2018-07-17T11:52:54-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2017-01-01 410849130 NORTHRIDGE COMMUNITY CREDIT UNION NORT 2184712121 283 KENNEDY MEMORIAL DR PO BOX 200 HOYT LAKES MN 55750 NICHOLAS MATHIOWETZ PRESIDENT 2184712121 2018-07-10 1 TANYA MEDGAARDEN P01717240 5074347000 2017 2022-09-23 18:48:47Z NICHOLAS MATHIOWETZ 283 KENNEDY MEMORIAL DR PO BOX 200 HOYT LAKES MN 55750 2409789 0 X WWW.NRCCU.ORG X CU 1957 MN TO CONDUCT THE ORDINARY AND NECESSARY BUSINESS OF A CREDIT UNION INVOLVING THE RECEIVING OF SAVINGS OF MEMBERS AND LENDING MONEY TO MEMBERS FOR PROVIDENT PURPOSES. 5 4 24 5 14661 -7112 0 0 1998121 2246990 112500 128769 0 934 2110621 2376693 0 0 65948 68930 755547 861568 0 0 0 1184100 1303894 2005595 2234392 105026 142301 40270602 41293459 34945323 35880964 5325279 5412495 OUR CREDIT UNION FAMILY HELPING YOUR FAMILY MAKE POSITIVE CHANGES IN YOUR LIFE. 0 0 DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 6,279 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 4,765 MEMBERS. CONSUMER AND MORTGAGE LOAN INTEREST EARNED ON APPROXIMATELY 3,190 LOANS PROVIDED TO MEMBERSHIP. RECORDED MEMBERS ACCOUNT ACTIVITY AND PROVIDED MEMBER ACCESS TO ACCOUNTS VIA HOME BANKING, MOBILE APP, ATM NETWORKS, AUTOMATED RESPONSE UNIT (PHONE) AND IN PERSON AT THE CREDIT UNIONS OFFICES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 733 0 1 24 1 1 1 0 0 0 0 0 X 5 4 0 0 0 0 1 1 1 1 1 0 1 1 0 1 0 0 0 1 1 0 0 X WINNIE KOIVISTO 2184712103 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 MARK LARSON SECRETARY 1.00 X X 0 0 0 NICHOLAS MATHIOWETZ PRESIDENT/CEO/DIRECTOR/BOARD TREASURER 40.00 X X 90081 0 7388 DENNY HANSON VICE CHAIR 2.00 X X 0 0 0 LORI SCHULZE CHAIR 2.00 X X 0 0 0 ADAM GRUBA DIRECTOR 1.00 X 0 0 0 SUZANNE BOWMAN SECRETARY 1.00 X X 0 0 0 SHARON NELSON VP OPERATIONS 40.00 X 65383 0 1954 WINNIE KOIVISTO VP ACCOUNTING & FINANCE 40.00 X 77570 0 2304 233034 0 11646 0 0 0 0 FISERV EFT 75 REMITTANCE DR DEPT 1649 CHICAGO IL 606751649 DEBIT CARD PROCESSING 177044 1 INTEREST ON LOANS 900099 1578396 1578396 OTHER OPERATING INCOME 900099 375588 375588 FEES & CHARGES 522100 293006 278345 14661 2246990 141805 141805 582 19478 0 33096 582 -13618 -13036 -13036 OTHER NON-OPERATING IN 900099 934 934 934 2376693 2233263 14661 128769 68930 244679 502655 12382 45338 56514 193054 630809 132292 61576 441 88202 LOAN LOSS PROVISION 102415 LOAN SERVICING EXPENSE 48249 EMPLOYEE EDUCATION & TR 29741 MISCELLANEOUS EXPENSE 13379 3736 2234392 3652582 1930982 4215 5398 27471642 29643880 61720 145602 3484399 1908644 1572775 1575755 6965460 7434379 542208 557463 40270602 41293459 364330 452074 34580993 35428890 34945323 35880964 X 0 0 0 0 5325279 5412495 5325279 5412495 40270602 41293459 142301 -55085 0 X 0 0 0 199450 199450 2247558 1020880 1226678 19328 6440 12888 1018063 881324 136739 1575755 OTHER SECURITIES 1635768 C AVAILABLE FOR SALE SECURITIES 5798611 F 7434379 MEMBER SHARES, IRA'S, CDS 35428890 35428890 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE CREDIT UNION IS COMPOSED OF THOSE PERSONS WHO LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN, AND BUSINESSES AND OTHER LEGAL ENTITIES LOCATED IN ITASCA COUNTY, LAKE COUNTY, AND ST LOUIS COUNTY, MINNESOTA AND ARE WITHIN THE FOLLOWING GEOGRAPHICAL AREA BOUNDARY LINES: A LINE RUNNING EAST AND WEST FROM A POINT 50 MILES NORTH AND SOUTH OF LOT 3, BLOCK 4, REARRANGEMENT PART LOT 2, BLOCK 13, HOYT LAKES SUBDIVISION 3 THROUGH ST. LOUIS COUNTY, LAKE COUNTY, AND ALL OF ITASCA COUNTY, MINNESOTA AND SUBSCRIBE TO AT LEAST ONE SHARE AS DESIGNATED BY THE BOARD OF DIRECTORS (HEREAFTER 'BOARD'), PAY THE INITIAL INSTALLMENT THEREON AND THE ENTRANCE FEE IF ANY. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OR EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP. EACH SHARE HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B BYLAWS MAY BE AMENDED BY A VOTE OF THE MEMBERS USING PROCESSES SET FORTH IN THE BYLAWS OR THE BOARD MAY AMEND THE BYLAWS BY TWO-THIRDS VOTE AND REPORT SUCH AMENDMENTS TO THE MEMBERS AT THE NEXT ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 WAS REVIEWED BY THE PRESIDENT/TREASURER AND THE VICE PRESIDENT OF ACCOUNTING AND FINANCE. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S SALARY IS DETERMINED BY USING THE CUNA SALARY GUIDE FOR CREDIT UNIONS UNDER $50 MILLION IN ASSETS DERIVED FROM DATA ACROSS THE UNITED STATES. THE BOARD (LESS THE CEO) USES THE MIDPOINT PERCENTILE RANGE. PERFORMANCE IS ALSO BASED UPON GOALS OF THE CREDIT UNION AND THE MOST CURRENT EXAM (RATED 1-5). CEO'S COMPENSATION WAS REVIEWED AND APPROVED BY INDEPEDENT BOARD MEMBERS AND DOCUMENTED IN BOARD MINUTES. THE PRESIDENT/CEO REVIEWS KEY PERSONNEL AND SALARY IS DETERMINED FOLLOWING CUNA SALARY/RAISES REPORT. COMPENSATION OF MANAGEMENT (EXCEPT CEO) IS NOT DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE ENTRANCE OF EACH LOCATION.