Totals
- Total revenue
- $12,926,579
- Total expenses
- $11,972,469
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $11,690,187
- Investment income
- $1,158,953
- Other revenue
- $77,439
- Total assets, end of year
- $164,913,210
- Total liabilities, end of year
- $145,854,521
- Net assets or fund balances, end of year
- $19,058,689
- 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: LOAN INTEREST INCOME
total $10,394,110 · related or exempt $10,394,110
-
2b · Program service revenue: FEES INCOME
total $1,296,077 · related or exempt $1,268,929 · unrelated business $27,148
-
3 · Investment income
total $1,159,734 · excluded $1,159,734
-
7b · Less cost or other basis and sales expenses
other assets $781
-
7c · Gain or loss
other assets -$781
-
7d · Net gain or loss
total -$781 · related or exempt -$781
-
11a · Other revenue: MISCELLANEOUS
total $79,813 · related or exempt $463 · unrelated business $79,350
-
11d · All other revenue
total -$2,374 · related or exempt -$2,374
-
11e · Other revenue, total
$77,439
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $735,095
-
7 · Other salaries and wages
total $1,880,096
-
8 · Pension plan contributions
total $88,888
-
9 · Other employee benefits
total $707,694
-
10 · Payroll taxes
total $260,557
-
11c · Fees: accounting
total $26,400
-
11g · Fees: other
total $254,766
-
12 · Advertising and promotion
total $170,786
-
13 · Office expenses
total $1,166,822
-
14 · Information technology
total $573,847
-
16 · Occupancy
total $271,009
-
17 · Travel
total $49,163
-
19 · Conferences, conventions and meetings
total $12,661
-
20 · Interest
total $2,121,948
-
22 · Depreciation, depletion and amortization
total $55,004
-
23 · Insurance
total $36,817
-
24a · Other expenses: CREDIT LOSS EXPENSE
total $2,423,524
-
24b · Other expenses: LOAN SERVICING EXPENSE
total $1,090,846
-
24c · Other expenses: MISCELLANEOUS EXPENSE
total $32,743
-
24d · Other expenses: OPERATING FEES
total $13,803
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $1,687,126
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $40,241,513
-
4 · Accounts receivable
beginning of year $0 · end of year $52,188
-
5 · Loans and receivables from officers and key people
beginning of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $114,321,495
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $1,462,966
-
10a · Land, buildings and equipment: cost or other basis
$6,827,140
-
10b · Land, buildings and equipment: accumulated depreciation
$2,551,051
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $4,276,089
-
12 · Investments: other securities
beginning of year $0 · end of year $87,853
-
15 · Other assets
beginning of year $0 · end of year $2,783,980
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $912,612
-
25 · Other liabilities
beginning of year $0 · end of year $144,941,909
-
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 $0 · end of year $19,058,689
Mission and programs · 2024
Mission
44 NORTH CREDIT UNION WILL CONTINUE TO PROVIDE SOUND, PROGRESSIVE FINANCIAL SERVICES, WHICH SUPPORT THE MUTUAL INTEREST OF THE MEMBERS AND THE COMMUNITY.
Activities or mission (Part I)
OUR MISSION IS TO PROVIDE PERSONALIZED AND THOUGHTFUL FINANCIAL SERVICES THAT MAKE A REAL DIFFERENCE IN YOUR LIFE.
-
44 NORTH CREDIT UNION SERVICES 11,586 MEMBERS OF OUR COMMUNITY WITH DIVERSE FINANCIAL PRODUCTS AND SERVICES. DURING THE YEAR WE GRANTED A TOTAL OF 9,009 LOANS WORTH $116,926,554 TO OUR MEMBERS.
As filed on the 2024 return.
Listed in Part VII
-
Dave BarringerDAVE BARRINGER
BOARD OF DIRECTORS MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian LynchBRIAN LYNCH
BOARD OF DIRECTORS MEMBER/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ryan PaduaRYAN PADUA
BOARD OF DIRECTORS MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rick PetersenRICK PETERSEN
BOARD OF DIRECTORS MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John TrahanJOHN TRAHAN
BOARD OF DIRECTORS MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jason Van EckJASON VAN ECK
BOARD OF DIRECTORS MEMBER/VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Randy WhitfieldRANDY WHITFIELD
BOARD OF DIRECTORS MEMBER/CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Martin MeyerMARTIN MEYER
BOARD OF DIRECTORS MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff ElliottJEFF ELLIOTT
CEO
- Total calculated
- $199,038
- From this org
- $178,125
- From related orgs
- $0
- Other
- $20,913
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,584
- Bonus
- $3,287
- Other
- $1,254
- Deferred
- $8,679
- Nontaxable benefits
- $12,234
- Filer's total
- $199,038
-
Karen VorderstrasseKAREN VORDERSTRASSE
SENIOR VP/ CIO
- Total calculated
- $138,650
- From this org
- $120,687
- From related orgs
- $0
- Other
- $17,963
- Hours/week
- 40
-
Erwin RamelbERWIN RAMELB
CFO
- Total calculated
- $151,738
- From this org
- $133,407
- From related orgs
- $0
- Other
- $18,331
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,039
- Bonus
- $3,186
- Other
- $1,182
- Deferred
- $1,508
- Nontaxable benefits
- $16,823
- Filer's total
- $151,738
-
Michelle GregoryMICHELLE GREGORY
COO
- Total calculated
- $121,904
- From this org
- $107,040
- From related orgs
- $0
- Other
- $14,864
- Hours/week
- 40
-
Carrie LovellCARRIE LOVELL
CLO
- Total calculated
- $120,675
- From this org
- $97,436
- From related orgs
- $0
- Other
- $23,239
- Hours/week
- 40
-
Dave WorkmanDAVE WORKMAN
CHIEF RECOVERY OFFICER
- Total calculated
- $114,299
- From this org
- $98,400
- From related orgs
- $0
- Other
- $15,899
- Hours/week
- 40
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 · Written employment contract
- 3 · Compensation survey or study
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532769349301908
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