Northern Communities Credit Union

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

EIN: 410225925 ✦ Duluth, MN ✦ Designated as a 501(c)(14)

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Overview

What is Northern Communities Credit Union?

Northern Communities Credit Union is a financial institution based in Duluth, Minnesota, with an address at 3311 WEST ARROWHEAD ROAD. It operates as a nonprofit organization, committed to promoting member success by addressing their evolving financial needs. The credit union offers various deposit accounts and had 6,234 members as of December 31, 2022. In the previous year, they opened 884 new deposit accounts, demonstrating growth and member engagement. The credit union's mission is to cater to the changing financial needs of its members, ensuring their overall financial well-being.


Official website here: www.nccyou.com

What do the Facebook reviews say about Northern Communities Credit Union?

94% of 57 reviewers on Facebook recommend Northern Communities Credit Union. Here is a summary of their reviews:

Many users appreciate the prompt and efficient service provided by the credit union. The staff are noted for their willingness to assist customers in resolving issues, demonstrating a commitment to individualized support. This attention to detail fosters trust and satisfaction among members.

Overall, patrons feel that Northern Communities Credit Union lives up to its promises, delivering reliable services that make the banking experience straightforward and hassle-free. The general sentiment reflects a strong endorsement of their approachable and effective customer service.


This AI summary has been generated from reviews found on Facebook.

Is Northern Communities Credit Union legitimate?

Northern Communities Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northern Communities 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: $304,098
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,044,353

For more financial information, click here


Official website here: www.nccyou.com

What is the mission statement of Northern Communities Credit Union?

The Northern Communities Credit Union's mission is centered around promoting member success by addressing their evolving financial needs. This is achieved by offering a range of deposit accounts and opening 884 new accounts in 2022. As of December 31, 2022, the credit union served a membership of 6,234 individuals. Their primary goal is to adapt to and fulfill the shifting financial requirements of their members.


Official website here: www.nccyou.com

Who is the CEO of Northern Communities Credit Union?

Trina Hoff is the President/Ce of Northern Communities Credit Union.


Official website here: www.nccyou.com

What is the revenue of Northern Communities Credit Union?

Northern Communities Credit Union's revenue in 2022 was $4,887,350.


Official website here: www.nccyou.com

Who are the executives of Northern Communities Credit Union and what are their salaries?

The average compensation at Northern Communities Credit Union during 2022 was $37,457. There are 36 employees at Northern Communities Credit Union.


Here are 12 key members and their salaries:


Trina Hoff (President/Ce)
  • Compensation: $145,327
  • Related: $0
  • Other: $61,731
Anita Chandler (Vp Administr)
  • Compensation: $85,725
  • Related: $0
  • Other: $14,429
Sharon Lundquist (Vp Lending)
  • Compensation: $70,705
  • Related: $0
  • Other: $19,918
George Walters (Director)
  • Compensation: $377
  • Related: $0
  • Other: $66
Dirk Davis (Director)
  • Compensation: $371
  • Related: $0
  • Other: $66
Karen Erickson (Chair)
  • Compensation: $301
  • Related: $0
  • Other: $66
John Lindquist (Director)
  • Compensation: $274
  • Related: $0
  • Other: $66
James Kroll (Director)
  • Compensation: $221
  • Related: $0
  • Other: $66
Charles Schumacher (Director)
  • Compensation: $215
  • Related: $0
  • Other: $66
Ruth Hemming (Secretary)
  • Compensation: $209
  • Related: $0
  • Other: $66
Robert Mccubbin (Director)
  • Compensation: $199
  • Related: $0
  • Other: $66
Shawn Herhusky (Vice Chair)
  • Compensation: $174
  • Related: $0
  • Other: $66


Official website here: www.nccyou.com

Where can I find the form 990 for Northern Communities Credit Union?

Northern Communities Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nccyou.com

Learn more at the official website: www.nccyou.com

Mission Statement of Northern Communities Credit Union

Northern Communities Credit Union is committed to promoting member success by addressing their evolving financial needs. This mission is reflected in the various deposit accounts they offer, aiming to cater to the changing financial requirements of their members. In 2022, the credit union expanded its membership base by opening 884 new deposit accounts, indicating its dedication to serving its members effectively. As of December 31, 2022, Northern Communities Credit Union boasted a membership of 6,234 members, demonstrating its growing influence and commitment to its members' financial well-being.

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Impact




October, 2024

Northern Communities Credit Union plays a significant role in enhancing the financial well-being of its members. With a mission to promote member success by addressing their evolving financial needs, the credit union offers a variety of deposit accounts tailored to support diverse financial goals. In 2022 alone, it successfully opened 884 new deposit accounts, demonstrating its commitment to expanding access to financial resources within the community.

As of December 31, 2022, Northern Communities Credit Union serves a robust membership of 6,234 individuals, reflecting its importance as a financial partner in Duluth, MN. Through its services, the credit union not only fosters financial stability but also strengthens the community's economic foundation by empowering members to make informed financial decisions.




This information is meant to be a general summary of Northern Communities 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
$4,887,350 (2022)
Expenses
$4,164,127 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $632,190
  • Program Service Revenue: $4,208,344
  • Gross Receipts: $4,987,609

Assets and Liabilities:

  • Total Assets: $104,832,624
  • Total Liabilities: $94,686,653
  • Net Assets: $10,145,971

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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

$2,906,100

OTHER MEMBER RELATED REVENUE

Revenue

$904,400

ACCOUNT FEES

Revenue

$389,297

FEE & INSURANCE REVENUE

Revenue

$8,547

Organization Details

Founding Year

1928

Principal Officer

Trina Hoff

Main Address

3311 WEST ARROWHEAD ROAD, DULUTH, MN, 55811

NTEE Category

Code: W60 - Public benefit

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