Skip to content
Nonprofiteer
← All organizations

NORTHWOODS CREDIT UNION

EIN 41-0653148 CLOQUET, MN

Largest nonprofits in Minnesota

Revenue 2023
$11,960,002
Expenses 2023
$11,930,660

As filed

Subsection
14
Classification
1000
Street
1702 AVENUE B

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of CREDIT UNIONS IN THE STATE OF MINNESOTA (EIN 41-6053882). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2023

Mission

TO BE THE TRUSTED FINANCIAL PARTNER FOR OUR MEMBERS.

Activities or mission (Part I)

PROVIDE CREDIT UNION SERVICES TO MEMBERS.

  • SERVED 11,711 MEMBERS - PAID OVER $1,349,000 IN DIVIDENDS

  • 8,940 OUTSTANDING MEMBER LOANS TOTALING $118,895,003 ON DECEMBER 31, 2023 - GRANTED 3,366 LOANS TO MEMBERS TOTALING $54,979,165 IN 2023 - MEMBERS PAID OVER $7,683,358 IN LOAN INTEREST THROUGHOUT 2023

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jeffrey Kletscher

    CHAIRPERSON

    Total calculated
    $2,807
    From this org
    $2,807
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.86
  • Larry Champeaux

    VICE CHAIRPERSON

    Total calculated
    $1,745
    From this org
    $1,745
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.04
  • Christine Nielson-Ringat

    SECRETARY

    Total calculated
    $1,938
    From this org
    $1,938
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.16
  • Nathan Manner

    DIRECTOR

    Total calculated
    $1,545
    From this org
    $1,545
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.94
  • Lisa Follett-Pollak

    DIRECTOR

    Total calculated
    $1,244
    From this org
    $1,244
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.72
  • Debra J Larson

    DIRECTOR

    Total calculated
    $1,511
    From this org
    $1,511
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.87
  • Kasey Olson

    DIRECTOR (THRU 02/2023)

    Total calculated
    $210
    From this org
    $210
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.38
  • Darren Juntunen

    DIRECTOR

    Total calculated
    $1,120
    From this org
    $1,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.63
  • Terry Burn

    SVP/CHIEF LENDING OFFICER

    Total calculated
    $183,316
    From this org
    $140,481
    From related orgs
    $0
    Other
    $42,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,187
    Bonus
    $17,294
    Other
    $0
    Deferred
    $8,038
    Nontaxable benefits
    $34,797
    Filer's total
    $183,316
  • Doug Wolf

    PRESIDENT/CEO

    Total calculated
    $218,661
    From this org
    $182,717
    From related orgs
    $0
    Other
    $35,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,194
    Bonus
    $25,523
    Other
    $0
    Deferred
    $9,885
    Nontaxable benefits
    $26,059
    Filer's total
    $218,661
  • Matthew Ferrin

    SVP/CHIEF FINANCIAL OFFICER

    Total calculated
    $175,132
    From this org
    $143,024
    From related orgs
    $0
    Other
    $32,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,730
    Bonus
    $17,294
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,108
    Filer's total
    $175,132

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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $11,960,002
    Expenses
    $11,930,660
    Contributions
    $0
    Grants paid
    $35,497
  • 2022
    Revenue
    $11,374,020
    Expenses
    $9,715,764
    Contributions
    $0
    Grants paid
    $36,789

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $10,013,963
    Expenses
    $8,738,581
    Assets (EOY)
    $158,800,321
  • 2020 · 990

    Revenue
    $6,129,710
    Expenses
    $7,858,493
    Assets (EOY)
    $139,988,463
  • 2019 · 990

    Revenue
    $8,371,524
    Expenses
    $7,696,862
    Assets (EOY)
    $120,165,800
  • 2018 · 990

    Revenue
    $7,268,555
    Expenses
    $7,022,691
    Assets (EOY)
    $112,878,884
  • 2017 · 990

    Revenue
    $6,078,302
    Expenses
    $6,161,100
    Assets (EOY)
    $91,515,954
  • 2016 · 990

    Revenue
    $5,592,333
    Expenses
    $5,488,597
    Assets (EOY)
    $90,093,562
  • 2015 · 990

    Revenue
    $5,180,829
    Expenses
    $4,810,152
    Assets (EOY)
    $79,894,587
  • 2014 · 990

    Revenue
    $4,986,803
    Expenses
    $4,292,878
    Assets (EOY)
    $74,061,755
  • 2013 · 990

    Revenue
    $4,463,521
    Expenses
    $3,879,052
    Assets (EOY)
    $70,906,206
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $3,795,956
    Assets (EOY)
    $66,635,990

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

  • FLOODWOOD SCHOOL DISTRICT ISD 698

    $5,175

    2022 GENERAL SUPPORT

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.