CSCharityScored
73

Ely Area Credit Union

Other · Ely, Minnesota

2 E Chapman St, Ely, MN 55731-1228

EIN: 410237440· Founded: Sep 1944· 82 years active· Filing Year: 2023

Annual Revenue

$2.3M

Total Expenses

$1.4M

Total Assets

$65.0M

Program Spending

112%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

Not reported

All officers, directors, and key employees combined

Other Salaries & Wages

Not reported

Total Payroll

$370K

27% of total expenses

Where the Money Goes

100%
Programs: 100%
Payroll: 27%
Other overhead: -12%
Program Revenue$1.5M (66%)
Total Expenses$1.4M (59%)
Payroll$370K (27%)
Overhead (non-program)-12%

Trust Score Breakdown

Program Spending Ratio

112% of expenses go to programs

40%

Revenue & Stability

$2.3M annual revenue

15%

Executive Compensation

Not reported

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$65.0M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.