North Star 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: 410789207 ✦ Cook, MN ✦ Designated as a 501(c)(14)

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Overview

What is North Star Credit Union?

North Star Credit Union is a non-profit organization situated in Cook, Minnesota, with a specific focus on providing financial services. Based at 24 S River Street, they cater to a membership field, offering a mission dedicated to delivering both financial services and financial education. With a team of 44 dedicated employees, they strive to contribute positively to their members' financial wellbeing.


Official website here: www.northstarcreditunion.org/

What do the Facebook reviews say about North Star Credit Union?

100% of 26 reviewers on Facebook recommend this credit union. Here is a summary of their reviews:

The consensus among users highlights the outstanding and personable service provided by the staff at North Star Credit Union. Many appreciate the welcoming atmosphere, describing it as having a small hometown feel that makes banking a more personal experience.

Overall, clients feel confident and satisfied with the level of service they receive, which enhances their overall banking experience. There is a strong sentiment of community and support that resonates throughout the reviews.


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

Is North Star Credit Union legitimate?

North Star Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. North Star 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: $337,538
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,236,675

For more financial information, click here


Official website here: www.northstarcreditunion.org/

What is the mission statement of North Star Credit Union?

North Star Credit Union, as a non-profit organization, is committed to providing financial services and financial education to its membership. Its mission is centered around this dual purpose, aiming to assist its members in managing their finances effectively. The credit union is dedicated to promoting financial literacy and offering various financial services to its members.


Official website here: www.northstarcreditunion.org/

Who is the CEO of North Star Credit Union?

Jennifer Stedt is the Secretary of North Star Credit Union. The CEO's salary of North Star Credit Union is $135,281 and their total compensation is $158,155.


Official website here: www.northstarcreditunion.org/

What is the revenue of North Star Credit Union?

North Star Credit Union's revenue in 2022 was $4,235,366.


Official website here: www.northstarcreditunion.org/

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

The average compensation at North Star Credit Union during 2022 was $35,778. There are 44 employees and 9 volunteers at North Star Credit Union.


Here are 8 key members and their salaries (North Star Credit Union's CEO's salary is $135,281 and their total compensation is $158,155):


Lara Whiteside (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Conner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Schelde (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marge Rinne (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Korpi (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristen Zigan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Stedt (Ceo/Treasurer)
  • Compensation: $135,281
  • Related: $0
  • Other: $22,874
Rich Crettol (Ceo/Treasurer (Former))
  • Compensation: $202,257
  • Related: $0
  • Other: $31,740


Official website here: www.northstarcreditunion.org/

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

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


Official website here: www.northstarcreditunion.org/

Learn more at the official website: www.northstarcreditunion.org/

Mission Statement of North Star Credit Union

North Star Credit Union, as a non-profit organization, is dedicated to providing financial services and financial education to its membership. Their mission is centered around this dual objective, aiming to assist individuals in managing their finances effectively and making informed financial decisions. The credit union operates with a commitment to serving its members, offering a range of financial services that cater to their needs. This mission is not merely limited to financial transactions, but extends to providing financial education as well, empowering its members to take charge of their financial futures.

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Impact




October, 2024

North Star Credit Union significantly impacts its community by offering a range of financial services and education tailored to meet the needs of its members. Located in Cook, Minnesota, the credit union focuses on promoting financial literacy and empowering individuals to make informed financial decisions. By providing accessible financial products and services, North Star enhances the economic well-being of its members, fostering a sense of community and support. Through its commitment to education, it helps members build financial skills, ultimately leading to greater financial stability and success. This dedication to both service and education underscores its role in improving the overall quality of life within the community it serves.




This information is meant to be a general summary of North Star 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
$4,235,366 (2022)
Expenses
$3,574,264 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$31,818
  • Program Service Revenue: $4,190,877
  • Gross Receipts: $4,355,162

Assets and Liabilities:

  • Total Assets: $90,931,796
  • Total Liabilities: $82,312,935
  • Net Assets: $8,618,861

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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

$3,509,914

FEES AND CHARGES

Revenue

$680,963

Organization Details

Founding Year

1939

Principal Officer

Jennifer Stedt

Main Address

24 S RIVER STREET, COOK, MN, 55723

NTEE Category

Code: W60 - Public benefit

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