Civic Intelligence

Northwoods Credit Union

990 • Fiscal year 2016 • EIN 41-0653148

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 19, 2017

Organization ProfileWWW.NORTHWOODSCU.ORG

View Organization Page

1702 Ave BCloquet, MN 55720

(218) 879-4181

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.90x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

21st percentile

14.43x

Higher debt load relative to revenue than 21% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

21st percentile

1.9%

Higher net margin than 21% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

87th percentile

$202,427

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

95th percentile

13%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

74th percentile

7.9%

Faster revenue growth than 74% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$90,093,562

Up $10,198,975 (+13%) from 2015

Net Assets

Up

$9,370,310

Up $103,736 (+1.1%) from 2015

Liabilities

Up

$80,723,252

Up $10,095,239 (+14%) from 2015

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin21st percentile

Revenue

Up

$5,592,333

Up $411,504 (+7.9%) from 2015

Expenses

Up

$5,488,597

Up $678,445 (+14%) from 2015

Net Income

Down

$103,736

Down $266,941 (-72%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $53,709,244Liabilities 2010: $46,746,031Net Assets 2010: $6,963,2132010Assets 2011: $56,458,809Liabilities 2011: $48,927,930Net Assets 2011: $7,530,8792011Assets 2012: $66,635,990Liabilities 2012: $59,005,919Net Assets 2012: $7,630,0712012Assets 2013: $70,906,206Liabilities 2013: $62,691,666Net Assets 2013: $8,214,5402013Assets 2014: $74,061,755Liabilities 2014: $65,165,858Net Assets 2014: $8,895,8972014Assets 2015: $79,894,587Liabilities 2015: $70,628,013Net Assets 2015: $9,266,5742015Assets 2016: $90,093,562Liabilities 2016: $80,723,252Net Assets 2016: $9,370,3102016Assets 2017: $91,515,954Liabilities 2017: $82,228,442Net Assets 2017: $9,287,5122017Assets 2018: $112,878,884Liabilities 2018: $101,014,540Net Assets 2018: $11,864,3442018Assets 2019: $120,165,800Liabilities 2019: $107,626,794Net Assets 2019: $12,539,0062019Assets 2020: $139,988,463Liabilities 2020: $129,178,239Net Assets 2020: $10,810,2242020Assets 2021: $158,800,321Liabilities 2021: $146,714,716Net Assets 2021: $12,085,6052021Assets 2022: $162,399,307Liabilities 2022: $149,068,094Net Assets 2022: $13,331,2132022Assets 2023: $172,709,574Liabilities 2023: $159,345,986Net Assets 2023: $13,363,5882023Assets 2024: $175,915,538Liabilities 2024: $161,331,925Net Assets 2024: $14,583,6132024

Highlighted filing

2016

Assets$90,093,562
Liabilities$80,723,252
Net Assets$9,370,310
Open 2016 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,949,9732010Expenses 2011: $3,281,5292011Expenses 2012: $3,795,9562012Revenue 2013: $4,463,521Expenses 2013: $3,879,052Net Income 2013: $584,4692013Revenue 2014: $4,986,803Expenses 2014: $4,292,878Net Income 2014: $693,9252014Revenue 2015: $5,180,829Expenses 2015: $4,810,152Net Income 2015: $370,6772015Revenue 2016: $5,592,333Expenses 2016: $5,488,597Net Income 2016: $103,7362016Revenue 2017: $6,078,302Expenses 2017: $6,161,100Net Income 2017: -$82,7982017Revenue 2018: $7,268,555Expenses 2018: $7,022,691Net Income 2018: $245,8642018Revenue 2019: $8,371,524Expenses 2019: $7,696,862Net Income 2019: $674,6622019Revenue 2020: $6,129,710Expenses 2020: $7,858,493Net Income 2020: -$1,728,7832020Revenue 2021: $10,013,963Expenses 2021: $8,738,581Net Income 2021: $1,275,3822021Revenue 2022: $11,374,020Expenses 2022: $9,715,764Net Income 2022: $1,658,2562022Revenue 2023: $11,960,002Expenses 2023: $11,930,660Net Income 2023: $29,3422023Revenue 2024: $13,484,630Expenses 2024: $12,264,605Net Income 2024: $1,220,0252024

Highlighted filing

2016

Revenue$5,592,333
Expenses$5,488,597
Net Income$103,736
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 19, 2017
Return Version
2016v3.0
Gross Receipts
$5,814,533
Mission and Program Overview

Mission

To be the trusted financial partner for our members.

Provide credit union services to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$61,944,549$66,025,348▲ $4,080,799
Investments Other Securities$9,975,000$9,961,506▼ $13,494
Rtn Earn Endowment Incm Other Fnds$9,266,574$9,370,310▲ $103,736
Savings and Temporary Cash Investments$3,794,201$7,109,345▲ $3,315,144
Land, Buildings, and Equipment, Net$2,354,017$2,244,828▼ $109,189
Cash and Non-Interest-Bearing Accounts$834,634$1,175,283▲ $340,649
Prepaid Expenses and Deferred Charges$128,000$287,752▲ $159,752
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$79,894,587$90,093,562▲ $10,198,975
Other Assets Total$864,186$3,289,500▲ $2,425,314
Liabilities
Other Liabilities$70,478,868$79,920,797▲ $9,441,929
Accounts Payable and Accrued Expenses$149,145$802,455▲ $653,310
Total Liabilities$70,628,013$80,723,252▲ $10,095,239
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,266,574$9,370,310▲ $103,736
Total Liabilities and Net Assets / Fund Balance$79,894,587$90,093,562▲ $10,198,975

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,863,476$1,069,928$2,933,404
Equipment$194,552$919,618$1,114,170
Land$186,800-$186,800
Other Securities$9,961,506--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara BrownPresident/CEOFT$153,342$49,085$202,427
Debra J LarsonBoard Chairperson-$1,471-$1,471
Thomas HillBoard Vice Chair-$1,240-$1,240
Lisa Follett-pollakBoard Secretary-$1,182-$1,182
Christine Nielson-ringatDirector-$1,166-$1,166
Colleen BassettSupervisory Committee Memb-$1,150-$1,150
Ann DunaiskiDirector-$1,140-$1,140
Dean ForsytheBoard Treasurer-$1,129-$1,129
NICholas SILTANENSUPERVISORY COMMITTEE chai-$830-$830
Dakota KoskiDirector-$799-$799
mary ann johnsonSupervisory Committee-$573-$573
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,459,362
Investment Income
$131,939
Other Revenue
$1,032
Change in Net Assets
$103,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,347,166
Other Expenses$2,137,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,626,669
Benefits to Members---$1,003,804
Fees for Services Other---$819,524
Other Employee Benefits---$280,426
Depreciation Depletion---$226,773
Current Officers, Directors, Trustees, and Key Employees---$213,105
Occupancy---$209,077
Office Expenses---$192,531
Advertising---$146,839
Information Technology---$146,813
Payroll Taxes---$134,510
Pension Plan Contributions---$92,456
Insurance---$41,105
Conferences and Meetings---$22,872
Other Expenses---$20,492
All Other Expenses---$15,620
Travel---$15,475
Fees for Services Legal---$2,113
Interest---$95
Total Functional Expenses$0$0$0$5,488,597
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Money Market Accounts$23,981,432
Share Accounts$21,407,621
Certificates of Deposit$15,469,432
Share Draft Accounts$13,498,103
Ira Accounts$5,002,277
Health Savings Accounts$339,409
Other Liabilities$190,549
Interest on Certificates Payable$31,974
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The credit union is made up of members.”

Form 990, Part VI, Section A, line 7A

“The governing body is elected by the members of the credit union.”

Form 990, Part VI, Section A, line 7B

“Decisions of the board of directors that require approval by members include policy changes, change in term limits, and by-law changes.”

Form 990, Part VI, Section B, line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section B, line 15

“The process for determining compensation for the president included review and approval of the members of the board of directors based on review of salaries of comparable positions.”

Form 990, Part VI, Section C, line 19

“The organization makes form 990 available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Northwoods Credit Union
EIN
41-0653148
Phone
2188794181
Address
1702 AVE B, CLOQUET, MN 55720

Signing Officer

Name
Paula Olsen
Title
Accounting Manager
Phone
2188794181
Signed
2017-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Brown
Formed
1936
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
39
Volunteers
0

Preparer

Firm
Wipfli LLP
Address
1502 London Road Suite 200, Duluth, MN 55812
Preparer
Thomas J Eling
Phone
2187224705
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Professional and outside services 819,524.”

Raw XML AppendixShowing 400 of 480 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0149145
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0802455
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE CREDIT UNION SERVICES TO MEMBERS
IRS990/AdvertisingGrp/TotalAmt0146839
IRS990/AllOtherExpensesGrp/TotalAmt015620
IRS990/BenefitsToMembersGrp/TotalAmt01003804
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NORTHWOODS CREDIT UNION
IRS990/BooksInCareOfDetail/PhoneNum08884580975
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01702 AVE B
IRS990/BooksInCareOfDetail/USAddress/CityNm0CLOQUET
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055720
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0834634
IRS990/CashNonInterestBearingGrp/EOYAmt01175283
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0213105
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt022872
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt01003804
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0131939
IRS990/CYOtherExpensesAmt02137627
IRS990/CYOtherRevenueAmt01032
IRS990/CYProgramServiceRevenueAmt05459362
IRS990/CYRevenuesLessExpensesAmt0103736
IRS990/CYSalariesCompEmpBnftPaidAmt02347166
IRS990/CYTotalExpensesAmt05488597
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05592333
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0226773
IRS990/Desc0DIVIDENDS AND INTEREST ON MEMBER SAVINGS ACCOUNTS AND LOANS TO MEMBERS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt039
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/TotalAmt02113
IRS990/FeesForServicesOtherGrp/TotalAmt0819524
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.77
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.11
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.55
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.41
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.19
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.09
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.14
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1049085
IRS990/Form990PartVIISectionAGrp/PersonNm0ANN DUNAISKI
IRS990/Form990PartVIISectionAGrp/PersonNm1DAKOTA KOSKI
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTINE NIELSON-RINGAT
IRS990/Form990PartVIISectionAGrp/PersonNm3COLLEEN BASSETT
IRS990/Form990PartVIISectionAGrp/PersonNm4mary ann johnson
IRS990/Form990PartVIISectionAGrp/PersonNm5NICholas SILTANEN
IRS990/Form990PartVIISectionAGrp/PersonNm6DEBRA J LARSON
IRS990/Form990PartVIISectionAGrp/PersonNm7THOMAS HILL
IRS990/Form990PartVIISectionAGrp/PersonNm8DEAN FORSYTHE
IRS990/Form990PartVIISectionAGrp/PersonNm9LISA FOLLETT-POLLAK
IRS990/Form990PartVIISectionAGrp/PersonNm10BARBARA BROWN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt01140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1799
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21166
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4573
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5830
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt61471
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt71240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt81129
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt91182
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10153342
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SUPERVISORY COMMITTEE MEMB
IRS990/Form990PartVIISectionAGrp/TitleTxt4SUPERVISORY COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5SUPERVISORY COMMITTEE chai
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-1177
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0221023
IRS990/GrossReceiptsAmt05814533
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0146813
IRS990/InsuranceGrp/TotalAmt041105
IRS990/InterestGrp/TotalAmt095
IRS990/InvestmentIncomeGrp/ExclusionAmt0133116
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0133116
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt09975000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt09961506
IRS990/IRPDocumentCnt01176
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01989546
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02354017
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02244828
IRS990/LandBldgEquipCostOrOtherBssAmt04234374
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0222200
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO BE THE TRUSTED FINANCIAL PARTNER FOR OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09266574
IRS990/NetAssetsOrFundBalancesEOYAmt09370310
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-1177
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1177
IRS990/NetUnrelatedBusTxblIncmAmt0-962
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0209077
IRS990/OfficeExpensesGrp/TotalAmt0192531
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0864186
IRS990/OtherAssetsTotalGrp/EOYAmt03289500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0280426
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS COUNTER L
IRS990/OtherExpensesGrp/Desc2ASSOCIATION DUES
IRS990/OtherExpensesGrp/Desc3STATEMENT PREPARATION
IRS990/OtherExpensesGrp/TotalAmt0210454
IRS990/OtherExpensesGrp/TotalAmt142592
IRS990/OtherExpensesGrp/TotalAmt225252
IRS990/OtherExpensesGrp/TotalAmt320492
IRS990/OtherLiabilitiesGrp/BOYAmt070478868
IRS990/OtherLiabilitiesGrp/EOYAmt079920797
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01032
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01032
IRS990/OtherRevenueTotalAmt01032
IRS990/OtherSalariesAndWagesGrp/TotalAmt01626669
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt061944549
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt066025348
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0134510
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt092456
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0128000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0287752
IRS990/PrincipalOfficerNm0BARBARA BROWN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/BusinessCd4522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1CREDIT CARD USAGE FEES
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3CREDIT LIFE AND DISABI
IRS990/ProgramServiceRevenueGrp/Desc4ORIGINATION INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04292115
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1499312
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2481435
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt397315
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt478002
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04292115
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1499312
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2481435
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt397315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt478002
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0865020
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt033164
IRS990/PYOtherExpensesAmt01922199
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05147665
IRS990/PYRevenuesLessExpensesAmt0370677
IRS990/PYSalariesCompEmpBnftPaidAmt02022933
IRS990/PYTotalExpensesAmt04810152
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05180829
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0103736
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09266574
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09370310
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03794201
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07109345
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01863476
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01069928
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02933404
IRS990ScheduleD/EquipmentGrp/BookValueAmt0194552
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0919618
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01114170
IRS990ScheduleD/LandGrp/BookValueAmt0186800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0186800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05002277
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115469432
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt213498103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3339409
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt423981432
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt521407621
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt631974
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7190549
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0IRA ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3HEALTH SAVINGS ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4MONEY MARKET ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SHARE ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6INTEREST ON CERTIFICATES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7OTHER LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt09961506
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02244828
IRS990ScheduleD/TotalBookValueSecuritiesAmt09961506
IRS990ScheduleD/TotalLiabilityAmt079920797
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0153342
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt025000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024085
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BARBARA BROWN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0202427
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt04025
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12430
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt23930
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt34937
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt42751
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0MISCELLANEOUS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1MISCELLANEOUS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2MISCELLANEOUS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3MISCELLANEOUS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4MISCELLANEOUS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt15000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt25000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt35000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt45000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0BARBARA BROWN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1SUSAN LANGENBRUNNER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2MARY GOLEN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3PAULA OLSEN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4TERRY BURN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/TotalBalanceDueAmt018073
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS MADE UP OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS ELECTED BY THE MEMBERS OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS OF THE BOARD OF DIRECTORS THAT REQUIRE APPROVAL BY MEMBERS INCLUDE POLICY CHANGES, CHANGE IN TERM LIMITS, AND BY-LAW CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT INCLUDED REVIEW AND APPROVAL OF THE MEMBERS OF THE BOARD OF DIRECTORS BASED ON REVIEW OF SALARIES OF COMPARABLE POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROFESSIONAL AND OUTSIDE SERVICES 819,524.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$90,093,562
Liabilities
$80,723,252
Net assets
$9,370,310
Revenue
$5,592,333
Expenses
$5,488,597
Net income
$103,736
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$176$161$14.6$13.5$12.3$1.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$173$159$13.4$12.0$11.9$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$162$149$13.3$11.4$9.72$1.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$159$147$12.1$10.0$8.74$1.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$140$129$10.8$6.13$7.86$1.73
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$120$108$12.5$8.37$7.70$0.67
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$113$101$11.9$7.27$7.02$0.25
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.5$82.2$9.29$6.08$6.16$0.08
2016Detailed filing. Detailed filing data is available for this year.$90.1$80.7$9.37$5.59$5.49$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$79.9$70.6$9.27$5.18$4.81$0.37
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.1$65.2$8.90$4.99$4.29$0.69
2013Detailed filing. Detailed filing data is available for this year.$70.9$62.7$8.21$4.46$3.88$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.6$59.0$7.63$3.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.5$48.9$7.53$3.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.7$46.7$6.96$2.95