2024-03-01T13:36:15-05:00 2023-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2023-01-01 410448160 NORTHERN STATES POWER ST PAUL CREDIT UNION NORT 6512287668 2303 WHITE BEAR AVE N SUITE A MAPLEWOOD MN 55109 CHARLIE YENNI PRESIDENT/CEO 6512287672 2024-03-01 true CHARLIE YENNI 999009999 false BRENT WOOKEY CPA P00062439 6087920843 2024-03-01 X 2023 2023-04-26 12:10:37Z CHARLIE YENNI 2303 WHITE BEAR AVE N SUITE A MAPLEWOOD MN 55109 2042492 false X WWW.MYNSPCU.ORG X 1933 MN TO EARN OUR MEMBERS' TRUST WITH PERSONALIZED SERVICE AND INTEGRITY. 7 7 9 485 479 0 1791911 1827256 208860 209751 5334 5485 2006584 2042492 5215 1625 0 616880 663120 0 0 1148241 1494377 1770336 2159122 236248 -116630 45122737 42668678 37868067 35347175 7254670 7321503 TO EARN OUR MEMBERS' TRUST WITH PERSONALIZED SERVICE AND INTEGRITY. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 73 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 2,890 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 28,112 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 114,346 OUTSTANDING LOANS RECEIVABLE. false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 645 0 true 9 true false 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 false false X CHARLIE YENNI 6512287668 2303 WHITE BEAR AVE N SUITE A MAPLEWOOD MN 55109 CHARLIE YENNI PRESIDENT/CE 50.00 X 117618 0 37200 TODD RIEBE TREASURER 1.50 X X 2020 0 0 ALEX AUTIO DIRECTOR 0.75 X 893 0 0 DARREN KARNES DIRECTOR 0.40 X 492 0 0 JENNY BORGERSON RIES SECRETARY 0.40 X X 465 0 0 CHRISTINE MCGINNIS DIRECTOR 0.30 X 428 0 0 BRANDON CRAMER CHAIR 0.25 X X 384 0 0 CORY BROWN VICE CHAIR 0.25 X X 350 0 0 122650 37200 1 false true false SHARETEC 101 E WASHINGTON BLVD FORT WAYNE IN 46802 CORE PROCESSOR 137079 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 CARD PROCESSING 123857 2 INTEREST ON LOANS 522130 1374148 1374148 MEMBER FEE INCOME 522130 233134 233134 OTHER MEMBER RELATED REVENUE 522130 219489 219489 FEE & INSURANCE REVENUE 520000 485 485 1827256 200400 200400 5485 5485 9351 9351 9351 9351 2042492 1836122 485 205885 1625 122650 369074 58948 75124 37324 3924 6065 105143 58721 294049 137079 101575 3550 12235 110782 14413 LOAN SERVICING EXPENSE 363673 DIVIDENDS EXPENSE 243609 PROVISN LOAN LOSS 39559 2159122 0 0 0 149263 144459 3286834 5069369 337133 244179 1704559 1753139 23591561 23194651 331232 278574 1080259 138209 958791 942050 13851980 10151140 446181 418404 465203 472713 45122737 42668678 828988 912830 406270 36632809 34434345 37868067 35347175 X 7254670 7321503 7254670 7321503 45122737 42668678 -116630 183463 X false false 795460 85781 709679 284799 52428 232371 942050 AFS SECURITIES MATURITY > 1 YR 5508579 F CUOLI 1822971 F HTM SECURITIES MATURITY > 1YR 1736000 C OTHER INVSTMNTS MATURITY > 1 YR 992000 C TCT RISK SOLUTIONS CUSO 26600 C SERVION GROUP CUSO 25000 C CO-OP FINANCIAL SVCS CUSO 20000 C MEMBERSHIP PIC ALLOYA CORP FCU 19990 C 10151140 MEMBER SHARES & DEPOSITS 34434345 34434345 X X X false false false CHARLIE YENNI PRESIDENT/CEO 117582 36 17342 19858 154818 CHARIE YENNI PRESIDENT/CEO COLLATERAL ASSIGNMENT SPLIT DOLLAR X 1600000 1753139 false true true 1753139 SCHEDULE L, PART V THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT THE IRS REFERS TO AS COLLATERAL ASSIGNMENT SPLIT DOLLAR (CASD). ALTHOUGH THE IRS REQUIRES REPORTING IN PART II ABOVE FOR LOANS TO INTERESTED PERSONS, CASD IS NOT AN ACTUAL LOAN. THERE IS NEITHER A TRANSFER OF FUNDS TO THE PARTICIPANT NOR AN OBLIGATION FOR THE PARTICIPANT TO PAY THOSE FUNDS BACK. INSTEAD, THE CREDIT UNION RECOVERS ITS OUTLAYS PLUS INTEREST FROM THE UNDERLYING POLICY. 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 THE PRESIDENT PROVIDES DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. THE PRESIDENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE COMPENSATION FOR THE PRESIDENT/CEO. APPROVAL IS NOTED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON RQUEST. SUMMARY MONTHLY FINANCIAL STATMENTS ARE POSTED ON THE CREDIT UNION'S WEBSITE.