Northern 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: 540316051 ✦ Portsmouth, VA ✦ Designated as a 501(c)(14)

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Overview

What is Northern Star Credit Union?

Northern Star Credit Union, with a storied 85-year history, serves as a pioneering financial institution in Hampton Roads. As a member-owned cooperative, it offers its services to individuals residing or working in the area, going beyond traditional credit union requirements. The credit union provides a range of financial services, including checking and savings accounts, loans, and additional financial solutions. Its mission is deeply rooted in delivering five-star financial services, reflecting a commitment to excellence towards its community.


Official website here: www.nstarcu.org

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

82% of reviewers on Facebook would recommend Northern Star Credit Union. Here’s a summary of their experiences:

Members express a sense of satisfaction with their membership, frequently highlighting the friendly and supportive nature of the staff. Many users appreciate the welcoming atmosphere, which they feel contributes positively to their overall experience with the credit union.

While the number of reviews is modest, the positive sentiment indicates that Northern Star Credit Union has succeeded in creating a community-oriented environment where members feel valued and well-served. Overall, it seems many find it a reliable choice for their financial needs.


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

Is Northern Star Credit Union legitimate?

Northern Star Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northern 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: $423,867
Professional Fundraising Fees: $0
Other Salaries and Wages: $767,506

For more financial information, click here


Official website here: www.nstarcu.org

What is the mission statement of Northern Star Credit Union?

Northern Star Credit Union, functioning as a member-owned financial cooperative, is dedicated to providing its members with essential financial services. This includes offering checking and savings accounts, providing loans, and delivering various other financial services. The credit union strives to offer its members the best possible products and services, drawing from its extensive experience in the financial industry. Although it may require membership from an employee group in some cases, Northern Star Credit Union is open to anyone who resides or works within the Hampton Roads area, demonstrating its commitment to serving its community.


Official website here: www.nstarcu.org

Who is the CEO of Northern Star Credit Union?

Jennifer Riley is the Former Pres/ of Northern Star Credit Union.


Official website here: www.nstarcu.org

What is the revenue of Northern Star Credit Union?

Northern Star Credit Union's revenue in 2022 was $5,112,971.


Official website here: www.nstarcu.org

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

The average compensation at Northern Star Credit Union during 2022 was $49,641. There are 24 employees and 10 volunteers at Northern Star Credit Union.


Here are 7 key members and their salaries:


Roger E Early (Former Pres/)
  • Compensation: $303,603
  • Related: $0
  • Other: $33,637
Jennifer Riley (President/Ce)
  • Compensation: $120,264
  • Related: $0
  • Other: $0
Chase Goodwin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Johnson (Board Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernard G Matthews (Board Vice C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles R Parker (Board Chairm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felicia Scales (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nstarcu.org

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

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


Official website here: www.nstarcu.org

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

Mission Statement of Northern Star Credit Union

Northern Star Credit Union, as a member-owned financial cooperative, is dedicated to providing its members with a variety of financial services. This includes checking and savings accounts, loans, and other financial services. The credit union's mission is to serve its members effectively, demonstrating a commitment to excellence in the financial industry. Despite requiring membership from individuals who live or work in the Hampton Roads area, Northern Star Credit Union has a long-standing history of 85 years, showcasing its ability to deliver top-tier financial services.

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Impact




October, 2024

Northern Star Credit Union has a significant impact on the Hampton Roads community by offering essential financial services that enhance the financial well-being of its members. As a member-owned financial cooperative, it provides checking and savings accounts, loans, and other financial services tailored to meet the diverse needs of individuals and families in the region. With a legacy spanning 85 years, the credit union exemplifies a commitment to excellence and innovative financial solutions.

By being accessible to anyone who lives or works in Hampton Roads, Northern Star fosters inclusivity, empowering a broader demographic to achieve financial stability. Its emphasis on delivering high-quality products and services creates a supportive environment for members, helping them build savings, make informed financial decisions, and access credit resources. This impact extends beyond individual members, contributing to the economic vitality of the entire community.




This information is meant to be a general summary of Northern 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
$5,112,971 (2022)
Expenses
$4,875,606 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $761,236
  • Program Service Revenue: $4,351,735
  • Gross Receipts: $5,241,713

Assets and Liabilities:

  • Total Assets: $81,827,055
  • Total Liabilities: $75,842,070
  • Net Assets: $5,984,985

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Programs

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

INTEREST ON MEMBER LOANS

Revenue

$3,759,394

OTHER INCOME

Revenue

$299,344

SERVICE FEES

Revenue

$292,997

Organization Details

Founding Year

1928

Principal Officer

Jennifer Riley

Main Address

5100 GEORGE WASHINGTON HWY, PORTSMOUTH, VA, 23702

NTEE Category

Code: W60 - Public benefit

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