NOVATION CREDIT UNION

As filed

Subsection

14

Classification

1000

Street

500 IMPERIAL AVE N

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 · 2025

• LENDING:PROVIDE VEHICLE, REAL ESTATE, STUDENT, VISA AND OTHER LOANS TO 14,500 MEMBER OWNERS.

• SAVINGS:PROVIDE CHECKING AND SAVINGS PRODUCTS INCLUDING ATM, DEBIT CARDS, DIRECT DEPOSIT, ONLINE BANKING, ACH AND MOBILE PAYMENTS TO 14,500 MEMBER OWNERS.

• INVESTMENT:PROVIDE COMPETITIVE SAVINGS AND INVESTMENT OPPORTUNITIES AND RETIREMENT PLANNING SERVICES TO MEMBER OWNERS.

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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

• 2025

  Revenue

  $14,685,519

  Expenses

  $11,869,016

  Contributions

  $0

  Grants paid

  $0

• 2024

  Revenue

  $13,474,710

  Expenses

  $10,934,887

  Contributions

  $0

  Grants paid

  $0

• 2023

  Revenue

  $11,293,465

  Expenses

  $9,770,324

  Contributions

  $0

  Grants paid

  $20,878

• 2022

  Revenue

  $9,264,760

  Expenses

  $7,323,942

  Contributions

  $0

  Grants paid

  $0

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

  $8,796,633

  Expenses

  $6,483,200

  Assets (EOY)

  $218,712,368

• 2020 · 990

  Revenue

  $8,298,506

  Expenses

  $6,947,262

  Assets (EOY)

  $192,998,558

• 2019 · 990

  Revenue

  $8,044,478

  Expenses

  $7,119,026

  Assets (EOY)

  $162,517,262

• 2018 · 990

  Revenue

  $7,079,455

  Expenses

  $6,026,862

  Assets (EOY)

  $144,238,783

• 2017 · 990

  Revenue

  $6,403,714

  Expenses

  $5,598,799

  Assets (EOY)

  $141,069,501

• 2016 · 990

  Revenue

  $6,242,543

  Expenses

  $5,294,334

  Assets (EOY)

  $128,141,947

• 2015 · 990

  Revenue

  $5,552,361

  Expenses

  $4,761,504

  Assets (EOY)

  $114,926,415

• 2014 · 990

  Revenue

  $5,188,948

  Expenses

  $4,620,975

  Assets (EOY)

  $106,603,209

• 2013 · 990

  Revenue

  $5,114,348

  Expenses

  $4,351,114

  Assets (EOY)

  $99,853,064

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $4,439,193

  Assets (EOY)

  $95,140,961

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

• NOVATION CREDIT UNION FOUNDATION

  $20,878

  2023 · DONATION

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.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files