Program areas at Northwoods Credit Union
Served 11,711 members - paid over $1,349,000 in dividends
8,940 outstanding member loans totaling $118,895,003 on december 31, 2023 - granted 3,366 loans to members totaling $54,979,165 in 2023 - members paid over $7,683,358 in loan interest throughout 2023
Personnel at Northwoods Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Douglas C Wolf | President and Chief Executive Officer | | 2024-07-16 |
| Matthew Ferrin | Senior Vice President and Chief Financial Officer | $143,024 | 2023-12-31 |
| Paula Olsen | Vice President of Accounting | | 2022-09-19 |
| Ann Dunaiski | Past Treasurer / Director / Secretary | $977 | 2021-12-31 |
| Debbie Larson | Treasurer | $920 | 2024-10-02 |
| ...and 7 more key personnel |
Financials for Northwoods Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $11,172,446 | $10,080,951 | 10.8% |
| Investment income and dividends | $512,538 | $151,593 | 238.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $1,432 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $273,586 | $1,141,476 | -76% |
| Total revenues | $11,960,002 | $11,374,020 | 5.2% |
Organizations like Northwoods Credit Union
| Organization | Type | Location | Revenue |
|---|
| Southpoint Financial Credit Union | 501(c)(14) | Sleepy Eye, MN | $21,293,740 |
| Crow Wing Power Credit Union | 501(c)(14) | Brainerd, MN | $3,786,281 |
| Ideal Credit Union | 501(c)(14) | Woodbury, MN | $48,171,673 |
| Novation Credit Union | 501(c)(14) | Oakdale, MN | $9,264,760 |
| Hibbing Cooperative Credit Union | 501(c)(14) | Hibbing, MN | $3,958,152 |
| Co-Op Credit Union of Montevideo | 501(c)(14) | Montevideo, MN | $13,722,372 |
| Minnesota Power Employees Credit Union | 501(c)(14) | Duluth, MN | $6,860,848 |
| My Credit Union | 501(c)(14) | Bloomington, MN | $18,120,740 |
| Associated Healthcare Credit Union | 501(c)(14) | Woodbury, MN | $6,129,567 |
| Leading Edge Credit Union | 501(c)(14) | Worthington, MN | $7,569,554 |
Data update history
September 23, 2024
Updated personnel
Identified 2 new personnel
August 29, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 28, 2024
Updated personnel
Identified 2 new personnel
August 25, 2024
Used new vendors
Identified 2 new vendors, including , and
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
No characteristics found
General information
- Address
- 1702 Ave B
- Cloquet, MN 55720
- Metro area
- Duluth, MN-WI
- County
- Carlton County, MN
- Website URL
- northwoodscu.org/
- Phone
- (218) 879-4181
- Facebook page
- NorthwoodsCreditUnion
IRS details
- EIN
- 41-0653148
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1936
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Child within group exemption
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