Northwoods Credit Union
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Northwoods Credit Union at a glance
In short: Northwoods Credit Union reported $33K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.
- Grants paid (2024)
- $33,371 — reported as a total on the IRS filing, without an itemized list
- -2.8% vs 2023
- Total assets
- $175,915,538
- +1.9% vs 2023
- Revenue (2024)
- $13,484,630
- +12.7% vs 2023
- Net investment income (2024)
- $988,837
- +92.4% vs 2023
- Expenses (2024)
- $12,264,605
- +2.8% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026.
Who Northwoods Credit Union funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5K (2022) to $34K (2023). In 2024 it reported $33K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Floodwood School District ISD 698 Floodwood, MN | General Support | $5,175 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $175,915,538 | $13,484,630 | $12,264,605 | $33,371 | Total only | $988,837 |
| 2023 | $172,709,574 | $11,960,002 | $11,930,660 | $34,341 | Total only | $513,970 |
| 2022 | $162,399,307 | $11,374,020 | $9,715,764 | $5,175 | 1 | $151,593 |
| 2021 | $158,800,321 | $10,013,963 | $8,738,581 | $27,006 | Total only | $435,494 |
| 2020 | $139,988,463 | $6,129,710 | $7,858,493 | $25,858 | Total only | $-2,465,186 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Northwoods Credit Union
Based on IRS filings
Northwoods Credit Union is a public charity, based in Cloquet, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $175.9M in total assets. In 2024, it reported $33K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $989K.
Leadership & Key People
Officers and directors from IRS filings
Northwoods Credit Union is led by Doug Wolf, President & CEO on every filing since 2020; all 11 officers listed in 2024 are compensated.
Officers on the 2024 filing
Doug Wolf
President & CEO
On filings since 2020
40 hrs/week
$207K (2020) → $181K (2024)
Jeffrey Kletscher
Chairperson
On filings since 2020
1.9 hrs/week
$2K (2020) → $5K (2024)
Debra J. Larson
Director
On filings since 2020
0.9 hrs/week
$793 (2020) → $2K (2024)
Lisa Follett-Pollak
Director
On filings since 2020
0.7 hrs/week
$867 (2020) → $2K (2024)
Nathan Manner
Director
On filings since 2020
0.8 hrs/week
$1K (2020) → $2K (2024)
Darren Juntunen
Director
On filings since 2023
0.9 hrs/week
$1K (2023) → $2K (2024)
Christine Nielson-Ringat
Secretary
On filings since 2020
1.1 hrs/week
$872 (2020) → $3K (2024)
Larry Champeaux
Vice Chairperson
On filings since 2020
1.1 hrs/week
$1K (2020) → $3K (2024)
Matthew Ferrin
Senior Vice President & CFO
CFO → Senior Vice President & Chief Financial Officer, 2021
Senior Vice President & Chief Financial Officer → Senior Vice President & CFO, 2024
On filings since 2020
40 hrs/week
$138K (2020) → $175K (2024)
Terry Burn
Senior Vice President & Chief Lending Officer
Senior Vice President - Chief Risk Officer → Senior Vice President & Chief Lending Officer, 2021
On filings since 2020
40 hrs/week
$134K (2020) → $176K (2024)
Steven McConnell
Senior Vice President & CTO
New on the 2024 filing
40 hrs/week
$114K (2024)
Former officers (3)
- Former: Kasey Olson (2022–2023) — Director
- Former: Ann Dunaiski (2020–2021) — Treasurer
- Former: Mary Golen (2020) — Chief Lending Officer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $181K, to Doug Wolf (President/CEO). 11 officers or directors reported compensation on that filing.
Frequently asked questions about Northwoods Credit Union
How much does Northwoods Credit Union give each year?
Northwoods Credit Union reported $33K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it reported $34K in grants paid.
How large is Northwoods Credit Union?
Northwoods Credit Union reported $175.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $13.5M.
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 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS June 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 19, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 16, 2024)
- Added Form 990 for fiscal year 2024 (received by the IRS August 29, 2025)
- IRS filings on file for fiscal years 2020–2023
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Figures come from Northwoods Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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