Union Electric Membership Corp.

Fiscal year ending 2024. Filed on August 29, 2025.

PO Box 5014
Monroe, North Carolina 28111

Union Electric Membership Corp. (EIN: 56-0435549), also known as Union Power Cooperative, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Union Electric Membership Corp., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 143 total employees. Among the employees shown here, the average compensation is $462,006. The highest compensated employee at Union Electric Membership Corp. is Gregory S Andress with fiscal year 2024 compensation of $1,168,963. Union Electric Membership Corp. changed its name from Union Electric Membership Corporation Dba Union Power Cooperative in 2017.

Revenue, expenses, and employee compensation

Revenue

$204,861,227

Expenses

$203,629,298

Employee compensation

$21,257,125
Revenue, expenses, and employee compensation over time

Contractors

Mission Statement

TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND THE COMMUNITIES WE SERVE BY DELIVERING ON OUR PROMISE TO PROVIDE SAFE, RELIABLE ELECTRIC POWER AND ENERGY SERVICES WITH EXCEPTIONAL VALUE.

Revisions to this organization profile

August 29, 2025:
2024 Union Electric Membership Corp. 990 filed
September 17, 2024:
2023 Union Electric Membership Corp. 990 filed
November 9, 2023:
2022 Union Electric Membership Corp. 990 filed

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