2025-04-24T14:00:13-04:00 2024-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2024-01-01 391020766 NORTHWOODS COMMUNITY CREDIT UNION NORT 7157623208 PO BOX 369 PARK FALLS WI 54552 SALLY ZOESCH PRESIDENT/CEO 7157623208 2025-04-16 true true BRENT WOOKEY CPA P00062439 6087920843 2025-04-24 X 2024 2025-03-06 01:10:19Z SALLY ZOESCH PO BOX 369 PARK FALLS WI 54552 4920191 false X NORTHWOODSCU.COM X 1953 WI PROVIDING FINANCIAL SECURITY AND OUTSTANDING SERVICE FOR OUR MEMBERS. 7 7 33 18 3335 15000 0 3784758 4152975 271747 628288 21878 22870 4093383 4804133 7089 3148 0 1694451 1817704 0 0 1966334 2335536 3667874 4156388 425509 647745 89100475 94517239 80591611 85249249 8508864 9267990 PROVIDING FINANCIAL SECURITY AND OUTSTANDING SERVICE FOR OUR MEMBERS. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 1,344 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 8,350 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 692 LOANS DURING 2024. AS OF 12/31/24 WE HAD 4,406 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 true false false false false false false false false false false false false false false true 1952 0 true 33 true true true false false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true true false X SALLY ZOESCH 7157623208 PO BOX 369 PARK FALLS WI 54552 SALLY ZOESCH PRESIDENT/CE 40.00 X 115909 0 51483 TERESA GEHRMAN EXEC VICE PR 40.00 X 101032 0 45143 MIRAND WACHOWSKI VICE PRESIDE 40.00 X 68403 0 4931 CHRIS SIMON CHAIR 1.00 X X 0 0 0 ROGER STRAND VICE CHAIR 1.00 X X 0 0 0 JOAN COOLEY TREASURER 1.00 X X 0 0 0 MARGARET MORGAN SECRETARY 1.00 X X 0 0 0 JIM BRAUN DIRECTOR 1.00 X 0 0 0 JENNIFER EUCLIDE DIRECTOR 1.00 X 0 0 0 DARLA ISHAM DIRECTOR 1.00 X 0 0 0 BRANDON BAY DIRECTOR 1.00 X 0 0 0 KATIE WEINBERGER DIRECTOR 1.00 X 0 0 0 285344 101557 2 false true false FIRST DATAFISERV PROCESSING INC 1100 CARR ROAD WILMINGTON DE 19809 DEBIT CARD PROC 253794 NEW ERA TECHNOLOGYRMM PO BOX 23807 NEW YORK NY 10008 IT SERVICES 181241 SHARE ONE 1790 KRIBY PKWY 200 MEMPHIS TN 38138 CORE SYSTEM 125427 3 INTEREST ON LOANS 522130 3473300 3473300 OTHER MEMBER RELATED REVENUE 522130 364012 364012 MEMBER FEE INCOME 522130 312328 312328 FEE & INSURANCE INCOME 520000 3335 3335 4152975 643242 643242 10035 10035 12835 12835 12835 12835 101104 116058 -14954 -14954 -14954 4804133 4134686 3335 666112 3148 285344 1134761 45979 243222 108398 3892 30667 24980 50146 316351 263503 174999 5497 37344 104697 41484 DIVIDENDS EXPENSE 597382 DEBIT/CREDIT CARD EXPENSE 337204 LOAN SERVICING EXPENSE 196577 CREDIT LOSS EXPENSE 150813 4156388 0 0 0 1467475 1216821 8169657 17123387 65111976 55757186 322216 237559 4454525 2057965 2368223 2396560 10639916 16856612 1021012 929114 89100475 94517239 570809 535666 227363 224231 79793439 84489352 80591611 85249249 X 8508864 9267990 8508864 9267990 89100475 94517239 647745 111381 X false false false true X 606239 606239 2460715 1048835 1411880 1387571 1009130 378441 2396560 INVESTEMENTS W/MATURITY > 1 YR 13084000 C CORP CENTRAL CU FLEX ACCOUNT 2750000 C CAPITAL ACCOUNTS CORPORATE CU 716434 C AFS INVESTMNTS W/ MATURITY > 1 YEAR 239709 F FHLB STOCK 63700 C CSCU INVESTMENT 1769 C WISCUB 1000 C 16856612 MEMBER SHARES & DEPOSITS 84710075 ALLOWANCE OFF BAL SHEET CREDIT LOSS 3508 ESCROW ACCTS TO LINE 21 BAL SHEET -224231 84489352 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. X X X false false false SALLY ZOESCH PRESIDENT/CEO 114168 1150 591 4544 46939 167392 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 CPA WHO PREPARES THE RETURN. THE PRESIDENT/CEO REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. THE RETURN IS MADE AVAILABLE TO THE BOARD AFTER IT HAS BEEN BEEN FILED. FORM 990, PAGE 6, PART VI, LINE 12C POLICY IS REVIEWED WITH EMPLOYEES AT HIRE, ANNUALLY, AND IF NEEDED DURING THE YEAR. POLICY REVIEWED WITH THE BOARD OF DIRECTORS ANNUALLY AND/OR AS NEEDED THROUGHOUT THE YEAR. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS PERSONNEL COMMITTEE (EXCLUDING THE PRESIDENT) PERFORMS A REVIEW AND MAKES A RECOMMENDATION FOR COMPENSATION FOR THE PRESIDENT. THIS IS INCLUDED IN THE BUDGET FOR THE FOLLOWING YEAR. THE BUDGET IS PRESENTED TO THE FULL BOARD. APPROVAL OF THE BUDGET IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT REVIEWS THE COMPENSATION FOR THE EMPLOYEES AND PRESENTS HER RECOMMENDATIONS TO THE PERSONNEL COMMITTEE WHICH CONSISTS OF FOUR BOARD MEMBERS AND THE PRESIDENT. COMPENSATION AMOUNTS ARE INCLUDED IN THE BUDGET FOR THE FOLLOWING YEAR. THE BUDGET IS PRESENTED TO THE FULL BOARD. APPROVAL OF THE BUDGET IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED AT LEAST ANNUALLY AT OUR PHYSICAL OFFICES.