Mission
TO BE THE TRUSTED FINANCIAL PARTNER FOR OUR MEMBERS.
Executive compensation, broken down
Form 990 · Schedule J · 11 reported individuals · Filing year 2024
President/ceo
$219k
$236k
- Base
- $166k
- Bonus
- $14k
- Other
- $850
- Benefits
- $28k
Svp/chief Lending Officer
officer (unspecified)
$219k
$236k
- Base
- $142k
- Bonus
- $10k
- Other
- $24k
- Benefits
- $34k
Svp/cfo
officer (unspecified)
$210k
$226k
- Base
- $142k
- Bonus
- $10k
- Other
- $23k
- Benefits
- $35k
Svp/cto
highest compensated employee
$122k
$131k
Chairperson
board chair
$5k
$5k
Secretary
officer (unspecified)
$3k
$3k
Vice Chairperson
board vice chair
$3k
$3k
Director
board member
$2k
$3k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
Director
board member
$2k
$2k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo | $166k | $14k | $850 | $28k | $219k $236k |
Svp/chief Lending Officer officer (unspecified) | $142k | $10k | $24k | $34k | $219k $236k |
Svp/cfo officer (unspecified) | $142k | $10k | $23k | $35k | $210k $226k |
Svp/cto highest compensated employee | — | — | — | — | $122k $131k |
Chairperson board chair | — | — | — | — | $5k $5k |
Secretary officer (unspecified) | — | — | — | — | $3k $3k |
Vice Chairperson board vice chair | — | — | — | — | $3k $3k |
Director board member | — | — | — | — | $2k $3k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
Director board member | — | — | — | — | $2k $2k |
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.
Held steady
from 2023
From $219k in 2023 to $219k in 2024.
$219k
2023
$219k
2024
$219k
2023
$219k
2024
In today's dollarsEst.
Down 2% in real terms$242k to $236k
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
NORTHWOODS CREDIT UNION reported revenue and expenses across 2 filing years.
RevenueExpenses
$12M
$11.9M
2023
$13.5M
$12.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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