Nonprofit · EIN 41-6036331
DANFOSS EMPLOYEES CREDIT UNION
Tax-exempt · PLYMOUTH, MN 55447
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $178,160 | $185,151 | -$6,991 | $1,993,467 | $1,719,103 | $274,364 |
| December 31, 2024 | 990 | $194,373 | $189,787 | $4,586 | $2,366,162 | $2,084,807 | $281,355 |
| December 31, 2023 | 990 | $197,883 | $192,382 | $5,501 | $2,818,371 | $2,541,602 | $276,769 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $165,879
- Investment income
- $12,281
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $87,190
- Salaries, compensation and benefits (total)
- $93,996
- Professional fundraising fees
- $0
- Accounting fees
- $4,461
- Depreciation
- $836
Balance sheet and other
- Total assets, start of year
- $2,366,162
- Total assets, end of year
- $1,993,467
- Total liabilities, end of year
- $1,719,103
- Net assets, end of year
- $274,364
- Land, buildings and equipment
- $9,714
- Gross unrelated business income
- $164
- Gross receipts
- $178,160
- Employees
- 1
- Volunteers
- 10
- Year formed
- 1949
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN HEALEY-ALLEN | CEO Officer | 40 | $87,190 |
| STEVE ZUMBUSCH | CHAIR Trustee or director, Officer | 2 | $0 |
| BRAD HIMLE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| PETER LAUER | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRAD DEICKMAN | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN SMITH | DIRECTOR Trustee or director | 1 | $0 |
| SHELLEY NATION | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN HEALEY-ALLEN | CEO Officer | 40 | $75,200 |
| STEVE ZUMBUSCH | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| BRAD HIMLE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JENNIFER HUFFMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| PETER LAUER | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRAD DIEKMANN | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN SMITH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN HEALEY-ALLEN | PRESIDENT/CE Officer | 40 | $74,450 |
| STEVE ZUMBUSCH | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| BRAD HIMLE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JENNIFER HUFFMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| PETER LAUER | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRAD DIEKMANN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3550 ANNAPOLIS LANE N, PLYMOUTH, MN 55447-5333
- Principal officer (990 for 2025)
- ANN HEALEY-ALLEN, 3550 ANNAPOLIS LANE N, PLYMOUTH, MN 55447
- Signed the 990
- ANN HEALEY-ALLEN, CEO
- Phone
- (952) 937-7175
- Website
- DANFOSSCU.COM
- Return prepared by
- BRENT WOOKEY CPA
Mission
MEET OUR MEMBERS' NEEDS BY PROVIDING SERVICE WITH A PERSONAL TOUCH, CULTIVATING CLOSE RELATIONSHIPS, OFFERING FINANCIAL GUIDANCE, AND SAFEGUARDING OUR MEMBERS' ASSETS.
Program accomplishments
- THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 7 NEW DEPOSIT ACCOUNTS IN 2025. AS OF 12/31/25 WE HAD 301 MEMBERS.
- THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 15 NEW LOANS TO OUR MEMBERS DURING 2025. AS OF 12/31/25 WE HAD 184 LOANS TO OUR MEMBERS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-6036331
- 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
- Group exemption
- 0708: CREDIT UNIONS IN THE STATE OF MINNESOTA
- Assets (IRS master file)
- $1,993,467
- Income (IRS master file)
- $178,160
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $178,160 | $185,151 | $1,993,467 | XML |
| 990 | December 2024 | $194,373 | $189,787 | $2,366,162 | XML |
| 990 | December 2023 | $197,883 | $192,382 | $2,818,371 | XML |
| 990 | December 2022 | $150,110 | $143,386 | $3,492,218 | IRS |
| 990 | December 2021 | $138,612 | $138,546 | $3,017,621 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 41-6036331).
Questions about DANFOSS EMPLOYEES CREDIT UNION
- What is the EIN of DANFOSS EMPLOYEES CREDIT UNION?
- The employer identification number (EIN) of DANFOSS EMPLOYEES CREDIT UNION is 41-6036331.
- Is DANFOSS EMPLOYEES CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to DANFOSS EMPLOYEES CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DANFOSS 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 DANFOSS 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 DANFOSS 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 DANFOSS EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 names ANN HEALEY-ALLEN.
- Who are the officers and directors of DANFOSS EMPLOYEES CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $87,190 (ANN HEALEY-ALLEN, CEO).
- How much revenue does DANFOSS EMPLOYEES CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $178,160, expenses of $185,151 and total assets of $1,993,467 at year end.
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