North Star Community Credit Union

North Star Community Credit Union Overview

North Star Community Credit Union is located in Maddock, ND. The organization was established in 1942. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, North Star Community Credit Union employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Star Community Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, North Star Community Credit Union generated $16.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $14.2m during the year ending 12/2019. While expenses have increased by 19.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP.


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North Star Community Credit Union Board, Officers & Key Employees

Name (title)Compensation
Bob Herrington
Ceo/president
$291,593
Patrick Brekken
CFO
$133,732
Wendy Arne
Executive VP
$131,375
Dean Aanderud
Clo
$125,144
Joann Bergrud
COO
$108,874
Michael Black
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$14,222,589
Investment income $744,878
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$9,406
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,631,211

North Star Community Credit Union Peer Organizations

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