2011-08-19T17:55:50-05:00 2010-12-31 990 2010-01-01 416036331 EATON EMPLOYEES CREDIT UNION EATO 9529377175 14900 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344 THERESA BLAGEO 9529377175 2011-08-18 BRENT WOOKEY CPA 2011-08-19 2010 2016-02-24 21:20:13Z THERESA BLAGEO 180877 false X WWW.EATONCU.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 2 2367 -2054 0 174440 177080 -16750 1916 13082 1881 170772 180877 0 19383 0 64621 73242 0 0 120983 131796 204987 205038 -34215 -24161 2283001 2314783 1991275 2047218 291726 267565 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 23 NEW DEPOSIT ACCOUNTS IN 2010. AS OF 12/31/10 WE HAD 610 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 70 NEW LOANS DURING 2010. AS OF 12/31/10 WE HAD 221 LOANS TO 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 false true X 74 0 true 2 true true 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 true false X THERESA BLAGEO 9529377175 14900 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344 DAVID ROHDE 1.00 X 5246 0 0 STEVE ZUMBUSCH 1.00 X 0 0 0 ANN HEALY-ALLEN 1.00 X 0 0 0 LON STUTLEBERG 1.00 X 0 0 0 DAVID LUNDQUIST 1.00 X 0 0 0 THERESA BLAGEO 40.00 X 56653 0 3600 61899 3600 false false false INTEREST ON LOANS 132236 132236 FEE INCOME 30635 30635 OTHER MEMBER REVENUE 11842 11842 NON MEMBER ATM FEES 519100 2367 2367 177080 1916 1916 1881 1881 180877 176594 2367 1916 61899 386 3985 1923 5049 6842 1698 367 59372 106 9123 5244 PROVISION FOR LOAN LOSS 32496 DIVIDENDS PAID TO MEMBERS 11561 NCUSIF STABILIZATION EXP 4987 205038 0 0 0 106257 79785 600890 446114 1515303 1736496 1473 1061 115480 103050 21306 12430 12500 12500 25272 26397 2283001 2314783 12850 8725 1978425 2038493 1991275 2047218 X 291726 267565 291726 267565 2283001 2314783 -24161 X false false false false false false false false false false false false 14519 7662 6857 100961 95388 5573 12430 MEMBERS SHARES AND DEPOSITS 2038493 2038493 EXPLANATION FOR WHY FORM 990-T NOT FILED FORM 990, PAGE 5, PART V, LINE 3B THE CREDIT UNION WILL FILE A 990-T BY ITS EXTENDED DUE DATE OF NOVEMBER 15TH. CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. DECISIONS SUBJECT TO APPROVAL OF MEMBERS 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. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR CORRECTNESS, AND THEN AUTHORIZES CPA TO FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE BOARD AT THE NEXT BOARD MEETING. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE SALARIES EACH YEAR. THIS IS DOCUMENTED IN THE BOARD MINUTES. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE SALARIES EACH YEAR. THIS IS DOCUMENTED IN THE BOARD MINUTES. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN LOBBY. OTHER ITEMS AVAILABLE UPON REQUEST.