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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 Union Electric Membership Corp.

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

Reported Compensated Employees

Gregory S Andress
Executive Vice President Vice President and GEN
$1,168,963
$785,112 No related comp$383,851
David Gross
Vice President ENG and OPE
$525,912
$371,017 No related comp$154,895
Theresa Blackwell
Vice President FIN and ACC
$515,761
$362,104 No related comp$153,657
Wayne Hathcock
MGR of ENG
$341,331
$222,898 No related comp$118,433
Carrie Stroud
Vice President Comms and M
$338,800
$216,568 No related comp$122,232
Jeremy Black
Vice President INFO SERV
$338,388
$241,203 No related comp$97,185
Lonnie Kirkley
MGR Operatio
$247,861
$215,051 No related comp$32,810
James Murphy
MGR Finance
$219,029
$186,248 No related comp$32,781

Benchmark Employee Compensation

Non-Employee Board Members

Dent H Turner
President
$20,977
$20,977 No related compNo other comp
Winnie Honeycutt
Director
$19,177
$19,177 No related compNo other comp
David G Hyatt
Vice President
$17,077
$17,077 No related compNo other comp
Tom J Caudle
Director
$15,877
$15,877 No related compNo other comp
Gary Bostian
Director
$15,877
$15,877 No related compNo other comp
Sue Threatt
Assistant Secretary and Treasurer
$15,877
$15,877 No related compNo other comp
David E Smith
Director
$15,877
$15,877 No related compNo other comp
Thomas E Porter Jr
Director
$15,277
$15,277 No related compNo other comp
Sherise Jones
Secretary and Treasurer
$15,003
$15,003 No related compNo other comp

Contractors

Xylem Tree Experts
Row Maintenance
$3,360,224
Pike Electric LLC
Construction
$2,559,532
Meridan Cooperative
Software
$1,828,103
Trulls Powerline CO Inc.
Construction
$1,679,001
Davis H Elliot CO Inc.
Construction
$1,404,440

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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