2020-10-08T19:00:25-05:00 2019-12-31 811697509 AUDIT THREESIXTY 1202 JOHNSON ST ONALASKA WI 546502008 990 2019-01-01 410849130 NORTHRIDGE COMMUNITY CREDIT UNION NORT 2184712121 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 NICHOLAS MATHIOWETZ PRES/CEO & SEC/TREAS 2184712121 2020-10-07 true PETER RASMUSSEN P01888997 6083173765 2020-10-08 X 97.88.144.85 2020-10-08 19:00:25 CD P 5FA08F3168DAA0B72D4E7F0D679A1E851BDE6807 5FA08F3168DAA0B72D4E7F0D679A1E851BDE6807 2019 2021-04-22 16:20:28Z NICHOLAS MATHIOWETZ 283 KENNEDY MEMORIAL DRIVE HOYT LAKES MN 55750 7263624 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. 5 4 32 8 17216 10000 2751278 3524506 150683 164454 20284 2901961 3719244 0 65653 0 1027887 1168748 0 0 1432560 1877815 2526100 3046563 375861 672681 44115746 55500581 38389891 48033682 5725855 7466899 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 3,250 NEW DEPOSIT ACCOUNTS IN 2019. AS OF 12/31/19 WE HAD 6,125 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,538 NEW LOANS TO OUR MEMBERS DURING 2019. AS OF 12/31/19 WE HAD 4,426 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 1725 0 true 32 true true true false false false false false false false X 5 4 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 LORI SCHULZE CHAIR 2.00 X X 0 0 0 DENNY HANSON VICE CHAIR 1.00 X X 0 0 0 MARK LARSON DIRECTOR 1.00 X 0 0 0 ADAM GRUBA DIRECTOR 1.00 X 0 0 0 DOUGLAS AHLGREN DIRECTOR 1.00 X 0 0 0 NICHOLAS MATHIOWETZ PRES/CEO & S 50.00 X X 102403 0 21075 WINNIE KOIVISTO VP ACCOUNTIN 45.00 X 81938 0 3681 ELIZABETH KALLEVIG VP OPERATION 45.00 X 62636 0 3099 246977 27855 1 false false false FISERV PO BOX 934057 ATLANTA GA 31193 EFT & CARD SVCS 247717 COMPUDYNE 1524 EAST 37TH ST HIBBING MN 55746 IT SERVICES 127675 CU INTERFACE 1100 CAMPUS DRIVE STOW OH 44224 CORE SYSTEM 103723 3 10000 10000 INTEREST ON LOANS 522130 2568940 2568940 MEMBER FEE INCOME 522130 728636 728636 OTHER MEMBER RELATED REVENUE 522130 209714 209714 NON-MEMBER ATM FEES 522130 11016 11016 MECH REPAIR INSUR INCOME 524298 6200 6200 3524506 185577 185577 3724 3724 16560 16560 16560 16560 3523257 3544380 -21123 -21123 -21123 3719244 3486167 17216 205861 246977 745284 23781 71872 80834 60874 42335 769657 187015 155898 92978 8908 102606 29138 PROVISION FOR LOAN LOSS 300976 DIVIDENDS EXPENSE 70322 LOAN SERVICING EXPENSE 47108 GRANT EXPENDITURES 10000 3046563 0 0 0 1818742 1637777 1862441 258 246 33452857 46188857 112916 156169 3631154 2105508 1520228 1525646 6630875 3407148 579870 722297 44115746 55500581 314757 319292 73977 53828 353661 38021306 47286752 38389891 48033682 X 5725855 7466899 5725855 7466899 44115746 55500581 X 672681 116977 951386 X false false false true X 199450 199450 2266458 1111767 1154691 26728 18171 8557 1138518 975570 162948 1525646 AFS INVESTMENTS MATURITY > 1 YEAR 1665820 F INVESTMENTS WITH MATURITY > 1 YEAR 1400684 C CUOLI INVESTMENT 255877 F CORPORATE CU CAPITAL ACCOUNT 84767 C 3407148 MEMBER SHARES & DEPOSITS 47360729 ESCROW TO LINE 21 BALANCE SHEET -73977 47286752 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 2019 THE BY-LAWS WERE UPDATED TO REDUCE THE NUMBER OF DIRECTORS FROM SEVEN TO FIVE, AND TO ALLOW THE ANNUAL MEETING TO BE HELD AT ANY TIME DURING THE YEAR. 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. FORM 990, PAGE 6, PART VI, LINE 15A THE FULL BOARD (MINUS THE CEO WHO IS PRESENTLY A BOARD MEMBER) DETERMINES THE CEO COMPENSATION. CUNA AND COMPEASE SALARY DATA ARE USED AS PART OF THE PROCESS. THE BOARD APPROVES THE COMPENSATION IN AN EXECUTIVE SESSION. APPROVAL IS RECORDED IN THE EXECUTIVE SESSION 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. FORM 990, PART XI, LINE 9 EQUITY FROM MERGER 951,386