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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Centricity Credit Union

Centricity Credit Union

Fiscal year ending 2024. Filed on November 7, 2025.

4477 Lavaque Rd
Hermantown, Minnesota 55811

Centricity Credit Union (EIN: 41-0788273) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Centricity Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 5 out of 97 total employees. Among the employees shown here, the average compensation is $192,792. The highest compensated employee at Centricity Credit Union is Douglas Ralston with fiscal year 2024 compensation of $322,951.

Revenue, expenses, and employee compensation

Revenue

$17,136,710

Expenses

$13,426,580

Employee compensation

$5,310,862
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Douglas Ralston
President and Chief Executive Officer
$322,951
$296,025 No related comp$26,926
Constance Carter
Chief Financial Officer
$198,144
$178,747 No related comp$19,397
Jim Swanson
Vice President, Operations
$194,349
$130,169 No related comp$64,180
Nathan Tepoel
Senior Vice President of Lending
$130,616
$101,757 No related comp$28,859
Jarred Bohlin
Vice President of Finance and RISK Management
$117,902
$103,964 No related comp$13,938

Benchmark Employee Compensation

Non-Employee Board Members

Andrew Hjelle
Director
Garrett Busch
Director (Thru 06/2024)
Gayle Wahner
Director
Margaret Taylor
Chair
Mark Thorsten
Vice Chair
Patricia Hendrickson
Director
Scott Christensen
Director
Stephen Morgan
Secretary

Contractors

Fiserv
Core Software and Other Software
$1,332,338
Integris
IT
$292,084
Tegrete
Maintenance
$139,264

Mission Statement

WITH LOCATIONS IN HERMANTOWN, DULUTH, AND SUPERIOR, WE ARE A FINANCIAL INSTITUTION OF PEOPLE HELPING PEOPLE. WE CARE ABOUT THE COMMUNITIES WE SERVE AND LOVE GIVING OUR MEMBER THE FINANCIAL EDUCATION THEY NEED TO THRIVE AND ENCOURAGE SAVING TO BUILD ECONOMIC SECURITY FOR THEMSELVES AND THEIR FAMILIES. AT ALL LEVELS OF OUR OPERATION, WE ARE DEDICATED TO PROVIDING OUTSTANDING MEMBER SERVICE.

Revisions to this organization profile

November 7, 2025:
2024 Centricity Credit Union 990 filed
May 2, 2024:
2023 Centricity Credit Union 990 filed
October 30, 2023:
2022 Centricity Credit Union 990 filed

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Other organizations also named Centricity Credit Union

Centricity Credit Union Foundation Inc.
Hermantown, Minnesota