Ae Goetze Employees Credit Union

Organization Overview

Ae Goetze Employees Credit Union is located in Lake City, MN. The organization was established in 1944. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 07/2021, Ae Goetze Employees Credit Union employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ae Goetze Employees Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 07/2021, Ae Goetze Employees Credit Union generated $93.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $148.7k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AE GOETZE EMPLOYEES CREDIT UNION IN LAKE CITY, MINNESOTA PROVIDES LOANS TO ITS MEMBERS AT AFFORDABLE RATES. WE OFFER INVESTMENTS TO OUR MEMBERS IN THE FORM OF SAVINGS ACCOUNTS, CERTIFICATES OF DEPOSIT AND SIMPLE IRA ACCOUNTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOAN INTEREST


INVESTMENT INCOME


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Board, Officers & Key Employees

Name (title)Compensation
John Rutz
Ceo/manager
$43,239
Monte Hurlburt
Director
$0
Frank Schneider
Director
$0
John Fuchs
Director
$0
Troy Adams
Director
$0
Rebecca Klees
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$86,377
Investment income $6,894
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $93,271

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