Civic Intelligence

Novation Credit Union

EIN 41-0800081 • 501(c)14 • Oakdale, MN

Profile

To offer personalized financial solutions exclusively to 3m employees, mcleod county, novation credit union foundation donors and their families.

500 Imperial AveOakdale, MN 55128-7151

www.novation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.90x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

15.59x

Higher debt load relative to revenue than 49% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Net Margin

74th percentile

19%

Higher net margin than 74% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$279,425

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

$100M-$250M nonprofits • Source year 2022

Asset Growth

54th percentile

2.4%

Faster asset growth than 54% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

19%

Faster revenue growth than 68% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$232,490,083

Up $5,403,117 (+2.4%) from 2023

Liabilities

Up

$210,130,995

Up $2,686,578 (+1.3%) from 2023

Net Assets

Up

$22,359,088

Up $2,716,539 (+14%) from 2023

Revenue

Up

$13,474,710

Up $2,181,245 (+19%) from 2023

Expenses

Up

$10,934,887

Up $1,164,563 (+12%) from 2023

Net Income

Up

$2,539,823

Up $1,016,682 (+67%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $84,303,545Liabilities 2010: $78,264,720Net Assets 2010: $6,038,8252010Assets 2011: $87,351,531Liabilities 2011: $80,875,185Net Assets 2011: $6,476,3462011Assets 2012: $95,140,961Liabilities 2012: $87,819,349Net Assets 2012: $7,321,6122012Assets 2013: $99,853,064Liabilities 2013: $91,768,218Net Assets 2013: $8,084,8462013Assets 2014: $106,603,209Liabilities 2014: $97,950,390Net Assets 2014: $8,652,8192014Assets 2015: $114,926,415Liabilities 2015: $105,482,739Net Assets 2015: $9,443,6762015Assets 2016: $128,141,947Liabilities 2016: $117,750,062Net Assets 2016: $10,391,8852016Assets 2017: $141,069,501Liabilities 2017: $129,872,701Net Assets 2017: $11,196,8002017Assets 2018: $144,238,783Liabilities 2018: $131,989,390Net Assets 2018: $12,249,3932018Assets 2019: $162,517,262Liabilities 2019: $149,342,417Net Assets 2019: $13,174,8452019Assets 2020: $192,998,558Liabilities 2020: $178,472,469Net Assets 2020: $14,526,0892020Assets 2021: $218,712,368Liabilities 2021: $201,872,845Net Assets 2021: $16,839,5232021Assets 2022: $224,719,719Liabilities 2022: $206,635,423Net Assets 2022: $18,084,2962022Assets 2023: $227,086,966Liabilities 2023: $207,444,417Net Assets 2023: $19,642,5492023Assets 2024: $232,490,083Liabilities 2024: $210,130,995Net Assets 2024: $22,359,0882024

Highlighted filing

2024

Assets$232,490,083
Liabilities$210,130,995
Net Assets$22,359,088

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Expenses 2010: $5,136,2952010Revenue 2011: $5,170,962Expenses 2011: $4,733,441Net Income 2011: $437,5212011Expenses 2012: $4,439,1932012Revenue 2013: $5,114,348Expenses 2013: $4,351,114Net Income 2013: $763,2342013Revenue 2014: $5,188,948Expenses 2014: $4,620,975Net Income 2014: $567,9732014Revenue 2015: $5,552,361Expenses 2015: $4,761,504Net Income 2015: $790,8572015Revenue 2016: $6,242,543Expenses 2016: $5,294,334Net Income 2016: $948,2092016Revenue 2017: $6,403,714Expenses 2017: $5,598,799Net Income 2017: $804,9152017Revenue 2018: $7,079,455Expenses 2018: $6,026,862Net Income 2018: $1,052,5932018Revenue 2019: $8,044,478Expenses 2019: $7,119,026Net Income 2019: $925,4522019Revenue 2020: $8,298,506Expenses 2020: $6,947,262Net Income 2020: $1,351,2442020Revenue 2021: $8,796,633Expenses 2021: $6,483,200Net Income 2021: $2,313,4332021Revenue 2022: $9,264,760Expenses 2022: $7,323,942Net Income 2022: $1,940,8182022Revenue 2023: $11,293,465Expenses 2023: $9,770,324Net Income 2023: $1,523,1412023Revenue 2024: $13,474,710Expenses 2024: $10,934,887Net Income 2024: $2,539,8232024

Highlighted filing

2024

Revenue$13,474,710
Expenses$10,934,887
Net Income$2,539,823

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$232$210$22.4$13.5$10.9$2.54
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$227$207$19.6$11.3$9.77$1.52
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$225$207$18.1$9.26$7.32$1.94
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$219$202$16.8$8.80$6.48$2.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$193$178$14.5$8.30$6.95$1.35
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$163$149$13.2$8.04$7.12$0.93
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$144$132$12.2$7.08$6.03$1.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$141$130$11.2$6.40$5.60$0.80
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$128$118$10.4$6.24$5.29$0.95
2015Detailed filing. Detailed filing data is available for this year.$115$105$9.44$5.55$4.76$0.79
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$107$98.0$8.65$5.19$4.62$0.57
2013Detailed filing. Detailed filing data is available for this year.$99.9$91.8$8.08$5.11$4.35$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.1$87.8$7.32$4.44
2011Summary only. Only limited summary data is available for this year.$87.4$80.9$6.48$5.17$4.73$0.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.3$78.3$6.04$5.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.2
Gross Receipts
$13,474,710
Mission and Program Overview

Mission

Novation Credit Union is a not-for-profit financial cooperative providing 14,330 member owners with competitively priced financial solutions including real estate and consumer loans, credit cards, savings, checking, and investments. Additional services include ATM/Debit Cards, ATMs, Online Banking, Mobile Banking, Bill Pay and More.

Novation credit union is a not-for-profit financial cooperative providing 17,000 member owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$159,762,932$164,198,723▲ $4,435,791
Savings and Temporary Cash Investments$32,894,175$39,354,056▲ $6,459,881
Rtn Earn Endowment Incm Other Fnds$19,642,549$22,359,088▲ $2,716,539
Investments Program Related$20,874,521$15,436,047▼ $5,438,474
Receivables From Officers Etc$2,829,414$2,917,861▲ $88,447
Land, Buildings, and Equipment, Net$2,114,832$1,909,851▼ $204,981
Cash and Non-Interest-Bearing Accounts$1,611,302$1,652,208▲ $40,906
Prepaid Expenses and Deferred Charges$351,412$518,468▲ $167,056
Accounts Receivable$51,847$76,236▲ $24,389
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$227,086,966$232,490,083▲ $5,403,117
Other Assets Total$6,596,531$6,426,633▼ $169,898
Liabilities
Other Liabilities$206,102,579$208,571,447▲ $2,468,868
Accounts Payable and Accrued Expenses$1,341,838$1,559,548▲ $217,710
Total Liabilities$207,444,417$210,130,995▲ $2,686,578
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,642,549$22,359,088▲ $2,716,539
Total Liabilities and Net Assets / Fund Balance$227,086,966$232,490,083▲ $5,403,117

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$367,569$2,907,185$3,274,754
Buildings$604,952$1,324,856$1,929,808
Land$734,664-$734,664
Leasehold Improvements$52,269$306,392$358,661
Other Land Buildings$150,397$97,546$247,943
Investment Program Related Org$7,982,668--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mike KronebuschPresident/CEOFT$215,335$60,720$276,055
Terry KahleVP of Finance/CFOFT$153,251$45,063$198,314
Tyler SacheVP of Marketing & StrategyFT$165,261$15,839$181,100
Nick AltavillaVP of Digital Experience & OperationsFT$121,958$14,961$136,919
Kristi MukomelaFormer CEO (12/31/23)-$8,625$126,665$135,290
Lori SchaetzkaDirector of TechnologyFT$106,107$24,030$130,137
Todd BrandelChief Lending OfficerFT$99,534$29,665$129,199
Mary EdingerBoard Chair-$1,200-$1,200
Dan CarlsonDirector-$1,200-$1,200
Daryl ThoennesDirector-$1,200-$1,200
John SchwalbachDirector-$1,200-$1,200
Joseph PaulDirector-$1,200-$1,200
Matt JuhlVice Chair-$1,200-$1,200
Wendy BensonSecretary-$1,200-$1,200
Michelle NephewDirector-$900-$900
Robert KodyDirector-$900-$900
Dawn McginleyChair-$400-$400
Shawn SchowDirector-$400-$400

Highest Paid Contractors

ContractorServicesLocationCompensation
VeleraCard Processing560 CARILLON PARKWAY, St Peterburgs, FL 33716$676,576
G&a Outsourcing LLCPeo Services17220 KATY FREEWAY SUITE 350, Houston, TX 77094$652,845
CandescentE Services864 SPRING ST, Atlanta, GA 30308$346,960
Fiserv INCAccount Processing225 FISERV DRIVE, Brookfield, WI 53045$288,695
Rsm US LLPIt/network Managed Services801 NICOLLET MALL SUITE 1200, Minneapolis, MN 55402$234,330
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,328,922
Investment Income
$2,145,788
Other Revenue
$0
Change in Net Assets
$2,539,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,103,749
Salaries, Compensation, and Employee Benefits$3,822,702
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$3,008,436
Other Salaries and Wages---$2,017,108
Office Expenses---$1,125,050
Current Officers, Directors, Trustees, and Key Employees---$1,062,724
Fees for Services Other---$931,940
Other Employee Benefits---$589,037
Depreciation Depletion---$305,105
Occupancy---$207,418
Advertising---$163,042
Fees for Services Accounting---$161,598
Pension Plan Contributions---$153,833
Travel---$91,318
Other Expenses---$22,815
Fees for Services Legal---$3,066
Interest---$315
Total Functional Expenses$0$0$0$10,934,887
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tracy JuhlSpouse of Board Member Matt JuhlCompensation for Part-time EmployeeNo$25,476

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,829,414$2,917,861▲ $88,447
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares All Types$208,571,447
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 4

The bylaws were updated to reflect changes in terms for board members.

Form 990, Part VI, Section A, Line 6

The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.

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

Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, as vacancies arise, or otherwise.

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

Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.

Form 990, Part VI, Section A, Line 8B

No committees with authority to act on behalf of the governing body.

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

990 is reviewed by the cfo. It is available to members upon written request to the cfo.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is signed off annually by staff as part of our employee handbook and is only monitored by self-disclosure.

Form 990, Part VI, Section B, Line 15

A compensation committee reviews survey data and progress on credit union goals and recommends ceo compensation changes to full board for approval. The ceo reviews survey data and progress on credit union goals in determining management and other employee compensation. The process described here was last completed in 2024.

Form 990, Part VI, Section C, Line 19

Financial statements are made available in the annual report, ncua website and are posted in branch lobbies.

Filing and Contact Details

Filer

Filer Name
Novation Credit Union
EIN
41-0800081
Phone
6517398080
Address
500 IMPERIAL AVE, OAKDALE, MN 55128-7151

Signing Officer

Name
Terry Kahle
Title
VP of Finance/CFO
Phone
6517398080
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Kronebusch
Formed
1954
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
43
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
109 N MAIN STREET SUITE 200, AUSTIN, MN 55912
Preparer
Tanya Medgaarden
Phone
5074347000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The credit union is generally exempt, by statute, from federal income taxes and state corporate business tax. However, the credit union is subject to federal tax on net unrelated business income. The credit union may recognize a liability for unrecognized tax benefits from uncertain tax positions. Unrecognized tax benefits represent the differences between a tax position taken or expected to be taken in a tax return and the benefit recognized and measured in the financial statements. Interest and penalties related to unrecognized tax benefits are classified as income tax expense.

Raw XML AppendixShowing 400 of 612 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
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IRS990/AccountsReceivableGrp/EOYAmt076236
IRS990/ActivitiesConductedPrtshpInd00
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IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
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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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1227679
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1314961
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1424030
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1529665
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1611159
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt171620
IRS990/Form990PartVIISectionAGrp/PersonNm0MIKE KRONEBUSCH
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSEPH PAUL
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN SCHWALBACH
IRS990/Form990PartVIISectionAGrp/PersonNm3WENDY BENSON
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY EDINGER
IRS990/Form990PartVIISectionAGrp/PersonNm5MATT JUHL
IRS990/Form990PartVIISectionAGrp/PersonNm6DARYL THOENNES
IRS990/Form990PartVIISectionAGrp/PersonNm7DAN CARLSON
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT KODY
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHELLE NEPHEW
IRS990/Form990PartVIISectionAGrp/PersonNm10SHAWN SCHOW
IRS990/Form990PartVIISectionAGrp/PersonNm11DAWN MCGINLEY
IRS990/Form990PartVIISectionAGrp/PersonNm12TERRY KAHLE
IRS990/Form990PartVIISectionAGrp/PersonNm13NICK ALTAVILLA
IRS990/Form990PartVIISectionAGrp/PersonNm14LORI SCHAETZKA
IRS990/Form990PartVIISectionAGrp/PersonNm15TODD BRANDEL
IRS990/Form990PartVIISectionAGrp/PersonNm16TYLER SACHE
IRS990/Form990PartVIISectionAGrp/PersonNm17KRISTI MUKOMELA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0260587
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt41200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt51200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt61200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt71200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8900
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12170635
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13121958
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14106107
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1599534
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16169941
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17133670
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF FINANCE/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF DIGITAL EXPERIENCE & OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF MARKETING & STRATEGY
IRS990/Form990PartVIISectionAGrp/TitleTxt17FORMER CEO (12/31/23)
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01954
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt013474710
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/TotalAmt0315
IRS990/InvestmentIncomeGrp/ExclusionAmt02145788
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02145788
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt015436047
IRS990/IRPDocumentCnt09788
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IRS990/LandBldgEquipAccumDeprecAmt04635979
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02114832
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01909851
IRS990/LandBldgEquipCostOrOtherBssAmt06545830
IRS990/LegalDomicileStateCd0MN
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IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
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IRS990/MissionDesc0TO OFFER PERSONALIZED FINANCIAL SOLUTIONS EXCLUSIVELY TO 3M EMPLOYEES, MCLEOD COUNTY, NOVATION CREDIT UNION FOUNDATION DONORS AND THEIR FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt019642549
IRS990/NetAssetsOrFundBalancesEOYAmt022359088
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IRS990/OccupancyGrp/TotalAmt0207418
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IRS990/OfficerMailingAddressInd00
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IRS990/OtherAssetsTotalGrp/EOYAmt06426633
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0589037
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1CREDIT LOSS PROVISION
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS OPERATING
IRS990/OtherExpensesGrp/Desc3OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt0629516
IRS990/OtherExpensesGrp/TotalAmt1377321
IRS990/OtherExpensesGrp/TotalAmt285245
IRS990/OtherExpensesGrp/TotalAmt322815
IRS990/OtherLiabilitiesGrp/BOYAmt0206102579
IRS990/OtherLiabilitiesGrp/EOYAmt0208571447
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherSalariesAndWagesGrp/TotalAmt02017108
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0159762932
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0164198723
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0153833
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0351412
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IRS990/PrincipalOfficerNm0MICHAEL KRONEBUSCH
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IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
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IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12574235
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2335277
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt04950
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt111373
IRS990/ProgSrvcAccomActy2Grp/Desc0SAVINGS:PROVIDE CHECKING AND SAVINGS PRODUCTS INCLUDING ATM, DEBIT CARDS, DIRECT DEPOSIT, ONLINE BANKING, ACH AND MOBILE PAYMENTS TO 17,000 MEMBER OWNERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0INVESTMENT:PROVIDE COMPETITIVE SAVINGS AND INVESTMENT OPPORTUNITIES AND RETIREMENT PLANNING SERVICES TO MEMBER OWNERS.
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01324856
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01929808
IRS990ScheduleD/EquipmentGrp/BookValueAmt0367569
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02907185
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03274754
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1136300
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt27982668
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0AFS DEBT SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1FEDERAL HOME LOAN BANK STOCK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2HTM DEBT SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt0734664
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0734664
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt052269
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0306392
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0358661
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0150397
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt097546
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0247943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0208571447
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES ALL TYPES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS GENERALLY EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES AND STATE CORPORATE BUSINESS TAX. HOWEVER, THE CREDIT UNION IS SUBJECT TO FEDERAL TAX ON NET UNRELATED BUSINESS INCOME. THE CREDIT UNION MAY RECOGNIZE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS FROM UNCERTAIN TAX POSITIONS. UNRECOGNIZED TAX BENEFITS REPRESENT THE DIFFERENCES BETWEEN A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND THE BENEFIT RECOGNIZED AND MEASURED IN THE FINANCIAL STATEMENTS. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS INCOME TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01909851
IRS990ScheduleD/TotalBookValueProgramRltdAmt015436047
IRS990ScheduleD/TotalLiabilityAmt0208571447
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00

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