2023-11-03T15:53:24-04:00 2022-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2022-01-01 410849130 NORTHRIDGE COMMUNITY CREDIT UNION NORT 8776722848 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 NICHOLAS MATHIOWETZ PRES/CEO & SEC/TREAS 2184712121 2023-10-30 true NICOLAS MATHIOWETZ 999009999 false PETER RASMUSSEN P01888997 6083173765 2023-11-03 X 2022 2023-04-26 12:10:37Z NICHOLAS MATHIOWETZ 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 6350611 false X WWW.NRCCU.ORG X CREDITUNION 1957 MN 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. 5 4 36 6 18147 6680 0 5067193 6110428 130341 137560 19839 19780 5224053 6267768 0 0 1451840 1663996 0 0 2347654 3161799 3799494 4825795 1424559 1441973 73708214 97082999 64002640 86431762 9705574 10651237 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. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 4,499 NEW DEPOSIT ACCOUNTS IN 2022. AS OF 12/31/22 WE HAD 6,796 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,405 NEW LOANS DURING 2022. AS OF 12/31/22 WE HAD 5,137 LOANS RECEIVABLE. false false false false false false false true false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 2645 0 true 36 true true true false false false false false false false X 5 4 false false false false true true true true true false false false true false false false true true true false X KRISTEN MONSON 2184712106 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 NICHOLAS MATHIOWETZ PRES/CEO & S 40.00 X X 137831 0 11605 WINIFRED KOIVISTO VP ACCOUNTIN 40.00 X 100846 0 3968 ELIZABETH KALLEVIG VP OPERATION 40.00 X 95535 0 3607 MILDRED WELLS-BOYER VP LENDING 40.00 X 63481 0 2471 SUSAN SOWERS CHAIR 0.50 X X 0 0 0 CASSANDRA HAINEY VICE CHAIR 0.50 X X 0 0 0 NANCEE RONNE DIRECTOR 0.50 X 0 0 0 MARY FLEETWOOD DIRECTOR 0.50 X 0 0 0 397693 21651 2 false false false THE BOLDT COMPANY BIN 88285 MILWAUKEE WI 53288 CONSTRUCTION 2919426 MEMBER ACCESS PROCESSING 20829 72ND AVE S STE 600 KENT WA 98032 CARD PROCESSING 205791 KASASA PO BOX 527 LUBBOCK TX 79408 REWARDS PRGMS 113015 CU INTERFACE 4125 HIGHLANDER PKWY SUITE 175 RICHFIELD OH 44286 CORE SYSTEM 100663 4 INTEREST ON LOANS 522130 4098734 4098734 OTHER MEMBER RELATED REVENUE 522130 1280765 1280765 MEMBER FEE INCOME 522130 712782 712782 FEE & INSURANCE INCOME 520000 18147 18147 6110428 153103 153103 10465 10465 9315 9315 9315 9315 67300 82843 -15543 -15543 -15543 6267768 6076738 18147 172883 397693 1054188 29200 70463 112452 1020 25380 169240 62869 983258 201745 207621 125473 58213 110098 40564 PROVISION FOR LOAN LOSS 801947 DIVIDENDS EXPENSE 237946 LOAN SERVICING EXPENSE 71733 OTHER MISC EXPENSES 64692 4825795 0 0 0 1640471 2787990 4916850 6466739 223 58433 55847074 72698298 51637 92570 7886610 2400988 1891567 5485622 8475837 8416735 884555 1076612 73708214 97082999 429768 1170156 154070 207376 8000000 63418802 77054230 64002640 86431762 X 9705574 10651237 9705574 10651237 73708214 97082999 1441973 -496310 X false false false true X 582688 582688 5532965 1246726 4286239 26728 26720 8 1744229 1127542 616687 5485622 AFS INVESTMENTS MATURITY > 1 YEAR 6015155 F CUSO INVESTMENT - CTS 1000000 C CUOLI INVESTMENT 806813 F CORPORATE CU CAPITAL ACCOUNT 344767 C INVESTMENTS WITH MATURITY > 1 YEAR 250000 C 8416735 MEMBER SHARES & DEPOSITS 77261606 ESCROW TO LINE 21 BALANCE SHEET -207376 77054230 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS A DRAFT OF THE RETURN FOR ACCURACY, AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS COMPLETED RETURN WITH THE DIRECTORS AT THEIR NEXT BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE PRESIDENT/CEO COMPENSATION AND USES THE SERVICES OF COMPEASE TO DETERMINE THE SALARY RANGE. THIS APPROVAL IS RECORDED IN EXECUTIVE SESSION MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B PRESIDENT/CEO DETERMINES THE WAGE OF THE VICE PRESIDENTS, WITH BOARD REVIEW AND APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON REQUEST. FINANCIALS ARE POSTED IN THE LOBBY AT EACH BRANCH OFFICE.