Dupaco Community Credit Union: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
Dupaco Community Credit Union (EIN 42-0674206)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-14
IRS object ID
202533189349301993
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-14T08:39:27-00:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN420674206EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Dupaco Community Credit UnionBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDUPABusinessNameControlTxt
Phone5635577600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 Jackson StAddressLine1Txt
CityDubuqueCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52001ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDanielle GrattonPersonNm
Person TitleCFOPersonTitleTxt
Phone5635577600PhoneNum
Signature2025-11-14SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDUPACO DUPACOPreparerPersonNm
SSNXXX-XX-XXXXSSN
Preparation2025-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDanielle GrattonPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 Jackson StAddressLine1Txt
CityDubuqueCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52001ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$239,079,994GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website Addresswww.dupaco.comWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1948FormationYr
Legal Domicile StateIALegalDomicileStateCd
Activity Or MissionMember owned financial cooperative that offers a complete line of services. Dupacos vision is Brighter community for all, and our mission is Help members build a life worth loving.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee738TotalEmployeeCnt
Total Gross UBI$826,061TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$163,605,809PYProgramServiceRevenueAmt
CY Program Service Revenue$189,332,308CYProgramServiceRevenueAmt
PY Investment Income$22,091,232PYInvestmentIncomeAmt
CY Investment Income$30,966,967CYInvestmentIncomeAmt
PY Other Revenue$838,937PYOtherRevenueAmt
CY Other Revenue$1,022,719CYOtherRevenueAmt
PY Total Revenue$186,535,978PYTotalRevenueAmt
CY Total Revenue$221,321,994CYTotalRevenueAmt
PY Grants And Similar Paid$528,312PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$584,558CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$57,060,666PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$58,762,796CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$118,344,721PYOtherExpensesAmt
CY Other Expenses$134,061,354CYOtherExpensesAmt
PY Total Expenses$175,933,699PYTotalExpensesAmt
CY Total Expenses$193,408,708CYTotalExpensesAmt
PY Revenues Less Expenses$10,602,279PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$27,913,286CYRevenuesLessExpensesAmt
Total Assets BOY$3,266,174,995TotalAssetsBOYAmt
Total Assets EOY$3,437,611,452TotalAssetsEOYAmt
Total Liabilities BOY$2,950,729,039TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,100,574,625TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$315,445,956NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$337,036,827NetAssetsOrFundBalancesEOYAmt
MissionHelp members build a life worth lovingMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescTo promote thrift and financial literacy in the communities which we serve. Collaborate with our members to helping build lives worth loving while providing no/low cost financial services and competitive loan and deposit rates.Desc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingYes (true)LoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document129373IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee738EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VentureYes (true)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (true)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDanielle D Gratton CFOPersonNm
Phone5635577600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 Jackson StAddressLine1Txt
CityDubuqueCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52001ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
Joseph Hearn
President/CEO050.00Yes (X)$1,011,513$0$77,761
Danielle Gratton
Chief Financial Officer050.00Yes (X)$695,059$0$95,650
Matt Dodds
Chief Operating Officer050.00$599,676$0$77,143Yes (X)
Steve Ervolino
Chief Information Officer050.00$542,230$0$72,269Yes (X)
David Klavitter
Chief Marketing Officer050.00$499,009$0$53,143Yes (X)
Suzan Martin-Hallahn
Financial Advisor050.00$331,480$0$33,396Yes (X)
Mark Hoaglin
SVP, Wealth Management Insurance050.00$319,199$0$31,531Yes (X)
David Andrew
Financial Advisor050.00$284,308$0$29,527Yes (X)
Bob Wethal
Director001.00$3,263$0$0Yes (X)
Ron Meyers
Director001.00$2,418$0$0Yes (X)
Ellen Goodmann Miller
Director, Chair001.00Yes (X)$2,231$0$0Yes (X)
Andy Schroeder
Director, Treasurer001.00Yes (X)$1,891$0$0Yes (X)
Jeff Gonner
Director001.00$1,750$0$0Yes (X)
Denise Dolan
Director001.00$1,333$0$0Yes (X)
Randy Skemp
Director, Secretary001.00Yes (X)$1,333$0$0Yes (X)
Renee Poppe
Director001.00$1,333$0$0Yes (X)
J Stephan Chapman
Director, Vice Chair001.00Yes (X)$1,333$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,299,359TotalReportableCompFromOrgAmt
Total Other Compensation$470,420TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K57IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CU Cooperative Systems LLC
PO Box 8388Des MoinesIA50301Card Processing$3,335,415
Mastercard
2200 Mastercard BlvdO FallonMO63368Card Processing$2,597,139
Data Business Equipment
10435 New York AveUrbandaleIA50322Branch Technology$1,709,642
Union Hoermann Press
2175 Kerper BlvdDubuqueIA52004Printing$1,022,316
National Credit Union Administration
1775 Duke StAlexandriaVA22314Insurance$950,626
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K98CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Loan Interest Income - Loans to Members522100$140,764,291$140,764,291
Member Service Income522100$48,568,017$47,741,956$826,061
FieldValueIRS element (for citing)
Total Program Service Revenue$189,332,308TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$29,053,943TotalRevenueColumnAmt
Exclusion$29,053,943ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,022,719RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$1,022,719RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,022,719TotalRevenueColumnAmt
Exclusion$1,022,719ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$18,192,066SecuritiesAmt
Other$1,478,958OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$16,261,755SecuritiesAmt
Other$1,496,245OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,930,311SecuritiesAmt
Other-$17,287OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,913,024TotalRevenueColumnAmt
Exclusion$1,913,624ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$221,321,994TotalRevenueColumnAmt
Related Or Exempt Func Income$188,506,247RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$826,061UnrelatedBusinessRevenueAmt
Exclusion$31,990,286ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$584,558TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,323,135TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$311,604TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$43,785,655TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$3,936,191TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$5,137,819TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,268,392TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$350,332TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$288,930TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Fees For Services Prof FundraisingFeesForServicesProfFundraising

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,971,526TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,761,188TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$9,139,309TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$6,844,179TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$998,647TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$78,343,106TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$8,879,748TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$232,195TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
Draft Charges$2,975,617
Indirect Lending Expense$2,711,645
Operating Expense$4,936,004
Provision for Loan Loss$7,954,421

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,674,507TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$193,408,708TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$25,563,779BOYAmt
EOY$25,361,288EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$159,311,105BOYAmt
EOY$378,658,598EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,089,146BOYAmt
EOY$8,869,564EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$13,334,184BOYAmt
EOY$13,735,322EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$2,338,037,524BOYAmt
EOY$2,317,293,587EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,057,794BOYAmt
EOY$4,020,615EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$182,910,939LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$56,727,647LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$126,817,017BOYAmt
EOY$126,183,292EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$362,553,405BOYAmt
EOY$318,987,957EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$137,956,066BOYAmt
EOY$146,804,204EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$97,454,975BOYAmt
EOY$97,697,025EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,266,174,995BOYAmt
EOY$3,437,611,452EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$18,567,915BOYAmt
EOY$31,795,809EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$2,798,451BOYAmt
EOY$2,856,260EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$355,357,041BOYAmt
EOY$365,105,970EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,574,005,632BOYAmt
EOY$2,700,816,586EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,950,729,039BOYAmt
EOY$3,100,574,625EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$315,445,956BOYAmt
EOY$337,036,827EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$315,445,956BOYAmt
EOY$337,036,827EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,266,174,995BOYAmt
EOY$3,437,611,452EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$27,913,286ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$6,322,415NetUnrlzdGainsLossesInvstAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd
Federal Grant Audit PerformedfalseFederalGrantAuditPerformedInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (true)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,221,145OtherCostOrOtherBasisAmt
Book Value$14,221,145BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$121,797,675OtherCostOrOtherBasisAmt
Depreciation$23,399,106DepreciationAmt
Book Value$98,398,569BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$46,892,119OtherCostOrOtherBasisAmt
Depreciation$33,328,541DepreciationAmt
Book Value$13,563,578BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$126,183,292TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc
Financial derivatives and other financial products
Closely-held equity interests

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
Federal income taxes
Regular Shares$493,139,835
Member Shares$981,663,932
Certificates$1,226,012,819
FieldValueIRS element (for citing)
Total Liability$2,700,816,586TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
IV 2bDupaco collects amounts from members with real estate loans each month via their contractual payment schedule. These funds are held in escrow until they need to be disbursed in accordance with the escrow instructions for each member. Amounts held in escrow are for property taxes and homeowners insurance.
X 2Dupaco Community Credit Union The Credit Union is exempt from income tax under Section 501c14 of the Internal Revenue Code and Section 122 of the Credit Union Act. The Credit Union accounts for uncertainty in income taxes in accordance with Accounting Standards Codification ASC 740, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, the Credit Union may recognize the tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. This standard did not have an impact on the consolidated financial statements and the Credit Union does not have any uncertain tax positions. The Credit Union recognizes interest and penalties on income taxes as a component of income tax expense.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (12 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
Creative Adventure Lab
210 Jones St No 100DubuqueIA52001263523626501c3$124,500General Support
Holy Family Catholic Schools
2005 Kane StDubuqueIA52001420792429501c3$45,540General Support
Greater Dubuque Development Corporation
900 Jackson St Suite 109DubuqueIA52001421263173501c3$25,000General Support
Dyersville Industries Inc
1110 16th Ave Ct SEDyervilleIA52040421248938501c3$12,500General Support
National Mississippi River Museum and Aquarium
350 East 3rd StDubuqueIA52001426072050501c3$10,000General Support
Multicultural Family Center
1157 Central AveDubuqueIA52001270751743501c3$10,000General Support
Mississippi Driftless Regional Foundation
898 Mt Carmel RdDubuqueIA52003882107952501c3$10,000General Support
Four Mounds Foundation HEART Program
4900 Peru RdDubuqueIA52001421265303501c3$10,000General Support
Iowa Credit Union League
PO Box 8467Des MoinesIA50301830494970501c6$8,470General Support
Key City Creative Center
1781 White StDubuqueIA52001320538342501c3$6,560General Support
The Fountain of Youth Program
220 W 7th StDubuqueIA52001813722764501c3$10,000General Support
Dupaco RW Hoefer Foundation
1000 Jackson StDubuqueIA52001454145438501c3$133,000General Support
FieldValueIRS element (for citing)
Total501c3 Org11Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I Line 2FormAndLineReferenceDesc
ExplanationDupaco Community Credit Union issues all grant funds directly to the recipient organization for use at their discretion.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtBonus Filing OrganizationBonusFilingOrganizationAmountOther Compensation Filing OrgOtherCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt
Joseph Hearn
President/CEO$443,070$125,861$442,582$77,761$2,216$1,091,490$416,242
Danielle Gratton
Chief Financial Officer$303,487$84,974$306,598$95,650$2,166$792,875$299,812
Matt Dodds
Chief Operating Officer$274,150$77,170$248,356$77,143$2,153$678,972$240,865
Steve Ervolino
Chief Information Officer$247,144$74,472$220,615$72,269$2,122$616,622$217,453
David Klavitter
Chief Marketing Officer$211,605$61,803$225,601$53,143$2,089$554,241$217,303
Suzan Martin-Hallahn
Financial Advisor$329,072$2,408$33,396$1,814$366,690
David Andrew
Financial Advisor$283,836$472$29,527$1,759$315,594
Mark Hoaglin
SVP, Wealth Management Insurance$234,251$81,060$3,888$31,351$1,768$352,318

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I Line 1aHealth or social club dues are paid for officers or members of the senior leadership team of Dupaco Community Credit Union as part of their compensation package. Any dues that are paid to these members are added to their W-2s at the end of the year as reportable compensation and are reported in Part VII and Schedule J. In tax year 2024, Dupaco Community Credit Union reimbursed travel expenses to industry conferences for companions to Board Members as reflective on form 990, Part VII, Section A.
Part I Line 4bThe following individuals participated in a non qualified retirement plan in 2024. Joe Hearn 35,059, Danielle Gratton 39,164, Matt Dodds 28,191, Steve Ervolino 25,980, and Dave Klavitter 17,899. The dollar amount represents the contribution made by Dupaco Community Credit Union on behalf of the individuals to the plan in 2024 based on achievement of growth and member service initiatives full vesting at retirement age as an additional retention incentive for designated executives. This information is included in deferred compensation on the Form 990, Part VII and Schedule J, Part II.
Part II Line CThe Dupaco Board of Directors has designed the credit unions management compensation program to be competitive in the marketplace and ensure alignment of the long term interests of both manager and members. Dupaco management compensation is based on national compensation surveys and independent consultant analyses of similar sized financial institutions around the United States. The Dupaco Board Personnel Committee regularly reviews the data to ensure Dupaco is paying a fair market wage to attract and retain the best employee talent to manage a strong, stable and successful financial institution. The Personnel Committee provides annual recommendations of salary adjustments to the Board of Directors, who then votes on the recommendations. Components of management compensation packages include a large percentage of variable at risk pay, which is based on the credit unions member and employee engagement, satisfaction, and financial performance during specified time periods, as well as the credit unions business strategy as determined by the Board of Directors. Dupaco must be competitive in the financial services industry to retain long term talent. Because it cannot provide stock options offered by for profit financial institutions as a retention and performance incentive, Dupaco as a member owned cooperative provides designated executives a non qualified long term executive incentive plan. Designed to be self funding in nature through the achievement of growth and member service initiatives, the credit union will recoup the funding cost of supplemental retirement plan benefits through life insurance policy proceeds on plan participants. The retention incentive requires the participating executive to remain at the credit union until retirement age to be fully vested in the deferred compensation benefit. As an interim retention incentive leading up to a participants retirement, the plan does pay out once every five years a percentage of the vested long term executive incentive plan, which the credit union accrues annually based on goal achievement. In 2024, several executives received this 5-year retention incentive.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan From OrganizationLoanFromOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
Joe Hearn
President/CEOFUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIESYes (X)$7,650,000$9,423,786falseYes (true)Yes (true)
Danielle Gratton
CFOFUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIESYes (X)$1,500,000$1,847,801falseYes (true)Yes (true)
Matt Dodds
COOFUND PURCHASE OF CASH VALUE OF LIFE INSURANCE POLICIESYes (X)$2,000,000$2,463,735falseYes (true)Yes (true)
FieldValueIRS element (for citing)
Total Balance Due$13,735,322TotalBalanceDueAmt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
Leslie Biver
Family member of Director$93,275Employmentfalse
Christy Decker
Family member of Director$63,706Employmentfalse
Jason Skemp
Family member of Director$154,623Employmentfalse

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart II Line CFormAndLineReferenceDesc
ExplanationThe amounts reported here are included because they are split dollar life insurance policies.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, Line 6Dupaco Community Credit Union has members as specified by their bylaws.
Form 990, Part VI, Section A, Line 7aThe members of Dupaco Community Credit Union elect the Board of Directors on an annual basis.
Form 990, Part VI, Section A, Line 7bThe members of Dupaco Community Credit Union have the right to elect the Board of Directors. The decision to merge or acquire another financial institution is also subject to approval by the membership.
Form 990, Part XI, Line 5Securities available for sale are accounted for at fair value and the unrealized holding gains and losses are presented as a separate component of accumulated other comprehensive income. The change in unrealized gain and loss on securities available for sale was a decrease of 7,898,000.
Form 990, Part VI, Section B, Line 11bEvery voting member of the board of directors received a full copy of the final 2024 990 tax return for Dupaco Community Credit Union to review prior to the submission of the return to the IRS. Any questions that the board members had in regards to the return were discussed.
Form 990, Part VI, Section B, Line 12cDupaco annually requires all directors to complete a conflict of interest form where any member accounts or organizations that would potentially impair their independence with Dupaco Community Credit Union are listed and conflicts would be reviewed by the Board. Dupaco Community Credit Unions Employee Handbook, which is approved by the Board of directors annually, discusses the Conflict of Interest policy in which employees sign an acknowledgement stating they have read and understood the Handbook. Employees are directed to discuss potential conflicts with the Human Resources department. Upon completion of each, the various forms are kept in the administration office under a locked file cabinet.
Form 990, Part VI, Section B, Line 15The Dupaco Board of Directors has designated the Dupaco management compensation program to be competitive in the marketplace and ensure alignment of the long term interests of both managers and members. Dupaco top management officials as well as other officers and key employees compensation is based on national compensation surveys and independent consultant analyses of similar sized financial institutions around the United States. The Dupaco Board of Directors Personnel Committee regularly reviews this data to ensure Dupaco is paying a fair market wage to attract and retain employee talent for these positions to manage a strong, stable and successful financial institution. The personnel committee provides annual recommendations of salary adjustments to the Board of Directors, who then votes on the recommendations. These approvals are documented in the personnel committee and board minutes. Components of management compensation packages include a large percentage of variable at risk pay, which is based on the credit unions annual member staff engagement, satisfaction, and financial performance, as well as the credit unions business strategy as determined by the Board of Directors on an annual basis.
Form 990, Part VI, Section C, Line 19Dupacos governing documents, conflict of interest policy, and financial statements are posted at each branch location and are also available upon request.
Form 990, Part XII, Line 2cThe oversight and selection process has not changed from the prior tax year.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
Dupaco Holding LLC
1000 Jackson StDubuqueIA52001391873865Holding CompanyIA$117,440$35,188,305Dupaco Community Credit Union
Dupaco Insurance Services LLC
1000 Jackson StDubuqueIA52001421024767Insurance ServicesIA$4,284,201$1,136,731Dupaco Holding LLC
Dupaco Initiatives LLC
1000 Jackson StDubuqueIA52001843308356Leverage LenderIA$55,350$5,545,030Dupaco Holding LLC
Dupaco Real Estate Holding LLC
1000 Jackson StDubuqueIA52001871784708Real EstateIA$464,039$8,296,775Dupaco Holding LLC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Dupaco RW Hoefer FoundationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 Jackson StAddressLine1Txt
CityDubuqueCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52001ZIPCd
FieldValueIRS element (for citing)
EIN454145438EIN
Primary ActivitiesSee supplemental informatoinPrimaryActivitiesTxt
Legal Domicile StateIALegalDomicileStateCd
Exempt Code Section501c3ExemptCodeSectionTxt
Public Charity StatusPFPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1Dupaco Community Credit UnionBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Dupaco Voices LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 Jackson StAddressLine1Txt
CityDubuqueCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52001ZIPCd
FieldValueIRS element (for citing)
EIN833182855EIN
Primary ActivitiesReal EstatePrimaryActivitiesTxt
Legal Domicile StateIALegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd
Disproportionate AllocationsfalseDisproportionateAllocationsInd
General Or Managing PartnerfalseGeneralOrManagingPartnerInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Dupaco Real Estate Management LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 Jackson StAddressLine1Txt
CityDubuqueCityNm
State AbbreviationIAStateAbbreviationCd
ZIP52001ZIPCd
FieldValueIRS element (for citing)
EIN833176346EIN
Primary ActivitiesReal EstatePrimaryActivitiesTxt
Legal Domicile StateIALegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd
Entity TypeC CorpEntityTypeTxt
Ownership1.00000OwnershipPct
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (true)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
Dupaco RW Hoefer Foundation
b$133,000Fair market value
Dupaco Real Estate Management LLC
o$116,900Fair market value

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart II Line 1bFormAndLineReferenceDesc
ExplanationThe encouragement of education, promotion of charity, and to contribute to organizations or causes which enhance the quality of life.ExplanationTxt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.