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Nonprofit · EIN 45-0279071

AREA SCHOOLS CREDIT UNION

Tax-exempt · GRAND FORKS, ND 58201

Financials

$1.4M$1.1M2022$1.4M$1.3M2023$1.7M$1.7M2024$1.7M$1.7M2025
Revenue Expenses · by fiscal year end
Financials of AREA SCHOOLS CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,678,108$1,676,113$1,995$27,126,029$155,377$26,970,652
December 31, 2024990$1,744,048$1,725,634$18,414$26,537,389$159,404$26,377,985
December 31, 2023990$1,408,377$1,349,330$59,047$26,192,112$252,678$25,939,434
December 31, 2022990$1,393,920$1,081,352$312,568$25,897,356$100,641$25,796,715
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,336,053
Investment income
$342,055
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$272,719
Compensation of officers, directors and key employees
$117,517
Other salaries and wages
$372,395
Salaries, compensation and benefits (total)
$612,193
Professional fundraising fees
$0
Legal fees
$6,592
Accounting fees
$35,490
Occupancy
$37,049
Travel
$10,174
Depreciation
$27,292
Program services (functional)
$1,586,113
Management and general (functional)
$90,000

Balance sheet and other

Total assets, start of year
$26,537,389
Total assets, end of year
$27,126,029
Total liabilities, end of year
$155,377
Net assets, end of year
$26,970,652
Land, buildings and equipment
$232,509
Gross receipts
$1,678,108
Employees
12
Volunteers
9
Year formed
1958
State of legal domicile
ND

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Constance JohnstonCEO
Trustee or director, Key employee
40$112,500
Jonathan VoneshBoard Chair
Institutional trustee
0$0
Kevin NiceswangerVice-Chair
Institutional trustee
0$0
Shea GaierBoard Member
Institutional trustee
0$0
Atif MohammadBoard Member
Institutional trustee
0$0
Desiree PetersonBoard Member
Institutional trustee
0$0
Kelly SanderBoard Member
Institutional trustee
0$0
Scott NelsonBoard Member
Institutional trustee
0$0
Joe GarceauBoard Member
Institutional trustee
0$0
Lynn KadlecBoard Member
Institutional trustee
0$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
Constance JohnstonCEO
Trustee or director, Officer, Key employee
40$110,195
Jonathan VoneshBoard Chair
Institutional trustee
0$0
Kevin NiceswangerVice-Chair
Institutional trustee
0$0
Arlene GundersonBoard Member
Institutional trustee
0$0
Atif MohammadBoard Member
Institutional trustee
0$0
Desiree PetersonBoard Member
Institutional trustee
0$0
Marsha GundersonBoard Member
Institutional trustee
0$0
Dustin SalentinyBoard Member
Institutional trustee
0$0
Joe CamposBoard Member
Institutional trustee
0$0
Aleksandar TodorovicBoard Member
Institutional trustee
0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
Kelly HisekCEO
Trustee or director, Officer, Key employee
40$104,437
Constance JohnstonCEO
Trustee or director, Officer, Key employee
40$2,706
Joe CamposBoard Chair
Institutional trustee
1$0
Arlene GundersonVice-Chair
Institutional trustee
1$0
Dustin SalentinyBoard Member
Institutional trustee
1$0
Jonathan VoneshBoard Member
Institutional trustee
1$0
Kevin NiceswangerBoard Member
Institutional trustee
1$0
990 for the year ended December 31, 2022: 7 people
NameTitleHours / weekCompensation
LONNY NYGRENExec Director/CEO
Trustee or director, Key employee
40$76,933
DARYL BRAGGBoard Chair
Institutional trustee
1$0
DARIN MITCHELLBoard Vice-Chair
Institutional trustee
1$0
Marsha GundersonBoard Member
Institutional trustee
1$0
Kayne BorboaBoard Member
Institutional trustee
1$0
Nate LappagardBoard Member
Institutional trustee
1$0
Autumn VasichekBoard Member
Institutional trustee
1$0

Address and contacts

Address (IRS master file)
2800 S WASHINGTON ST, GRAND FORKS, ND 58201-6748
Principal officer (990 for 2025)
Eve Booen, 2800 S Washington Street, Grand Forks, ND 58201
Signed the 990
Eve Booen, Director of Operations
Phone
(701) 772-2690

Mission

TO PROVIDE A SAVINGS FACILITY AND LOANS AND FINANCIAL SERVICES TO THE APPROX.2077 MEMBERS OF THE CREDIT UNION

990 for the year ended December 31, 2025

Program accomplishments

  • mutual financial support
    Expenses $1,586,113

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-0279071
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1959
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$27,126,029
Income (IRS master file)
$1,678,108

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,678,108$1,676,113$27,126,029XML
990December 2024$1,744,048$1,725,634$26,537,389XML
990December 2023$1,408,377$1,349,330$26,192,112XML
990December 2022$1,393,920$1,081,352$25,897,356XML
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 45-0279071).

Questions about AREA SCHOOLS CREDIT UNION

What is the EIN of AREA SCHOOLS CREDIT UNION?
The employer identification number (EIN) of AREA SCHOOLS CREDIT UNION is 45-0279071.
Is AREA SCHOOLS CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1959.
Are donations to AREA SCHOOLS CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does AREA SCHOOLS 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 AREA SCHOOLS CREDIT UNION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AREA SCHOOLS CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of AREA SCHOOLS CREDIT UNION?
The 990 for the year ended December 31, 2025 names Eve Booen.
Who are the officers and directors of AREA SCHOOLS CREDIT UNION?
The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $112,500 (Constance Johnston, CEO).
How much revenue does AREA SCHOOLS CREDIT UNION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,678,108, expenses of $1,676,113 and total assets of $27,126,029 at year end.

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