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NORTHWOODS CREDIT UNION

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Public IRS 990 nonprofit record

NORTHWOODS CREDIT UNION

EIN 41-0653148 · Education (B)

What they do

to BE THE TRUSTED FINANCIAL PARTNER for OUR MEMBERS.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$90.95spent for every $100 of revenueRevenue covered expenses this year.
$14.34in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $219,316 for DOUG WOLF (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$13,484,630
Expenses$12,264,605
Annual surplus $1,220,025 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$13,484,630
Expenses$12,264,605
Assets$175,915,538
Income$13,484,630
Grants given$5,175
Average grant$5,175
Stocks and bonds$8,020,659
Accounting fees$70,670
Investing fees$8,178
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DOUG WOLFPRESIDENT/CEO · 40 hrs/week $219,316Base $180,861 · Other $38,455
TERRY BURNSVP/CHIEF LENDING OFFICER · 40 hrs/week $219,311Base $176,475 · Other $42,836
MATTHEW FERRINSVP/CFO · 40 hrs/week $209,944Base $175,172 · Other $34,772
STEVEN MCCONNELLSVP/CTO · 40 hrs/week $121,531Base $114,275 · Other $7,256
JEFFREY KLETSCHERCHAIRPERSON · 2 hrs/week $4,605
CHRISTINE NIELSON-RINGATSECRETARY · 1 hrs/week $2,920
LARRY CHAMPEAUXVICE CHAIRPERSON · 1 hrs/week $2,832
DEBRA J LARSONDIRECTOR · 1 hrs/week $2,453
DARREN JUNTUNENDIRECTOR · 1 hrs/week $2,278
NATHAN MANNERDIRECTOR · 1 hrs/week $2,105
LISA FOLLETT-POLLAKDIRECTOR · 1 hrs/week $1,975

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

DOUG WOLFPRESIDENT/CEO

TERRY BURNSVP/CHIEF LENDING OFFICER

MATTHEW FERRINSVP/CFO

STEVEN MCCONNELLSVP/CTO

JEFFREY KLETSCHERCHAIRPERSON

CHRISTINE NIELSON-RINGATSECRETARY

LARRY CHAMPEAUXVICE CHAIRPERSON

DEBRA J LARSONDIRECTOR

DARREN JUNTUNENDIRECTOR

NATHAN MANNERDIRECTOR

LISA FOLLETT-POLLAKDIRECTOR

About this charity

Recognized since
January 1944
Location
1702 AVENUE B, CLOQUET, MN 55720-1958
County
Carlton
In care of
TERRY BURN
Primary officer
TERRY BURN, PRESIDENT/CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
WIPFLI LLP
NTEE classification
Education (B)
IRS tax category
Education
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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