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Nonprofit · EIN 41-0327335

FEDERATED EMPLOYEES CREDIT UNION

Tax-exempt · OWATONNA, MN 55060

Financials

$2.3M$2M2023$2.6M$2.4M2024$3.1M$2.7M2025
Revenue Expenses · by fiscal year end
Financials of FEDERATED EMPLOYEES CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$3,132,542$2,667,842$464,700$62,886,793$54,354,373$8,532,420
December 31, 2024990$2,573,072$2,368,220$204,852$59,634,509$51,566,789$8,067,720
December 31, 2023990$2,256,866$2,040,574$216,292$56,183,540$48,320,672$7,862,868
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,296,278
Investment income
$836,264
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$1,407,838
Compensation of officers, directors and key employees
$164,431
Other salaries and wages
$375,879
Salaries, compensation and benefits (total)
$732,275
Professional fundraising fees
$0
Occupancy
$35,400
Travel
$6,998
Depreciation
$9,572

Balance sheet and other

Total assets, start of year
$59,634,509
Total assets, end of year
$62,886,793
Total liabilities, end of year
$54,354,373
Net assets, end of year
$8,532,420
Land, buildings and equipment
$17,422
Gross receipts
$3,132,542
Employees
9
Volunteers
13
Year formed
1934
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ANNETTE ARNDTMANAGER
Officer
40$99,040$53,340
JEREMIAH FLYNNTREASURER
Trustee or director, Officer
5$12,051$0
CHRISTOPHER DITLEVSONCHAIRPERSON
Trustee or director, Officer
2$0$0
TRAVIS SPARKSASST. TREASURER
Trustee or director, Officer
3$0$0
PAMELA DONKERSSECRETARY
Trustee or director, Officer
1$0$0
SHANNON BLATTIDIRECTOR
Trustee or director
1$0$0
BRIAN SCHLAUDERAFFDIRECTOR
Trustee or director
4$0$0
PETER KEHLERVICE CHAIR
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensationOther / benefits
ANNETTE ARNDTMANAGER
Officer
40$98,148$50,340
JEREMIAH FLYNNTREASURER
Trustee or director, Officer
5$11,164$0
CHRISTOPHER DITLEVSONCHAIRPERSON
Trustee or director, Officer
2$0$0
TRAVIS SPARKSASST. TREASURER
Trustee or director, Officer
3$0$0
PAMELA DONKERSSECRETARY
Trustee or director, Officer
1$0$0
SHANNON BLATTIDIRECTOR
Trustee or director
1$0$0
BRIAN SCHLAUDERAFFDIRECTOR
Trustee or director
4$0$0
PETER KEHLERVICE CHAIR
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
ANNETTE ARNDTMANAGER
Officer
40$94,386$42,835
JEREMIAH FLYNNTREASURER
Trustee or director, Officer
5$10,827$0
JOHN HYLLECHAIRPERSON
Trustee or director, Officer
2$0$0
SHAWN KUNKELVICE-CHAIRPERSON
Trustee or director, Officer
1$0$0
DANIEL WAGNERASST. TREASURER
Trustee or director, Officer
3$0$0
TRACY THAMERTSECRETARY
Trustee or director, Officer
1$0$0
SHANNON BLATTIDIRECTOR
Trustee or director
1$0$0
BRIAN SCHLAUDERAFFDIRECTOR
Trustee or director
4$0$0

Address and contacts

Address (IRS master file)
1929 S CEDAR AVE, OWATONNA, MN 55060-4301
Principal officer (990 for 2025)
JEREMIAH FLYNN, 1929 S CEDAR AVE, OWATONNA, MN 55060
Signed the 990
JEREMIAH FLYNN, TREASURER
Phone
(507) 455-5430
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

TO PROVIDE COMPETITIVE, PROGRESSIVE FINANCIAL SERVICES THAT MEET THE NEEDS OF OUR MEMBERS WHILE PROVIDING FINANCIAL EDUCATION AND MAINTAINING FINANCIAL STABILITY.

990 for the year ended December 31, 2025

Program accomplishments

  • FEDERATED EMPLOYEES CREDIT UNION RETURNS FUNDS TO MEMBERS IN THE FORM OF DIVIDENDS AND INTEREST WHICH ARE PAID ON ALL SHARE AND CERTIFICATE ACCOUNTS IN THE AMOUNT OF $1,407,838.
  • FEDERATED EMPLOYEES CREDIT UNION FOCUSES ON PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
  • RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, MOBILE BANKING, ATM NETWORKS AND IN PERSON AT THE CREDIT UNION OFFICE.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-0327335
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1944
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$62,886,793
Income (IRS master file)
$3,132,542

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$3,132,542$2,667,842$62,886,793IRS
990December 2024$2,573,072$2,368,220$59,634,509IRS
990December 2023$2,256,866$2,040,574$56,183,540XML
990December 2022$1,718,744$1,359,808$57,345,907IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0327335).

Questions about FEDERATED EMPLOYEES CREDIT UNION

What is the EIN of FEDERATED EMPLOYEES CREDIT UNION?
The employer identification number (EIN) of FEDERATED EMPLOYEES CREDIT UNION is 41-0327335.
Is FEDERATED EMPLOYEES CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
Are donations to FEDERATED EMPLOYEES CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FEDERATED EMPLOYEES CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FEDERATED EMPLOYEES CREDIT UNION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FEDERATED EMPLOYEES CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of FEDERATED EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2025 names JEREMIAH FLYNN.
Who are the officers and directors of FEDERATED EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $99,040 (ANNETTE ARNDT, MANAGER).
How much revenue does FEDERATED EMPLOYEES CREDIT UNION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $3,132,542, expenses of $2,667,842 and total assets of $62,886,793 at year end.

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