Skip to main content
Filing year 2024

NORTHWOODS CREDIT UNION

Cloquet, Minnesota·EIN 41-0653148·14
Total revenue
$13.5M
Total assets
$175.9M
Total expenses
$12.3M
Reported officers
11
Mission

TO BE THE TRUSTED FINANCIAL PARTNER FOR OUR MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 11 reported individuals · Filing year 2024

$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

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
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.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.