Northwoods Credit Union
TO BE THE TRUSTED FINANCIAL PARTNER FOR OUR MEMBERS.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$172.7M
+6.3% YoY
Revenue
$12.0M
+5.2% YoY
Net Investment Income
$514K
+239.0% YoY
Expenses
$11.9M
+22.8% YoY
About Northwoods Credit Union
Based on IRS filings
Northwoods Credit Union is a nonprofit organization, based in CLOQUET, MN. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $172.7M in total assets. Net investment income was $514K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $172,709,574 | $162,399,307 | $158,800,321 |
| Revenue | $11,960,002 | $11,374,020 | $10,013,963 |
| Expenses | $11,930,660 | $9,715,764 | $8,738,581 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $513,970 | $151,593 | $435,494 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2023
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2023.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY KLETSCHER | CHAIRPERSON | 1.86 | $2,807 |
| LARRY CHAMPEAUX | VICE CHAIRPERSON | 1.04 | $1,745 |
| CHRISTINE NIELSON-RINGAT | SECRETARY | 1.16 | $1,938 |
| NATHAN MANNER | DIRECTOR | 0.94 | $1,545 |
| LISA FOLLETT-POLLAK | DIRECTOR | 0.72 | $1,244 |
| DEBRA J LARSON | DIRECTOR | 0.87 | $1,511 |
| KASEY OLSON | DIRECTOR (THRU 02/2023) | 0.38 | $210 |
| DARREN JUNTUNEN | DIRECTOR | 0.63 | $1,120 |
| TERRY BURN | SVP/CHIEF LENDING OFFICER | 40 | $140,481 |
| DOUG WOLF | PRESIDENT/CEO | 40 | $182,717 |
| MATTHEW FERRIN | SVP/CHIEF FINANCIAL OFFICER | 40 | $143,024 |
Frequently Asked Questions
How large is Northwoods Credit Union?
As of 2023, Northwoods Credit Union holds $172.7M in total assets with $12.0M in annual revenue.
Where does Northwoods Credit Union operate?
Northwoods Credit Union has awarded grants in Minnesota.
What is Northwoods Credit Union's EIN?
Northwoods Credit Union's EIN (Employer Identification Number) is 41-0653148. IRS Form 990 filing data is available on this page for 2020–2023.
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Browse active grant opportunities in Northwoods Credit Union's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.