Minnesota Power Employees Credit Union

Fiscal year ending 2024. Filed on November 4, 2025.

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 2024 IRS Form 990 filing, Minnesota Power Employees Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 4 out of 24 total employees. Among the employees shown here, the average compensation is $171,987. The highest compensated employee at Minnesota Power Employees Credit Union is Jason Olsen with fiscal year 2024 compensation of $195,122.

Revenue, expenses, and employee compensation

Revenue

$8,527,985

Expenses

$7,299,133

Employee compensation

$1,816,611

Reported Compensated Employees

Jason Olsen

Senior Vice President Business Lending

$195,122

$146,608 No related comp$48,514

Debora Almirall

President and Chief Executive Officer

$180,387

$150,862 No related comp$29,525

Dave Kauma

Vice President, Finance

$168,399

$117,301 No related comp$51,098

Annie Lepper

Vice President Lending and Marketing

$144,039

$111,397 No related comp$32,642

Non-Employee Board Members

Contractors

Jack Henry & Associates

Core Processor and Credit Card Provider

Minnesota Credit Union Employee Benefits

Medical Insurance Provider for Mpecu Employee

Technical Support/IT Vendor

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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