2025-09-26T16:12:41-04:00 2024-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2024-01-01 416036331 DANFOSS EMPLOYEES CREDIT UNION DANF 9529377175 14900 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344 ANN HEALEY-ALLEN CEO 9529377175 2025-09-26 true true BRENT WOOKEY CPA P00062439 6087920843 2025-09-26 X 2024 2025-03-06 01:10:19Z ANN HEALEY-ALLEN 14900 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344 194373 false X 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 10 123 752 163031 170795 34852 22826 0 197883 194373 0 0 80267 81079 0 0 112115 108708 192382 189787 5501 4586 2818371 2366162 2541602 2084807 276769 281355 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 10 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 333 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 25 NEW LOANS TO OUR MEMBERS DURING 2024. AS OF 12/31/24 WE HAD 214 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 114 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 CEO 40.00 X 75200 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 STEPHEN SMITH DIRECTOR 1.00 X 0 0 0 75200 false false false 752 752 INTEREST ON LOANS 522130 144825 144825 MEMBER FEE INCOME 522130 16721 16721 OTHER MEMBER RELATED INCOME 522130 9126 9126 FEE & INSURANCE INCOME 520000 123 123 170795 22826 22826 194373 170672 123 22826 75200 5879 6019 3762 5000 28765 6349 1600 464 6689 DEBIT CARD EXPENSE 26516 PROVISION LOAN LOSS 18000 DIVIDENDS EXPENSE 5544 189787 0 0 0 44862 52636 484761 377890 2227496 1825393 -6230 -5011 11491 941 5354 10550 24500 74500 37628 30204 2818371 2366162 37139 38071 2504463 2046736 2541602 2084807 X 276769 281355 276769 281355 2818371 2366162 4586 X false false 11491 941 10550 10550 MEMBER SHARES & DEPOSITS 2046736 2046736 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. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION FOR THE CEO ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST.