Nonprofit · EIN 41-0849130
NORTHRIDGE COMMUNITY CREDIT UNION
Tax-exempt · HOYT LAKES, MN 55750
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,687,355 | $7,928,766 | $1,758,589 | $114,306,052 | $99,326,032 | $14,980,020 |
| December 31, 2023 | 990 | $8,252,675 | $6,085,106 | $2,167,569 | $104,756,237 | $91,714,312 | $13,041,925 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $375,266
- of which government grants
- $372,766
- Program service revenue
- $8,916,360
- Investment income
- $345,082
- Royalties
- $11,570
- Net rental income
- $39,077
- Net gain from sales of assets
- -$2,753
- Other revenue
- $50,647
Expenses
- Grants and similar amounts paid
- $1,793
- Compensation of officers, directors and key employees
- $395,220
- Other salaries and wages
- $1,330,770
- Salaries, compensation and benefits (total)
- $2,181,980
- Professional fundraising fees
- $0
- Legal fees
- $11,650
- Accounting fees
- $48,005
- Occupancy
- $221,055
- Depreciation
- $389,697
Balance sheet and other
- Total assets, start of year
- $104,756,237
- Total assets, end of year
- $114,306,052
- Total liabilities, end of year
- $99,326,032
- Net assets, end of year
- $14,980,020
- Land, buildings and equipment
- $6,390,329
- Gross unrelated business income
- $22,566
- Gross receipts
- $9,690,108
- Employees
- 40
- Volunteers
- 6
- Year formed
- 1957
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICHOLAS MATHIOWETZ | PRES/CEO & S Trustee or director, Officer | 40 | $164,236 | $16,403 |
| MILDRED WELLS-BOYER | VP RETAIL SE Officer | 40 | $115,986 | $4,947 |
| ELIZABETH POPP | VP ADMINISTR Officer | 40 | $114,998 | $4,602 |
| RYAN REDISKE | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| SUSAN SOWERS | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| CASSANDRA HAINEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LORI EDSTROM | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NICHOLAS MATHIOWETZ | PRES/CEO & S Trustee or director, Officer | 40 | $126,560 | $12,481 |
| MILDRED WELLS-BOYER | VP LENDING Officer | 40 | $103,891 | $2,965 |
| ELIZABETH POPP | VP OPERATION Officer | 40 | $101,500 | $4,332 |
| WINIFRED KOIVISTO | VP ACCOUNTIN Officer | 40 | $34,062 | $972 |
| SUSAN SOWERS | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| CASSANDRA HAINEY | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| NANCEE RONNE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARY FLEETWOOD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RYAN REDISKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 283 KENNEDY MEMORIAL DR, HOYT LAKES, MN 55750-1121
- Principal officer (990 for 2024)
- NICHOLAS MATHIOWETZ, 921 17TH STREET SOUTH, VIRGINIA, MN 55792
- Signed the 990
- NICHOLAS MATHIOWETZ, PRES/CEO & SEC/TREAS
- Phone
- (877) 672-2848
- Website
- WWW.NRCCU.ORG
- Return prepared by
- BRENT WOOKEY CPA
Mission
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.
Program accomplishments
- THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 2,512 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 7,608 MEMBERS.
- THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,207 NEW LOANS DURING 2024. AS OF 12/31/24 WE HAD 5,202 LOANS RECEIVABLE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0849130
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0708: CREDIT UNIONS IN THE STATE OF MINNESOTA
- Assets (IRS master file)
- $114,306,052
- Income (IRS master file)
- $9,690,108
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,687,355 | $7,928,766 | $114,306,052 | XML |
| 990 | December 2023 | $8,252,675 | $6,085,106 | $104,756,237 | XML |
| 990 | December 2022 | $6,267,768 | $4,825,795 | $97,082,999 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0849130).
Questions about NORTHRIDGE COMMUNITY CREDIT UNION
- What is the EIN of NORTHRIDGE COMMUNITY CREDIT UNION?
- The employer identification number (EIN) of NORTHRIDGE COMMUNITY CREDIT UNION is 41-0849130.
- Is NORTHRIDGE COMMUNITY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to NORTHRIDGE COMMUNITY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTHRIDGE COMMUNITY CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTHRIDGE COMMUNITY CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTHRIDGE COMMUNITY CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTHRIDGE COMMUNITY CREDIT UNION?
- The 990 for the year ended December 31, 2024 names NICHOLAS MATHIOWETZ.
- Who are the officers and directors of NORTHRIDGE COMMUNITY CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $164,236 (NICHOLAS MATHIOWETZ, PRES/CEO & S).
- How much revenue does NORTHRIDGE COMMUNITY CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,687,355, expenses of $7,928,766 and total assets of $114,306,052 at year end.
Other nonprofits in HOYT LAKES
- RANGER SNOWMOBILE-ATV CLUB INC EIN 41-1617479 · last filed 990 for 2025
- UNITED STEELWORKERS EIN 93-4034364 · last filed 990 for 2025
- VETERANS OF FOREIGN WARS DEPT OF MINNESOTA EIN 41-1242469 · last filed 990 for 2024
- HOYT LAKE WATER CARNIVAL COMMITTEE INC EIN 41-1686048 · last filed 990 for 2025
- EAST RANGE SPORTSMENS & CONSERVATION CLUB EIN 72-1604842 · last filed 990-N for 2025
- AUXILIARY DEPARTMENT OF MINNESOTA VETERANS OF FOREIGN WARS EIN 80-0424921 · last filed 990-N for 2025
- MESABI EAST YOUTH HOCKEY EIN 93-1066341 · last filed 990-N for 2025
- AMERICAN FEDERATION OF STATE COUNTY & MUNICIPAL EMPLOYEES EIN 46-3448541 · last filed 990-N for 2025