2024-11-01T14:22:02-04:00 2023-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2023-01-01 410849130 NORTHRIDGE COMMUNITY CREDIT UNION NORT 8776722848 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 NICHOLAS MATHIOWETZ PRES/CEO & SEC/TREAS 2184712121 2024-10-24 true true BRENT WOOKEY CPA P00062439 6087920843 2024-11-01 X 2023 2024-10-15 13:58:12Z NICHOLAS MATHIOWETZ 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 8273175 false X WWW.NRCCU.ORG X CREDIT UNION 1957 MN OUR PURPOSE IS TO SUPPORT THE PEOPLE IN OUR COMMUNITIES; TO ENCOURAGE THEIR LEARNING AND UNDERSTANDING OF THEIR UNIQUE FINANCIAL SITUATIONS AND PROVIDE TOOLS FOR OUR MEMBERS TO REACH THEIR DREAMS. 5 4 37 6 14666 303699 6110428 7717170 137560 197240 19780 34566 6267768 8252675 2075 0 1663996 1999152 0 0 3161799 4083879 4825795 6085106 1441973 2167569 97082999 104756237 86431762 91714312 10651237 13041925 OUR PURPOSE IS TO SUPPORT THE PEOPLE IN OUR COMMUNITIES; TO ENCOURAGE THEIR LEARNING AND UNDERSTANDING OF THEIR UNIQUE FINANCIAL SITUATIONS AND PROVIDE TOOLS FOR OUR MEMBERS TO REACH THEIR DREAMS. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 2,454 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 7,222 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,024 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 4,995 LOANS RECEIVABLE. false false false false false false false true false true false true false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1808 0 true 37 true true true false false false false false false false X 5 4 false false false false true true true true true false false false true false false false true true true false X KRISTEN MONSON 8776722848 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 NICHOLAS MATHIOWETZ PRES/CEO & S 40.00 X X 126560 0 12481 MILDRED WELLS-BOYER VP LENDING 40.00 X 103891 0 2965 ELIZABETH POPP VP OPERATION 40.00 X 101500 0 4332 WINIFRED KOIVISTO VP ACCOUNTIN 40.00 X 34062 0 972 SUSAN SOWERS CHAIR 0.50 X X 0 0 0 CASSANDRA HAINEY VICE CHAIR 0.50 X X 0 0 0 NANCEE RONNE DIRECTOR 0.50 X 0 0 0 MARY FLEETWOOD DIRECTOR 0.50 X 0 0 0 RYAN REDISKE DIRECTOR 0.50 X 0 0 0 366013 20750 3 false false false THE BOLDT COMPANY BIN 88285 MILWAUKEE WI 53288 CONSTRUCTION 447882 MEMBER ACCESS PROCESSING 450 ALASKAN WAY SOUTH SEATTLE WA 98104 CARD PROCESSING 255768 CU INTERFACE 4125 HIGHLANDER PKWY SUITE 175 RICHFIELD OH 44286 CORE SYSTEM 114594 KASASA PO BOX 527 LUBBOCK TX 79408 REWARDS PRGMS 112365 4 303699 303699 INTEREST ON LOANS 522130 5645266 5645266 MEMBER FEE INCOME 522130 1444819 1444819 OTHER MEMBER RELATED REVENUE 522130 612419 612419 FEE & INSURANCE INCOME 520000 14666 14666 7717170 200816 200816 11346 11346 23220 23220 23220 23220 16924 20500 -3576 -3576 -3576 8252675 7698928 14666 235382 100 1975 366013 1358584 32928 108716 132911 7445 51538 97412 94623 1222956 220280 229862 71677 347665 244990 40338 DIVIDENDS EXPENSE 848730 LOAN LOSS EXPENSE 766894 LOAN SERVICING EXPENSE 116627 GRANT EXPENDITURES 3699 -280857 6085106 0 0 0 2787990 2896652 6466739 7323302 58433 125 72698298 79982716 92570 167313 8890623 2643165 5485622 6247458 8416735 6816276 1076612 1322395 97082999 104756237 1170156 1207535 207376 181285 8000000 7000000 77054230 83325492 86431762 91714312 X 10651237 13041925 10651237 13041925 97082999 104756237 2167569 223119 X false true X false true X 582688 582688 6042247 1318229 4724018 99828 29520 70308 2165860 1295416 870444 6247458 INVESTMENTS WITH MATURITY > 1 YEAR 2642000 C AFS INVESTMENTS MATURITY > 1 YEAR 1946645 F CUSO INVESTMENT - CTS 1000000 C CUOLI INVESTMENT 828864 F CORPORATE CU CAPITAL ACCOUNT 344767 C FHLB STOCK 54000 C 6816276 MEMBER SHARES & DEPOSITS 83506777 ESCROW TO LINE 21 BALANCE SHEET -181285 83325492 X SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS. SCHEDULE D, PAGE 3, PART X AS ALLOWED BY STATE REGULATORY AUTHORITIES, AN AUDIT WAS DONE AS OF JUNE 30, 2023. THEREFORE, THE REPORTING PERIOD OF THE AUDIT DOES NOT MATCH THE CALENDAR YEAR REPORTING PERIOD OF THE 990. THE AUDIT REPORT HAD NOT BEEN ISSUED AS OF THE DATE OF THE FILING OF THIS 990. THEREFORE, THE TAX FOOTNOTE CAN NOT BE INCLUDED IN PART XIII. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS A DRAFT OF THE RETURN FOR ACCURACY, AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS COMPLETED RETURN WITH THE DIRECTORS AT THEIR NEXT BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE PRESIDENT/CEO COMPENSATION AND USES THE SERVICES OF COMPEASE TO DETERMINE THE SALARY RANGE. THIS APPROVAL IS RECORDED IN EXECUTIVE SESSION MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B PRESIDENT/CEO DETERMINES THE COMPENSATON OF THE MANAGEMENT TEAM, AND THE BOARD REVIEWS AS NECESSARY. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON REQUEST. FINANCIALS ARE POSTED IN THE LOBBY AT EACH BRANCH OFFICE.