North Star Community Credit Union
- Assets
- $126.8m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 42
- Location
- Cherokee, IA
- Founding
- Data as of
- 12/2021
- EIN
- 23-7156614
Organization Overview
North Star Community Credit Union is located in Cherokee, IA. As of 12/2021, North Star Community Credit Union employed 42 individuals. 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 12/2021, North Star Community Credit Union generated $5.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 12.0% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey L Hayes President/ C | Officer | $202,476 | |
Ronald E Brown Board Member | Trustee | 1 | $0 |
Morgan I Gravanish Board Member | Trustee | 1 | $0 |
Stephanie R Foxhoven Board Member | Trustee | 1 | $0 |
W Allan Henn Board Member | Trustee | 1 | $0 |
Barbara J Kratz Board Member | Trustee | 1 | $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 | $5,284,557 |
| Investment income | $332,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,617,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $231,149 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,194,262 |
| Pension plan accruals and contributions | $83,238 |
| Other employee benefits | $240,159 |
| Payroll taxes | $90,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $999 |
| Fees for services: Accounting | $22,272 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $229,435 |
| Office expenses | $503,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $193,341 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,047 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,133 |
| Insurance | $43,550 |
| All other expenses | $279,124 |
| Total functional expenses | $5,437,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,797,071 |
| Savings and temporary cash investments | $34,498,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,994 |
| Loans from Officers, Directors, or Controlling Persons | $720,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $79,362,986 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $311,464 |
| Net Land, buildings, and equipment | $5,710,674 |
| Investments—publicly traded securities | $640,765 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,652,521 |
| Total assets | $126,756,662 |
| Accounts payable and accrued expenses | $1,064,261 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $114,017,991 |
| Total liabilities | $115,082,252 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,750,000 |
| Retained earnings, endowment, accumulated income, or other funds | $6,924,410 |
| Total liabilities and net assets/fund balances | $126,756,662 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Leavenworth-Jefferson Electric Cooperative Inc Topeka, KS | $0 | $20,178,550 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |