2025-10-15T15:08:11-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2024-01-01 410802271 EXPEDITION CREDIT UNION EXPE 6512640669 1270 NORTHLAND DRIVE SUITE 350 MENDOTA HEIGHTS MN 55120 SHAWN LANNIER CEO 6512640669 2025-10-09 1 0 TANYA MEDGAARDEN P01717240 5074347000 2025-10-08 2024 2025-03-06 01:10:19Z SHAWN LANNIER 1270 NORTHLAND DRIVE SUITE 350 MENDOTA HEIGHTS MN 55120 10525995 0 1 X WWW.EXPEDITIONCU.COM X CU 1957 MN EXPEDITION CREDIT UNION IS A NOT FOR PROFIT FINANCIAL COOPERATIVE OPERATING TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBER OWNERS THROUGH REAL FINANCIAL SOLUTIONS. 5 5 40 0 5700 0 0 0 8341291 8337112 1361059 1942720 256705 246163 9959055 10525995 0 0 1642043 3053744 2926506 2834048 0 0 0 4776411 4846989 9344960 10734781 614095 -208786 226908188 227611177 208211874 207607168 18696314 20004009 EXPEDITION CREDIT UNION IS A NOT FOR PROFIT FINANCIAL COOPERATIVE OPERATING TO IMPROVE THE FINANCIAL WELL-BEING OF OUR MEMBER OWNERS THROUGH REAL FINANCIAL SOLUTIONS. 0 0 TO PROVIDE AFFORDABLE CONSUMER LENDING PRODUCTS TO OUR MEMBERS. IN 2024 WE ORIGINATED 1,111 LOANS FOR A TOTAL OF $38,634,613.10 TO PAY FAVORABLE DIVIDENDS ON SAVINGS AND INVESTMENT PRODUCTS TO OUR MEMBERS. IN 2024 WE INCREASED OUR MEMBER CERTIFICATES BY $16,130,766.60 TO OFFER AFFORDABLE AND CONVENIENT ELECTRONIC AND CHECKING PRODUCTS TO OUR MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 3494 0 40 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 MN X SHAWN LANNIER 8002292848 1270 NORTHLAND DR STE 350 MENDOTA HEIGHTS MN 55120 RAMONA SPRINGIS-DOSS CHAIRMAN 1.00 X X 890 0 0 JAMES SMOLA BOARD MEMBER/VICE CHAIR 1.00 X X 890 0 0 KANY SECK BOARD MEMBER 1.00 X 659 0 0 JORDAN FORD BOARD MEMBER/SECRETARY 1.00 X X 778 0 0 DWAYNE JOHNSON BOARD MEMBER 1.00 X 815 0 0 PAUL R DAMMANN PRESIDENT/CEO 38.00 X 260964 0 40208 SHAWN LANNIER COO 38.00 X 166632 0 22418 ANDRE THIBAULT CMO 38.00 X 133697 0 99160 CALEB HENNEK VP FINANCE 38.00 X 135243 0 29496 BRANT PUTTKAMMER VP INFORMATION TECHNOLOGY 38.00 X 121668 0 57581 LONG HUANG DATA ANALYST 38.00 X 108299 0 0 930535 0 248863 6 0 1 0 MSP SLP APARTMENTS PO BOX 86 MINNEAPOLIS MN 55486 HQ RENTAL BUILDING 328163 HEALTHPARTNERS PO BOX 772648 DETROIT MI 48277 HEALTH INSURANCE 270419 PRESIDIO NETWORKED PO BOX 677638 DALLAS TX 75267 MONITOR OPERATING SYSTEMS 201420 GLIA TECHNOLOGIES PO BOX 200885 PITTSBURGH PA 15251 PHONE/INSTANT CHAT PLATFORM 142024 CORRELATION INC 2305 HISTORIC DECATUR ROAD SUITE 35 SAN DIEGO CA 92106 CORE PROVIDER 104885 5 LOAN INTEREST 522100 7243856 7243856 OTHER INCOME 522100 672034 672034 FEE INCOME 522100 421222 415522 5700 8337112 1942720 1942720 OTHER NON-OPERATING INCOME 522100 246163 246163 246163 10525995 8577575 5700 1942720 3053744 1071099 1524083 35165 24824 178877 9370 135092 597794 268279 1701387 517800 37544 192010 295450 9653 PROVISION FOR CREDIT L 532858 LOAN SERVICING EXPENSE 502209 MISCELLANEOUS OPERATING 37143 OPERATING FEES 10400 10734781 173369 292903 499388 10213408 429640 175870 2278772 2337564 136408331 123581016 2874344 2570423 5756150 1952603 4002799 3803547 70717137 73858441 6800000 6828000 2724408 3950005 226908188 227611177 1465359 1984425 12525000 0 194221515 205622743 208211874 207607168 X 0 0 0 0 18696314 20004009 18696314 20004009 226908188 227611177 X -208786 1883772 -367291 X X 0 0 1 0 1465000 1465000 3375283 1378625 1996658 915867 573978 341889 3803547 SECURITIES - HTM 2728000 C SECURITIES - AFS 71130441 F 73858441 MEMBER SAVINGS 205622743 205622743 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE (IRC) 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE CREDIT UNION'S 2021 AND SUBSEQUENT TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 0 0 0 PAUL R DAMMANN PRESIDENT/CEO 246821 0 14143 0 0 0 10439 0 29769 0 301172 0 0 0 ANDRE THIBAULT CMO 133697 0 0 0 0 0 5886 0 93274 0 232857 0 0 0 SHAWN LANNIER COO 160132 0 6500 0 0 0 6405 0 16013 0 189050 0 0 0 BRANT PUTTKAMMER VP INFORMATION TECHNOLOGY 121668 0 0 0 0 0 5105 0 52476 0 179249 0 0 0 CALEB HENNEK VP FINANCE 135243 0 0 0 0 0 5123 0 24373 0 164739 0 0 0 PAUL DAMMANN PRESIDENT/CEO SPLIT DOLLAR PLAN X 1935000 2337564 0 1 1 2337564 FORM 990, PART VI, SECTION A, LINE 6 EACH PERSON WITH AN ACCOUNT AT THE CREDIT UNION IS CONSIDERED A MEMBER. THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY AND ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTING SHARE AT THE ANNUAL MEETING. ALL VOTING MEMBERS HAVE THE SAME VOTING RIGHTS. MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO PERIODICALLY ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. EACH MEMBER HAS ONE VOTING SHARE AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B WE REVIEW THE 990 IN A BOARD MEETING WITH OUR CPA. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS APPROVED BY THE BOARD OF DIRECTORS AFTER REVIEW OF COMPARABLES. COMPENSATION FOR OTHER OFFICERS IS DETERMINED BY THE PRESIDENT AFTER REVIEW OF COMPARABLES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 18 FINANCIAL STATEMENTS POSTED AT EACH BRANCH AND ARE REVIEWED AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9: ROUNDING 1. CECL ADJUSTMENT -367,292. FORM 990, PART XII, LINE 2B: AS ALLOWED BY STATE REGULATORY AUTHORITIES, THE AUDIT IS DONE AS OF SEPTEMBER 30. THE REPORTING PERIOD FOR THE AUDIT, THEREFORE, DOES NOT MATCH THE REPORTING PERIOD FOR THE 990. FORM 990, PART XII, LINE 2C: THE SUPERVISORY COMMITTEE OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT AUDITOR. EXPEDITION FOUNDATION 1270 NORTHLAND DR STE 350 MENDOTA HEIGHTS MN 55120 261915313 FOUNDATION TO AWARD SCHOLARSHIPS AND GRANTS. MN 501(C)(3) PF EXPEDITION CREDIT UNION 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 NO TRANSACTIONS OVER 50000