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Filing year 2024

AREA SCHOOLS CREDIT UNION

Grand Forks, North Dakota·EIN 45-0279071·501(c)(14)
Total revenue
$1.7M
Total assets
$26.5M
Total expenses
$1.7M
Reported officers
10
Mission

TO PROVIDE A SAVINGS FACILITY AND LOANS AND FINANCIAL SERVICES TO THE APPROX.2077 MEMBERS OF THE CREDIT UNION

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Median to 75th percentile
$110k
$119k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Climbed 43%
over 2 years

From $77k in 2022 to $110k in 2024.

$77k
2022
$104k
2023
$110k
2024
In today's dollarsEst.
Up 34% in real terms$88k to $119k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 6% from 2023 to 2024, while revenue rose 24%.

$104k in 2023 to $110k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

AREA SCHOOLS CREDIT UNION reported revenue and expenses across 3 filing years.

RevenueExpenses
$1.4M
$1.1M
2022
$1.4M
$1.3M
2023
$1.7M
$1.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about AREA SCHOOLS CREDIT UNION

What does the Chief Executive Officer of AREA SCHOOLS CREDIT UNION earn?

In 2024, the Chief Executive Officer of AREA SCHOOLS CREDIT UNION received $110,195 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at AREA SCHOOLS CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at AREA SCHOOLS CREDIT UNION falls between the median and the 75th percentile.

What are AREA SCHOOLS CREDIT UNION's revenue and expenses?

In 2024, AREA SCHOOLS CREDIT UNION reported $1.7M in total revenue and $1.7M in total expenses on its IRS Form 990.

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