EIN 41-0653148

Northwoods Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
68
Year formed
1936
Most recent tax filings
2023-12-01
Description
To be the trusted financial partner for our members. Provide Credit Union services to members.
Related structure
Northwoods Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Total revenues
$11,960,002
2023
Total expenses
$11,930,660
2023
Total assets
$172,709,574
2023
Num. employees
68
2023

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

NameTitleCompensation
Douglas C WolfPresident and Chief Executive Officer
Matthew FerrinSenior Vice President and Chief Financial Officer$143,024
Paula OlsenVice President of Accounting
Ann DunaiskiPast Treasurer / Director / Secretary$977
Debbie LarsonTreasurer$920
...and 7 more key personnel

Financials for Northwoods Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$11,172,446
Investment income and dividends$512,538
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,432
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$273,586
Total revenues$11,960,002

Form 990s for Northwoods Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-16990View PDF
2022-122023-07-27990View PDF
2021-122022-09-19990View PDF
2020-122021-06-10990View PDF
2019-122021-06-07990View PDF
...and 13 more Form 990s

Organizations like Northwoods Credit Union

OrganizationLocationRevenue
Southpoint Financial Credit UnionSleepy Eye, MN$21,293,740
Crow Wing Power Credit UnionBrainerd, MN$3,786,281
Ideal Credit UnionWoodbury, MN$48,171,673
Novation Credit UnionOakdale, MN$9,264,760
Hibbing Cooperative Credit UnionHibbing, MN$3,958,152
Co-Op Credit Union of MontevideoMontevideo, MN$13,722,372
Minnesota Power Employees Credit UnionDuluth, MN$6,860,848
My Credit UnionBloomington, MN$18,120,740
Associated Healthcare Credit UnionWoodbury, MN$6,129,567
Leading Edge Credit UnionWorthington, 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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