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Filing year 2024

NORTHERN COMMUNITIES CREDIT UNION

Duluth, Minnesota·EIN 41-0225925·14
Total revenue
$7.3M
Total assets
$108.5M
Total expenses
$6.1M
Reported officers
12
Mission

TO PROMOTE MEMBER SUCCESS BY MEETING THEIR CHANGING FINANCIAL NEEDS.

Executive compensation, broken down

Form 990 · Schedule J · 12 reported individuals · Filing year 2024

$412k
$444k
Base
$171k
Bonus
$23k
Other
$139k
Benefits
$31k
Base
$112k
Bonus
$9k
Other
$44k
Benefits
$3k
VP Lending
vice president
$164k
$176k
Base
$92k
Bonus
$8k
Other
$38k
Benefits
$13k
Vice Chair
board vice chair
$2k
$2k
Director
board member
$1k
$1k
Director
board member
$1k
$1k
Chair
board chair
$550
$592
Director
board member
$531
$571
Director
board member
$475
$511
Secretary
officer (unspecified)
$394
$424
Director
board member
$349
$375
Director
board member
$300
$323

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.

Up 73%
from 2023

From $239k in 2023 to $412k in 2024.

$239k
2023
$412k
2024
In today's dollarsEst.
Up 68% in real terms$264k to $444k

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.

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

Revenue and expenses over time

NORTHERN COMMUNITIES CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$6.2M
$5.1M
2023
$7.3M
$6.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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