2025-03-07T15:08:10-05:00 2024-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2024-01-01 410448160 NSP CREDIT UNION NSPC 6512287668 2303 WHITE BEAR AVE N SUITE A MAPLEWOOD MN 55109 CHARLIE YENNI PRESIDENT/CEO 6512287672 2025-03-06 true true BRENT WOOKEY CPA P00062439 6087920843 2025-03-07 X 2024 2025-03-06 01:10:19Z X CHARLIE YENNI 2303 WHITE BEAR AVE N SUITE A MAPLEWOOD MN 55109 2103894 false X MYNSPCU.ORG X 1933 MN TO EARN OUR MEMBERS' TRUST WITH PERSONALIZED SERVICE AND INTEGRITY. 7 7 7 111 0 1827256 1936886 209751 160040 5485 6968 2042492 2103894 1625 1675 0 663120 704565 0 0 1494377 1534276 2159122 2240516 -116630 -136622 42668678 38341337 35347175 30976674 7321503 7364663 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 51 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 2,786 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 30,594 NEW LOANS DURING 2024. AS OF 12/31/24 WE HAD 120,648 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 593 0 true 7 true false false false false false false false false X 7 7 false false true 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 138214 0 40417 TODD RIEBE DIRECTOR 1.50 X 1944 0 0 ALEX AUTIO DIRECTOR 0.50 X 698 0 0 CHRISTINE MCGINNIS TREASURER 0.50 X X 464 0 0 DARREN KARNES DIRECTOR 0.25 X 371 0 0 JENNY BORGERSON RIES SECRETARY 0.25 X X 363 0 0 BRANDON CRAMER CHAIR 0.25 X X 298 0 0 CORY BROWN VICE CHAIR 0.25 X X 263 0 0 142615 40417 1 false true false FIS GLOBAL 347 RIVERSIDE AVE JACKSONVILLE FL 32202 CARD PROCESSING 205195 SHARETEC 101 E WASHINGTON BLVD FORT WAYNE IN 46802 CORE PROCESSOR 126000 2 INTEREST ON LOANS 522130 1489628 1489628 OTHER MEMBER RELATED REVENUE 522130 225549 225549 MEMBER FEE INCOME 522130 221598 221598 FEE & INSURANCE REVENUE 520000 111 111 1936886 160040 160040 6968 6968 2103894 1936775 111 167008 1675 142615 371745 66052 83774 40379 1016 6095 110131 57356 296312 126000 101886 6634 522 98679 15093 LOAN SERVICING EXPENSE 339947 DIVIDENDS EXPENSE 265572 CREDIT LOSS EXPENSE 109033 2240516 0 0 0 144459 162097 5069369 5339133 244179 348291 1753139 1803142 23194651 21531146 278574 381645 1087673 236889 942050 850784 10151140 6810181 418404 388041 472713 726877 42668678 38341337 912830 315459 34434345 30661215 35347175 30976674 X 7321503 7364663 7321503 7364663 42668678 38341337 -136622 179782 X false false 802873 155547 647326 284800 81342 203458 850784 AFS SECURITIES MATURITY > 1 YR 4240017 F CUOLI 1982574 F OTHER INVSTMNTS MATURITY > 1 YR 496000 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 6810181 MEMBER SHARES & DEPOSITS 30177106 LEASE LIABILITY 484109 30661215 X X X false false false CHARLIE YENNI PRESIDENT/CEO 123148 15030 36 19119 21298 178631 CHARIE YENNI PRESIDENT/CEO COLLATERAL ASSIGNMENT SPLIT DOLLAR X 1600000 1803142 false true true 1803142 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 4 DURING 2024 THE NAME OF THE ORGANIZATION WAS CHANGED FROM NORTHERN STATES POWER ST PAUL CREDIT UNION TO NSP CREDIT UNION. ALSO, THE CREDIT UNION ADDED TWO ADDITIONAL SEG'S (SELECT EMPLOYEE GROUP) TO IT'S 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 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 REQUEST. SUMMARY MONTHLY FINANCIAL STATEMENTS ARE POSTED ON THE CREDIT UNION'S WEBSITE.