2017-10-27T13:11:58-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2016-01-01 410849130 NORTHRIDGE COMMUNITY CREDIT UNION NORT 2184712121 283 KENNEDY MEMORIAL DR PO BOX 200 HOYT LAKES MN 55750 NICHOLAS MATHIOWETZ PRESIDENT 2184712121 2017-10-17 1 TANYA MEDGAARDEN P01717240 5074347000 67.137.57.251 2017-10-17 09:48:27 CD P F79A0C8ED54C230A76D80D5FC26A9A498163BE26 C1138FE863D41D82DB365D1F214E9163B294EF35 2016 2021-01-29 14:40:06Z NICHOLAS MATHIOWETZ 283 KENNEDY MEMORIAL DR PO BOX 200 HOYT LAKES MN 55750 2926025 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 23 8 15403 -3090 0 0 1882969 1998121 109147 112500 0 0 1992116 2110621 0 0 74335 65948 725169 755547 0 0 0 913377 1184100 1712881 2005595 279235 105026 38439681 40270602 33269105 34945323 5170576 5325279 X OUR CREDIT UNION FAMILY HELPING YOUR FAMILY MAKE POSITIVE CHANGES IN YOUR LIFE. 1 0 DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 9,036 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 4,733 MEMBERS. CONSUMER AND MORTGAGE LOAN INTEREST EARNED ON APPROXIMATELY 3,011 LOANS PROVIDED TO MEMBERSHIP. RECORDED MEMBERS ACCOUNT ACTIVITY AND PROVIDED MEMBER ACCESS TO ACCOUNTS VIA HOME BANKING, 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 1 1 1 0 1 607 0 1 23 1 1 1 0 0 0 0 0 X 5 4 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 X WINNIE KOIVISTO 2184712103 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 MARK LARSON DIRECTOR 1.00 X 0 0 0 NICHOLAS MATHIOWETZ PRESIDENT/CEO/BOARD TREASURER 40.00 X X 79165 0 13630 DENNY HANSON CHAIRPERSON 2.00 X 0 0 0 SUZANNE BOWMAN SECRETARY 2.00 X 0 0 0 LORI SCHULZE VICE CHAIRPERSON 2.00 X 0 0 0 JUSTIN MATTSON DIRECTOR 1.00 X 0 0 0 DEAN WEIBERG DIRECTOR 1.00 X 0 0 0 LUCAS GRESCHNER DIRECTOR 1.00 X 0 0 0 PATRICIA HOLZER DIRECTOR 1.00 X 0 0 0 ANGELA ZAVODNIK DIRECTOR 1.00 X 0 0 0 SHARON NELSON VP OPERATIONS 40.00 X 60711 0 1813 WINNIE KOIVISTO VP ACCOUNTING & FINANCE 40.00 X 73846 0 2193 213722 0 17636 0 0 0 0 FISERV EFT 75 REMITTANCE DR DEPT 1649 CHICAGO IL 606751649 DEBIT CARD PROCESSING 173684 FISERV GALAXY PLUS 5600 CROOKS ROAD TROY MI 48098 ONLINE DATA PROCESSING 126851 2 INTEREST ON LOANS 900099 1376026 1376026 OTHER OPERATING INCOME 900099 386922 386922 FEES & CHARGES 522100 235173 219770 15403 1998121 115434 115434 748038 64432 741000 74404 7038 -9972 -2934 -2934 2110621 1982718 15403 112500 X 65948 231358 435743 11847 27496 49103 249420 470857 140404 48611 246 87192 LOAN LOSS PROVISION 95928 LOAN SERVICING EXPENSE 47405 EMPLOYEE EDUCATION & TR 25569 MISCELLANEOUS EXPENSE 14704 3764 2005595 3069572 3652582 5107 4215 26082020 27471642 45444 61720 3393216 1820441 1621113 1572775 7084982 6965460 22256 0 509187 542208 38439681 40270602 186485 364330 33082620 34580993 33269105 34945323 X 0 0 0 0 5170576 5325279 5170576 5325279 38439681 40270602 105026 49677 0 X 0 0 0 199450 199450 2237508 975750 1261758 5274 4831 443 940934 839860 101074 10050 10050 1572775 OTHER SECURITIES 984006 C AVAILABLE FOR SALE SECURITIES 5981454 F 6965460 MEMBER SHARES, IRA'S, CDS 34580993 34580993 FORM 990, PART III, LINE 2 THE CREDIT UNION ADDED KASASA SAVINGS AND CHECKING PRODUCTS. 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. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE REALITIVES 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 15 THE BOARD USES THE CUNA SALARY GUIDE FOR CREDIT UNIONS UNDER $50 MILLION IN ASSETS DERIVED FROM DATA FROM ACROSS THE UNITED STATES. THE BOARD IS USING THE MIDPOINT PERCENTILE RANGE. PERFORMANCE IS ALSO BASED UPON GOALS OF THE CREDIT UNION AND THE MOST CURRENT EXAM (RATED 1-5). PRESIDENT/CEO REVIEWS KEY PERSONNEL AND SALARY IS DETERMINED FOLLOWING CUNA SALARY/RAISES REPORT. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE ENTRANCE OF EACH LOCATION. FORM 990, PART IX, LINE 11G DATA PROCESSING 132,675. OTHER PROFESSIONAL/OUTSIDE SERVICES 116,745. CU FINANCIAL SERVICES OF MN INC 222 MAIN STREET BIWABIK MN 55708 411985070 INSURANCE AGENCY MN NORTHRIDGE COMMUNITY CREDIT UNION C 100 100 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 CU FINANCIAL SERVICES OF MINNESOTA INC A 1000 FMV