Northern Star Credit Union

Organization Overview

Northern Star Credit Union is located in Portsmouth, VA. As of 12/2023, Northern Star Credit Union employed 27 individuals. Northern Star 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 12/2023, Northern Star Credit Union generated $5.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $5.9m during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE CREDIT UNION IS A MEMBER OWNED FINANCIAL COOPERATIVE THAT PROVIDES FINANCIAL SERVICES TO IT'S MEMBERS IN THE FORM OF CHECKING AND SAVINGS ACCOUNTS, LOANS, AND CERTAIN OTHER FINANCIAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE FINANCIAL SERVICES TO IT'S MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Jennifer Riley
Pres/ceo/tre
$165,752
Roger E Early
Director
$35,000
Chase Goodwin
Director
$0
Craig Hill
Director
$0
Timothy Johnson
Board Secret
$0
Bernard G Matthews
Board Vice C
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Syncon Llc
Construction
$355,187
Atlas Structural Solutions Inc
Construction
$135,424
View All Vendors

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$4,270,661
Investment income $855,472
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $100,169
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,430,804

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