2024-10-24T10:01:28-04:00 2023-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2023-01-01 416036331 DANFOSS EMPLOYEES CREDIT UNION DANF 9529377175 14900 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344 ANN HEALEY-ALLEN PRESIDENT/CEO 9529377175 2024-10-23 true true BRENT WOOKEY CPA P00062439 6087920843 2024-10-24 X 2023 2024-10-15 13:58:12Z ANN HEALEY-ALLEN 14900 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344 197883 false X WWW.DANFOSSCU.COM X 1949 MN MEET OUR MEMBERS' NEEDS BY PROVIDING SERVICE WITH A PERSONAL TOUCH, CULTIVATING CLOSE RELATIONSHIPS, OFFERING FINANCIAL GUIDANCE, AND SAFEGUARDING OUR MEMBERS' ASSETS. 5 5 1 189 0 126257 163031 23853 34852 0 150110 197883 0 0 72720 80267 0 0 70666 112115 143386 192382 6724 5501 3492218 2818371 3220950 2541602 271268 276769 MEET OUR MEMBERS' NEEDS BY PROVIDING SERVICE WITH A PERSONAL TOUCH, CULTIVATING CLOSE RELATIONSHIPS, OFFERING FINANCIAL GUIDANCE, AND SAFEGUARDING OUR MEMBERS' ASSETS. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 16 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 353 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 91 NEW LOANS TO OUR MEMBERS DURING 2023. AS OF 12/31/23 WE HAD 227 LOANS TO OUR MEMBERS. false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 100 0 true 1 true false false false false false false false false X 5 5 false false false false true true true true true false false false false false true true false false X ANN HEALEY-ALLEN 9529377175 14900 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344 ANN HEALEY-ALLEN PRESIDENT/CE 40.00 X 74450 0 0 STEVE ZUMBUSCH CHAIRMAN 2.00 X X 0 0 0 BRAD HIMLE VICE CHAIR 1.00 X X 0 0 0 JENNIFER HUFFMAN TREASURER 1.00 X X 0 0 0 PETER LAUER SECRETARY 1.00 X X 0 0 0 BRAD DIEKMANN DIRECTOR 1.00 X 0 0 0 74450 false false false INTEREST ON LOANS 522130 126985 126985 MEMBER FEE INCOME 522130 24248 24248 OTHER MEMBER RELATED INCOME 522130 11609 11609 FEE & INSURANCE INCOME 520000 189 189 163031 34852 34852 197883 162842 189 34852 74450 5817 8918 5190 31 64970 6211 900 205 6999 PROVISION LOAN LOSS 14740 DIVIDENDS EXPENSE 3951 192382 0 0 0 69614 44862 1659772 484761 1715492 2227496 1895 -6230 5831 477 716 5354 24500 24500 20229 37628 3492218 2818371 23038 37139 3197912 2504463 3220950 2541602 X 271268 276769 271268 276769 3492218 2818371 5501 X false false 5831 477 5354 5354 MEMBER SHARES & DEPOSITS 2504463 2504463 FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. MANAAGEMET REVIEW THE FINAL RETURN WITH THE BOARD AT THEIR NEXT MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT/CEO ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST.