Form 990 for tax year 2024
Filed by NORTH STAR COMMUNITY CREDIT UNION.
Totals
- Total revenue
- $29,836,143
- Total expenses
- $28,015,671
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $23,405,453
- Investment income
- $2,139,746
- Other revenue
- $4,290,944
- Total assets, end of year
- $459,255,400
- Total liabilities, end of year
- $405,411,792
- Net assets or fund balances, end of year
- $53,843,608
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: INCOME FROM LOANS
total $23,405,453 · related or exempt $23,405,453
-
3 · Investment income
total $2,139,746 · excluded $2,139,746
-
11a · Other revenue: MISCELLANEOUS OPERATING INCOME
total $2,178,379 · related or exempt $2,178,379
-
11b · Other revenue: FEES & CHARGES
total $2,112,565 · related or exempt $2,007,565 · unrelated business $105,000
-
11e · Other revenue, total
$4,290,944
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,128,246
-
7 · Other salaries and wages
total $6,089,200
-
9 · Other employee benefits
total $1,407,616
-
10 · Payroll taxes
total $544,146
-
11b · Fees: legal
total $87,562
-
11f · Fees: investment management
total $12,690
-
11g · Fees: other
total $2,306,033
-
12 · Advertising and promotion
total $541,772
-
13 · Office expenses
total $957,668
-
16 · Occupancy
total $355,354
-
17 · Travel
total $164,259
-
19 · Conferences, conventions and meetings
total $39,245
-
20 · Interest
total $10,372,386
-
21 · Payments to affiliates
total $60,884
-
22 · Depreciation, depletion and amortization
total $691,633
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $2,100,000
-
24b · Other expenses: LOAN SERVICE
total $674,803
-
24c · Other expenses: MISCELLANEOUS
total $206,784
-
24d · Other expenses: EXAM FEES
total $204,000
-
24e · All other expenses
total $71,390
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,945,167 · end of year $6,607,900
-
2 · Savings and temporary cash investments
beginning of year $34,697,996 · end of year $13,179,924
-
4 · Accounts receivable
beginning of year $1,344 · end of year $1,143
-
5 · Loans and receivables from officers and key people
beginning of year $3,785,867 · end of year $3,785,867
-
7 · Other notes and loans receivable
beginning of year $351,268,854 · end of year $340,146,144
-
9 · Prepaid expenses and deferred charges
beginning of year $2,713,717 · end of year $2,627,136
-
10a · Land, buildings and equipment: cost or other basis
$20,032,209
-
10b · Land, buildings and equipment: accumulated depreciation
$5,909,605
-
10c · Land, buildings and equipment, net
beginning of year $10,998,675 · end of year $14,122,604
-
13 · Investments: program-related
beginning of year $61,988,427 · end of year $61,713,028
-
14 · Intangible assets
beginning of year $2,776,594 · end of year $2,680,964
-
15 · Other assets
beginning of year $12,839,003 · end of year $14,390,690
-
17 · Accounts payable and accrued expenses
beginning of year $2,754,308 · end of year $2,148,906
-
23 · Secured mortgages and notes payable
beginning of year $61,300,000 · end of year $18,200,000
-
25 · Other liabilities
beginning of year $374,225,736 · end of year $385,062,886
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $49,735,600 · end of year $53,843,608
Mission and programs · 2024
Mission
NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP.
-
NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP.
As filed on the 2024 return.
Listed in Part VII
-
Kevin GigstadKEVIN GIGSTAD
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael BlackMICHAEL BLACK
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth KlebeKENNETH KLEBE
BOARD VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Michael FosterMICHAEL FOSTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chuck EmeryCHUCK EMERY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Barbara WelkBARBARA WELK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tammy MeyerTAMMY MEYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob HerringtonBOB HERRINGTON
CEO/PRESIDENT
- Total calculated
- $555,528
- From this org
- $505,574
- From related orgs
- $0
- Other
- $49,954
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $382,154
- Bonus
- $103,498
- Other
- $19,922
- Deferred
- $24,401
- Nontaxable benefits
- $25,553
- Filer's total
- $555,528
-
Alex KalliokoskiALEX KALLIOKOSKI
CFO
- Total calculated
- $176,253
- From this org
- $157,125
- From related orgs
- $0
- Other
- $19,128
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,188
- Bonus
- $22,937
- Other
- $0
- Deferred
- $10,213
- Nontaxable benefits
- $8,915
- Filer's total
- $176,253
-
Dean AanderudDEAN AANDERUD
CLO
- Total calculated
- $212,381
- From this org
- $183,030
- From related orgs
- $0
- Other
- $29,351
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,029
- Bonus
- $24,001
- Other
- $0
- Deferred
- $13,727
- Nontaxable benefits
- $15,624
- Filer's total
- $212,381
-
Joann BergrudJOANN BERGRUD
COO
- Total calculated
- $184,084
- From this org
- $162,512
- From related orgs
- $0
- Other
- $21,572
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,946
- Bonus
- $26,566
- Other
- $0
- Deferred
- $11,948
- Nontaxable benefits
- $9,624
- Filer's total
- $184,084
-
Steve NannicelliSTEVE NANNICELLI
CHIEF EXPERIENCE OFFICER
- Total calculated
- $193,275
- From this org
- $174,168
- From related orgs
- $0
- Other
- $19,107
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,035
- Bonus
- $23,133
- Other
- $0
- Deferred
- $3,483
- Nontaxable benefits
- $15,624
- Filer's total
- $193,275
-
Yvonne FossenYVONNE FOSSEN
VP OF OPERATIONS
- Total calculated
- $181,082
- From this org
- $153,914
- From related orgs
- $0
- Other
- $27,168
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,779
- Bonus
- $21,135
- Other
- $0
- Deferred
- $11,544
- Nontaxable benefits
- $15,624
- Filer's total
- $181,082
-
Shane MahlumSHANE MAHLUM
VP OF MEMBER BUSINESS LENDING
- Total calculated
- $157,670
- From this org
- $138,817
- From related orgs
- $0
- Other
- $18,853
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,904
- Bonus
- $8,913
- Other
- $0
- Deferred
- $10,051
- Nontaxable benefits
- $8,802
- Filer's total
- $157,670
-
Chad PetersonCHAD PETERSON
VP OF RETAIL SERVICES
- Total calculated
- $158,628
- From this org
- $135,549
- From related orgs
- $0
- Other
- $23,079
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,723
- Bonus
- $12,826
- Other
- $0
- Deferred
- $7,455
- Nontaxable benefits
- $15,624
- Filer's total
- $158,628
-
Ronelle MehlhoffRONELLE MEHLHOFF
VP OF TALENT AND ORGANIZATIONAL DEVELOPMENT
- Total calculated
- $155,523
- From this org
- $135,800
- From related orgs
- $0
- Other
- $19,723
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,307
- Bonus
- $15,493
- Other
- $0
- Deferred
- $10,185
- Nontaxable benefits
- $9,538
- Filer's total
- $155,523
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
NORTH STAR SERVICES LLC
INSURANCE SERVICES · ND · assets $3,054
Directly controlled by NORTH STAR COMMUNITY CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 22 September 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523039349300322
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