Overview
What is Northwoods Credit Union?
Northwoods Credit Union is a nonprofit financial institution situated in Cloquet, Minnesota, specifically at 1700 AVE B, ZIP code 55720. Serving a membership of approximately 11,408 individuals, this credit union has distributed dividends totaling over $366,100. The primary focus of Northwoods Credit Union is to provide credit union services to its members, aiming to be their trusted financial partner. Their mission is to ensure that they meet the financial needs of their members effectively. With a workforce of 63 employees, Northwoods Credit Union is dedicated to offering credit union services to its community.
Official website here: www.northwoodscu.org
Is Northwoods Credit Union legitimate?
Northwoods Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northwoods 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: $572,182
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,836,029
For more financial information, click here
Official website here: www.northwoodscu.org
What is the mission statement of Northwoods Credit Union?
Northwoods Credit Union's mission is centered around being a reliable financial partner for its members. The institution strives to fulfill this mission by providing credit union services. Their goal is to earn the trust of their members, offering them financial solutions to meet their needs. They have served a substantial number of 11,408 members and have returned dividends totaling over $366,100 to them.
Official website here: www.northwoodscu.org
Who is the CEO of Northwoods Credit Union?
Doug Wolf is the Chairperson of Northwoods Credit Union. The CEO's salary of Northwoods Credit Union is $171,546 and their total compensation is $211,312.
Official website here: www.northwoodscu.org
What is the revenue of Northwoods Credit Union?
Northwoods Credit Union's revenue in 2022 was $11,374,020.
Official website here: www.northwoodscu.org
Who are the executives of Northwoods Credit Union and what are their salaries?
The average compensation at Northwoods Credit Union during 2022 was $54,099. There are 63 employees and 10 volunteers at Northwoods Credit Union.
Here are 10 key members and their salaries (Northwoods Credit Union's CEO's salary is $171,546 and their total compensation is $211,312):
- Compensation: $2,074
- Related: $0
- Other: $0
- Compensation: $1,435
- Related: $0
- Other: $0
- Compensation: $1,318
- Related: $0
- Other: $0
- Compensation: $1,245
- Related: $0
- Other: $0
- Compensation: $967
- Related: $0
- Other: $0
- Compensation: $804
- Related: $0
- Other: $0
- Compensation: $636
- Related: $0
- Other: $0
- Compensation: $134,445
- Related: $0
- Other: $45,806
- Compensation: $171,546
- Related: $0
- Other: $39,766
- Compensation: $137,618
- Related: $0
- Other: $34,523
Official website here: www.northwoodscu.org
Where can I find the form 990 for Northwoods Credit Union?
Northwoods Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northwoodscu.org
Learn more at the official website: www.northwoodscu.org
Mission Statement of Northwoods Credit Union
Northwoods Credit Union, as a financial institution, is committed to serving its members with credit union services. Its mission, in simpler terms, is to act as a reliable financial partner for its members. This mission is underpinned by a desire to build and maintain strong relationships with its members, providing them with the financial support they need to manage their finances effectively. The credit union achieves this by paying out dividends, totaling over $366,100, to its 11,408 members, demonstrating its dedication to its members' financial well-being.
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Impact
October, 2024
Northwoods Credit Union has made a significant impact by serving 11,408 members in Cloquet, MN, and paying over $366,100 in dividends. The credit union focuses on being a trusted financial partner for its members, offering essential financial services that enhance their financial well-being. By prioritizing member needs and community support, Northwoods Credit Union fosters a sense of trust and stability, contributing positively to the local economy and the financial empowerment of its members.
This information is meant to be a general summary of Northwoods 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $151,593
- Program Service Revenue: $10,080,951
- Gross Receipts: $11,374,020
Assets and Liabilities:
- Total Assets: $162,399,307
- Total Liabilities: $149,068,094
- Net Assets: $13,331,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOAN
Revenue
$7,250,192
FEE INCOME
Revenue
$2,830,759
Organization Details
Founding Year
1936
Phone
(218) 879-4181Principal Officer
Doug Wolf
Main Address
1702 AVE B, CLOQUET, MN, 55720
Website
www.northwoodscu.orgNTEE Category
Code: W60 - Public benefit
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