2024-11-18T11:59:52-07:00 2022-12-31 990 2022-01-01 450279071 AREA SCHOOLS CREDIT UNION AREA 7017722690 2800 S Washington St Grand Forks ND 58201 Eve Booen Director of Operations 7017722690 2024-08-02 1 2022 2024-10-15 13:58:12Z Eve Booen 2800 S Washington St Grand Forks ND 58201 1393920 0 X www.areacommunitycu.com X Credit Union 1958 ND TO PROVIDE A SAVINGS FACILITY AND LOANS AND FINANCIAL SERVICES TO THE APPROX.2828 MEMBERS OF THE CREDIT UNION 6 0 11 9 0 0 0 0 1228827 1329326 51415 64594 0 0 1280242 1393920 0 0 46312 42428 465273 426050 0 0 0 549783 612874 1061368 1081352 218874 312568 27129124 25897356 60514 100641 27068610 25796715 TO PROVIDE A SAVINGS FACILITY AND LOANS AND FINANCIAL SERVICES TO THE APPROX.2077 MEMBERS OF THE CREDIT UNION 0 0 1051352 0 0 mutual financial support 0 0 0 1051352 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 11 1 0 0 0 0 0 0 0 0 X 6 0 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 1 1 1 0 X AREA SCHOOLS CREDIT UNION 7017722690 2800 S WASHINGTON ST GRAND FORKS ND 58201 LONNY NYGREN Exec Director/CEO 40 40.00 X X 76933 0 0 DARYL BRAGG Board Chair 1 0 X 0 0 0 DARIN MITCHELL Board Vice-Chair 1 0 X 0 0 0 Marsha Gunderson Board Member 1 0 X 0 0 0 Kayne Borboa Board Member 1 0 X 0 0 0 Nate Lappagard Board Member 1 0 X 0 0 0 Autumn Vasichek Board Member 1 0 X 0 0 0 76933 0 0 0 0 0 0 0 0 Income from Loans 522130 1002294 1002294 0 0 Fees & Charges 522130 285665 285665 0 0 Insurance Income 522130 946 946 0 0 Service Charge Incom 522130 40421 40421 0 0 0 0 0 0 1329326 64594 64594 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1393920 1393920 0 0 0 0 0 0 0 0 42428 42428 81998 81998 0 0 0 0 0 0 259538 259538 0 0 19189 19189 0 0 39566 39566 0 0 25759 25759 0 0 0 0 0 0 1335 1335 0 0 21467 21467 0 0 0 0 0 0 0 0 0 0 0 0 0 0 63220 63220 0 0 71569 71569 0 0 263265 263265 0 0 0 0 0 0 55923 55923 0 0 24317 24317 0 0 0 0 0 0 3136 3136 0 0 0 0 0 0 16281 16281 0 0 23692 23692 0 0 0 0 0 0 Allowance for Loan Loss 30000 0 30000 0 Loan Service 19731 19731 0 0 Federal Exam 4476 4476 0 0 14462 14462 0 0 1081352 1051352 30000 0 2038394 1529091 6712015 5718012 0 0 17905997 18102006 4921 5990 557614 296458 212938 261156 254859 281101 27129124 25897356 60514 100641 60514 100641 X 0 0 0 0 27068610 25796715 27068610 25796715 27129124 25897356 312568 0 0 0 -1584463 0 X 1 X 1 X 1 0 76000 0 76000 286451 0 186683 99768 0 0 0 0 99054 0 73922 25132 96109 0 35853 60256 261156 Form 990, Part VI, Section A, Line 7a The Credit Union is owned by its members, each member with a savings share account is eligible for one vote at our annual meeting which elects officers to our board. Form 990, Part VI, Section B, Line 11b The Director of Operations and CEO review the form 990. Form 990, Part VI, Section B, Line 15 The Board of Directors decided the compensation. Form 990, Part VI, Section C, Line 19 This information is available upon request The employee that did this left and was not able to train the other employee to do this and then the CEO was fired and the Board did not get things figured out until now.