North Star Community Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237156614 ✦ Cherokee, IA ✦ Designated as a 501(c)(14)

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Overview

What is North Star Community Credit Union?

North Star Community Credit Union is a state-chartered financial institution, serving as a nonprofit organization. Its primary mission is to provide financial services to its members, operating under the framework of a credit union. Although the information provided does not specify the nature of services or programs offered by the credit union, it is generally focused on financial well-being and cooperative banking for its community. The specific activities or initiatives of North Star Community Credit Union remain unknown from the given information.


Official website here: www.nsccu.org

Is North Star Community Credit Union legitimate?

North Star Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. North Star Community Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $540,870
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,235,789

For more financial information, click here


Official website here: www.nsccu.org

What is the mission statement of North Star Community Credit Union?

North Star Community Credit Union operates under a state charter, serving its mission to provide financial services. While the provided information is limited, it does not specify an explicit mission statement. However, it does imply that the credit union aims to offer its services to its members, with the possibility of creating a free account to access more profiles, suggesting an inclusive and member-focused approach. Without further details, it's challenging to provide a more comprehensive mission statement.


Official website here: www.nsccu.org

What is the revenue of North Star Community Credit Union?

North Star Community Credit Union's revenue in 2024 was $10,805,763.


Official website here: www.nsccu.org

Who are the executives of North Star Community Credit Union and what are their salaries?

The average compensation at North Star Community Credit Union during 2024 was $45,555. There are 39 employees and 9 volunteers at North Star Community Credit Union.

Here are 9 key members and their salaries:


Jeffrey L Hayes (President/ C)
  • Compensation: $506,539
  • Related: $0
  • Other: $34,331
Ronald E Brown (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah J Edwards (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morgan I Gravanish (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolleen K Heater (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
W Allan Henn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara J Kratz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara J Messerole (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy K Stoneking (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nsccu.org

Where can I find the form 990 for North Star Community Credit Union?

North Star Community Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.nsccu.org

Learn more at the official website: www.nsccu.org

Mission Statement of North Star Community Credit Union

North Star Community Credit Union operates as a state-chartered credit union, serving its members with undisclosed objectives or purposes. However, the provided information does not offer insight into the specific mission or activities of this credit union. Consequently, I am unable to provide a detailed summary of its mission at this time.

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Impact




October, 2024

North Star Community Credit Union has made a significant impact in Cherokee, IA, by providing accessible financial services that enhance the economic well-being of its members and the local community. As a state-chartered credit union, it focuses on fostering financial literacy and empowering individuals with the tools necessary for financial stability. Through various programs and services, North Star promotes community engagement and support, helping members to achieve their financial goals while contributing to the overall public benefit. This commitment strengthens the local economy, ensuring financial resources are available to all community residents.




This information is meant to be a general summary of North Star Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$10,805,763 (2024)
Expenses
$9,776,886 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $1,211,618
  • Program Service Revenue: $9,594,145
  • Gross Receipts: $10,805,763

Assets and Liabilities:

  • Total Assets: $136,692,292
  • Total Liabilities: $124,476,819
  • Net Assets: $12,215,473

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$8,350,359

FEE INCOME

Revenue

$681,016

MISCELLANEOUS INCOME

Revenue

$562,770

Organization Details

Founding Year

1971

Principal Officer

Jeffrey L Hayes

NTEE Category

Code: W60 - Public benefit

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