Skip to content
Nonprofiteer
← NORTHERN COMMUNITIES CREDIT UNION

Form 990 for tax year 2024

Filed by NORTHERN COMMUNITIES CREDIT UNION.

Totals

Total revenue
$7,313,509
Total expenses
$6,102,698
Contributions and grants received
$8,000
Grants paid
$6,904
Program service revenue
$6,977,460
Investment income
$312,462
Other revenue
$15,587
Total assets, end of year
$108,506,640
Total liabilities, end of year
$96,196,907
Net assets or fund balances, end of year
$12,309,733
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $8,000

  • 2a · Program service revenue: INTEREST ON LOANS

    total $5,726,904 · related or exempt $5,726,904

  • 2b · Program service revenue: OTHER MEMBER RELATED REVENUE

    total $757,944 · related or exempt $757,944

  • 2c · Program service revenue: MEMBER FEE INCOME

    total $486,606 · related or exempt $486,606

  • 2d · Program service revenue: FEE & INSURANCE REVENUE

    total $6,006 · unrelated business $6,006

  • 3 · Investment income

    total $320,987 · excluded $320,987

  • 5 · Royalties

    total $11,587 · excluded $11,587

  • 6a · Gross rents

    real property $4,000

  • 6c · Rental income or loss

    real property $4,000

  • 6d · Net rental income or loss

    total $4,000 · excluded $4,000

  • 7a · Gross sales of assets other than inventory

    other assets $8,913

  • 7b · Less cost or other basis and sales expenses

    other assets $17,438

  • 7c · Gain or loss

    other assets -$8,525

  • 7d · Net gain or loss

    total -$8,525 · related or exempt -$8,525

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,884

  • 2 · Grants to domestic individuals

    total $1,020

  • 5 · Compensation of officers, directors and key employees

    total $641,291

  • 7 · Other salaries and wages

    total $1,128,789

  • 8 · Pension plan contributions

    total $116,373

  • 9 · Other employee benefits

    total $247,719

  • 10 · Payroll taxes

    total $139,758

  • 11b · Fees: legal

    total $325

  • 11c · Fees: accounting

    total $29,624

  • 11g · Fees: other

    total $160,011

  • 12 · Advertising and promotion

    total $114,677

  • 13 · Office expenses

    total $852,702

  • 14 · Information technology

    total $213,127

  • 16 · Occupancy

    total $191,526

  • 19 · Conferences, conventions and meetings

    total $128,505

  • 20 · Interest

    total $17,983

  • 22 · Depreciation, depletion and amortization

    total $220,738

  • 23 · Insurance

    total $56,143

  • 24a · Other expenses: LOAN SERVICING

    total $686,116

  • 24b · Other expenses: DIVIDEND EXPENSE

    total $600,531

  • 24c · Other expenses: LOAN LOSS EXPENSE

    total $549,856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $842,059 · end of year $885,613

  • 2 · Savings and temporary cash investments

    beginning of year $5,945,588 · end of year $9,918,088

  • 4 · Accounts receivable

    beginning of year $10,003 · end of year $6,412

  • 7 · Other notes and loans receivable

    beginning of year $82,700,707 · end of year $89,643,363

  • 9 · Prepaid expenses and deferred charges

    beginning of year $692,082 · end of year $618,884

  • 10a · Land, buildings and equipment: cost or other basis

    $5,156,029

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,739,917

  • 10c · Land, buildings and equipment, net

    beginning of year $2,404,060 · end of year $2,416,112

  • 13 · Investments: program-related

    beginning of year $5,980,630 · end of year $1,901,730

  • 15 · Other assets

    beginning of year $2,986,916 · end of year $3,116,438

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,100,339 · end of year $1,224,601

  • 21 · Escrow or custodial account liability

    beginning of year $21,719 · end of year $14,249

  • 24 · Unsecured notes and loans payable

    beginning of year $930,915

  • 25 · Other liabilities

    beginning of year $88,410,150 · end of year $94,958,057

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,098,922 · end of year $12,309,733

Mission and programs · 2024

Mission

TO PROMOTE MEMBER SUCCESS BY MEETING THEIR CHANGING FINANCIAL NEEDS.

  • THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 1,372 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 6,772 MEMBERS.

  • THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 1,401 NEW LOANS DURING 2024. AS OF 12/31/24 WE HAD 80,007 LOANS RECEIVABLE.

  • .

As filed on the 2024 return.

Listed in Part VII

  • Trina Hoff

    PRESIDENT/CE

    Total calculated
    $412,375
    From this org
    $332,557
    From related orgs
    $0
    Other
    $79,818
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,701
    Bonus
    $22,500
    Other
    $139,356
    Deferred
    $48,716
    Nontaxable benefits
    $31,102
    Filer's total
    $412,375

  • Anitta Chandler

    COO

    Total calculated
    $193,237
    From this org
    $165,039
    From related orgs
    $0
    Other
    $28,198
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,703
    Bonus
    $9,000
    Other
    $44,336
    Deferred
    $25,434
    Nontaxable benefits
    $2,764
    Filer's total
    $193,237

  • Shannon Lundquist

    VP LENDING

    Total calculated
    $164,067
    From this org
    $137,101
    From related orgs
    $0
    Other
    $26,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $91,735
    Bonus
    $7,700
    Other
    $37,666
    Deferred
    $13,599
    Nontaxable benefits
    $13,367
    Filer's total
    $164,067

  • Dirk Davis

    VICE CHAIR

    Total calculated
    $2,202
    From this org
    $2,136
    From related orgs
    $0
    Other
    $66
    Hours/week
    0.5

  • John Lindquist

    DIRECTOR

    Total calculated
    $1,325
    From this org
    $1,259
    From related orgs
    $0
    Other
    $66
    Hours/week
    0.5

  • George Walters

    DIRECTOR

    Total calculated
    $1,062
    From this org
    $996
    From related orgs
    $0
    Other
    $66
    Hours/week
    0.5

  • Shawn Herhusky

    CHAIR

    Total calculated
    $550
    From this org
    $484
    From related orgs
    $0
    Other
    $66
    Hours/week
    0.5

  • Karen Erickson

    DIRECTOR

    Total calculated
    $531
    From this org
    $465
    From related orgs
    $0
    Other
    $66
    Hours/week
    0.5

  • James Kroll

    DIRECTOR

    Total calculated
    $475
    From this org
    $409
    From related orgs
    $0
    Other
    $66
    Hours/week
    0.5

  • Ruth Hemming

    SECRETARY

    Total calculated
    $394
    From this org
    $328
    From related orgs
    $0
    Other
    $66
    Hours/week
    0.5

  • Charles Schumacher

    DIRECTOR

    Total calculated
    $349
    From this org
    $283
    From related orgs
    $0
    Other
    $66
    Hours/week
    0.5

  • Robert McCubbin

    DIRECTOR

    Total calculated
    $300
    From this org
    $234
    From related orgs
    $0
    Other
    $66
    Hours/week
    0.5

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
TRINA HOFF 0 34,800 0 ANITTA CHANDLER 0 11,160 0 SHANNON LUNDQUIST 0 9,480 0
SCHEDULE J, PART III
THE PRESIDENT/CEO, THE COO, AND THE VP LENDING PARTICIPATE IN A 457(F) PLAN. THE AMOUNTS SHOWN ABOVE ARE THE CONTRIBUTIONS TO THE PLAN FOR THIS CALENDAR YEAR. THESE INDIVIDUALS ALSO RECEIVED DISTRIBUTIONS FROM THE PLAN DURING 2024. THE AMOUNTS ARE SHOWN IN PART II, COLUMN F.

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 November 2025
IRS schema version
2024v5.0
Source object
202523169349303202

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.