2021-10-13T16:32:50-05:00 2020-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2020-01-01 410849130 NORTHRIDGE COMMUNITY CREDIT UNION NORT 2184712121 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 NICHOLAS MATHIOWETZ PRES/CEO & SEC/TREAS 2184712121 2021-10-13 true NICOLAS MATHIOWETZ 999009999 PETER RASMUSSEN P01888997 6083173765 2021-10-13 X 2020 2022-09-23 18:48:47Z NICHOLAS MATHIOWETZ 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 4278234 false X WWW.NRCCU.ORG X CREDITUNION 1957 MN TO PROMOTE THRIFT AMONG OUR MEMBERS, AND TO CREATE A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATES OF INTEREST. 3 2 36 6 17645 10000 18000 3524506 4109777 164454 118844 20284 19360 3719244 4265981 1000 0 1168748 1244996 0 0 1877815 2186535 3046563 3432531 672681 833450 55500581 64225268 48033682 55849347 7466899 8375921 TO PROMOTE THRIFT AMONG OUR MEMBERS, AND TO CREATE A SOURCE OF CREDIT FOR THEM AT FAIR AND REASONABLE RATES OF INTEREST. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 1,412 NEW DEPOSIT ACCOUNTS IN 2020. AS OF 12/31/20 WE HAD 6,293 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,087 NEW LOANS TO OUR MEMBERS DURING 2020. AS OF 12/31/20 WE HAD 4,510 LOANS TO OUR MEMBERS. 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 1933 0 true 36 true true true false false false false false false false X 3 2 false false true false true true true true true false false false true false false false true true false false X WINNIE KOIVISTO 2184712121 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 NICHOLAS MATHIOWETZ PRES/CEO & S 40.00 X X 108797 0 21532 WINNIE KOIVISTO VP ACCOUNTIN 40.00 X 87203 0 3839 ELIZABETH KALLEVIG VP OPERATION 40.00 X 71601 0 3368 KEVIN KUBAT VP LENDING 40.00 X 58757 0 2861 ADAM GRUBA CHAIR 0.50 X X 0 0 0 LORI SCHULZE CHAIR (PRIOR 0.50 X X 0 0 0 CASSANDRA HAINEY VICE CHAIR 0.50 X X 0 0 0 DENNIS HANSON VICE CHAIR ( 0.50 X X 0 0 0 SUE SOWERS DIRECTOR 0.50 X 0 0 0 326358 31600 1 false false false COMPUDYNE 1524 EAST 37TH ST HIBBING MN 55746 IT SERVICES 119710 FISERV PO BOX 934057 ATLANTA GA 31193 CARD PROCESSING 108643 CU INTERFACE 1100 CAMPUS DRIVE STOW OH 44224 CORE SYSTEM 108077 KASASA 4516 SENTON CTR PKWY AUSTIN TX 78759 REWARDS PRGMS 100841 4 10000 8000 18000 INTEREST ON LOANS 522130 3064266 3064266 MEMBER FEE INCOME 522130 738035 738035 OTHER MEMBER RELATED REVENUE 522130 289831 289831 FEE & INSURANCE INCOME 520000 17645 17645 4109777 111486 111486 6200 6200 13160 13160 13160 13160 19611 12253 7358 7358 7358 4265981 4099490 17645 130846 1000 326358 752019 23726 70164 72729 4488 21868 103479 55127 805351 261467 174308 77255 217 134700 27984 PROVISION FOR LOAN LOSS 335392 DIVIDENDS EXPENSE 122425 LOAN SERVICING EXPENSE 45474 GRANT EXPENDITURES 17000 3432531 0 0 0 1637777 1970101 1862441 5949777 246 193 46188857 48869525 156169 48739 3695541 2240208 1525646 1455333 3407148 5096715 722297 834885 55500581 64225268 319292 305332 73977 99457 353661 47286752 55444558 48033682 55849347 X 7466899 8375921 7466899 8375921 55500581 64225268 833450 75572 X false false false true X 199450 199450 2272261 1158460 1113801 26728 25673 1055 1197102 1056075 141027 1455333 AFS INVESTMENTS MATURITY > 1 YEAR 3786527 F INVESTMENTS WITH MATURITY > 1 YEAR 709092 C CUOLI INVESTMENT 516329 F CORPORATE CU CAPITAL ACCOUNT 84767 C 5096715 MEMBER SHARES & DEPOSITS 55544015 ESCROW TO LINE 21 BALANCE SHEET -99457 55444558 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 4 DURING 2020 WE UPDATED OUR BYLAWS BY ADOPTING THE 2020 MINNESOTA MODEL BYLAWS. WE ALSO EXPANDED OUR FIELD OF MEMBERSHIP. 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 THE DRAFT OF THE RETURN FOR ACCURACY, AND THEN AUTHORIZES THE PREPARER TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE 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 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON REQUEST. FINANCIALS ARE POSTED IN THE LOBBY AT EACH BRANCH OFFICE.