235) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Minnesota Power Employees Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 3 out of 28 total employees. Among the employees shown here, the average compensation is $146,193. The highest compensated employee at Minnesota Power Employees Credit Union is Debora Almirall with fiscal year 2022 compensation of $211,918.

Revenue, expenses, and employee compensation

Revenue

$5,060,015

Expenses

$4,086,098

Employee compensation

$1,650,194
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Debora Almirall
President and Chief Executive Officer
$211,918
$178,976 No related comp$32,942
Terese Thorstad
Vice President, Finance
$118,257
$107,291 No related comp$10,966
Jason Olsen
Senior Vice President Business Lending
$108,405
$101,843 No related comp$6,562

Benchmark Employee Compensation

Non-Employee Board Members

Beth Fredrickson
Director
Jeremy Caine
Secretary
Marcia Podratz
Vice Chair
Marie Bayiha
Director
Mike French
Chair
Robert Bastianelli
Director
Wing Chan
Director

Contractors

Jack Henry & Associates
Core Processor and Credit Card Provider
$259,561
Shazam
Debit Card Processing
$154,165
VC3 Inc.
Technical Support (I/T Vendor)
$126,958

Mission Statement

YOUR SUCCESSFUL FINANCIAL JOURNEY IS OUR PASSION.

Revisions to this organization profile

November 4, 2025:
2024 Minnesota Power Employees Credit Union 990 filed
July 3, 2024:
2023 Minnesota Power Employees Credit Union 990 filed
November 14, 2023:
2022 Minnesota Power Employees Credit Union 990 filed

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