Overview
What is Northstar Credit Union?
Northstar Credit Union is a member-owned and operated, not-for-profit financial cooperative based on returning profits to its membership. Serving as a full-service financial institution, it provides checking and savings services to over 30,000 members. Northstar's mission includes offering lower interest rate loans, competitive monthly dividends, and lower fees to enhance the financial well-being of its members. Additionally, Northstar has extended over 500 mortgage and home equity loans to its members.
Official website here: www.nscu.org
Is Northstar Credit Union legitimate?
Northstar Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Northstar Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,355,176
Professional Fundraising Fees: $0
Other Salaries and Wages: $990,094
For more financial information, click here
Official website here: www.nscu.org
What is the mission statement of Northstar Credit Union?
Northstar Credit Union is a member-owned and operated not-for-profit financial cooperative. Operating as a full-service financial institution, Northstar prioritizes the welfare of its membership. The cooperative returns its profits to its owners in various ways, including offering lower interest rate loans, competitive monthly dividends, and reduced fees. This capital accumulation also ensures long-term stability for the organization.
Official website here: www.nscu.org
Who is the CEO of Northstar Credit Union?
Lloyd Fredendall is the Ceo of Northstar Credit Union. The CEO's salary of Northstar Credit Union is $795,680 and their total compensation is $926,663.
Official website here: www.nscu.org
What is the revenue of Northstar Credit Union?
Who are the executives of Northstar Credit Union and what are their salaries?
The average compensation at Northstar Credit Union during 2020 was $45,986. There are 51 employees and 11 volunteers at Northstar Credit Union.
Here are 17 key members and their salaries (Northstar Credit Union's CEO's salary is $795,680 and their total compensation is $926,663):
- Lloyd Fredendall (Ceo) [Trustee/Director]
- Bikramjit Dhillon (Loan Officer)
- Bernard Niewoehner Iv (Vice President)
- Valerie Nicholson (Controller)
- Luz Castello (Vice President)
- Lisa Kleven (Vice President)
- Cristen Austgen (Vice President)
- Dennis Hughes (Treasurer) [Trustee/Director]
- Daniel Aloia (Director)
- James Broz (Director)
- Robert Collins (Secretary) [Trustee/Director]
- Joseph Joseph (Chair) [Trustee/Director]
- Tim Keefe (Director)
- Gregory Zilinsky (Vice-Chair) [Trustee/Director]
- George Fiegle (Director)
- Jill Versace (Director)
- Rowena Torres Ordonez (Director)
Official website here: www.nscu.org
Where can I find the form 990 for Northstar Credit Union?
The Northstar Credit Union’s most recent form 990 was submitted in 2020 and can be accessed here
Official website here: www.nscu.org
Learn more at the official website: www.nscu.org
Mission Statement of Northstar Credit Union
Northstar Credit Union, a member-owned and operated not-for-profit financial cooperative, exists to serve its membership with the advantages of a full-service financial institution. Northstar's primary goal is to benefit its members by returning profits in the form of lower interest rate loans, competitive monthly dividends, lower fees, and capital accumulation for long-term stability.
Capitalizing on its not-for-profit status, Northstar Credit Union operates with a unique approach. Its profits aren't distributed to external shareholders but are instead reinvested in the organization to provide more value to its members. This translates into savings in the form of lower loan rates and fees, and also monthly dividends paid out to members. Furthermore, the financial cooperative's commitment to long-term stability ensures that it remains a reliable and constant presence in the financial lives of its members.
Northstar Credit Union acts as a trusted financial partner to its members. By operating as a not-for-profit institution, it can prioritize the interests of its membership above all else. This member-centric approach ensures that Northstar Credit Union continues to provide valuable financial services that cater to the diverse financial needs of its members.
Impact
This information is meant to be a general summary of Northstar Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Northstar Credit Union's impact lies in its commitment to being a member-owned and operated, not-for-profit financial cooperative. By returning profits to its membership through lower interest rate loans, competitive monthly dividends, lower fees, and capital accumulation for long-term stability, Northstar Credit Union directly benefits its 7,575 member accounts. Additionally, the credit union has provided 516 mortgage and home equity loans to its members, further contributing to their financial well-being. Through its mission of serving as a full-service financial institution for the benefit of its members, Northstar Credit Union plays a vital role in supporting its community and fostering economic empowerment.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$8,687,819
OTHER INCOME
Revenue
$2,175,367
FEES AND CHARGES
Revenue
$530,323
Organization Details
Founding Year
1971
Phone
(630) 393-7201
Principal Officer
Lloyd Fredendall
Main Address
3 S 555 WINFIELD ROAD, WARRENVILLE, IL, 60555
Website
www.nscu.org
NTEE Category
Code: W61 - Public benefit
If you are a representative of Northstar Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.