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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 Northwoods Credit Union

Northwoods Credit Union

Fiscal year ending 2024. Filed on August 29, 2025.

1702 Ave B
Cloquet, Minnesota 55720

Northwoods Credit Union (EIN: 41-0653148) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Northwoods Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 4 out of 63 total employees. Among the employees shown here, the average compensation is $192,526. The highest compensated employee at Northwoods Credit Union is Doug Wolf with fiscal year 2024 compensation of $219,316.

Revenue, expenses, and employee compensation

Revenue

$13,484,630

Expenses

$12,264,605

Employee compensation

$5,255,900
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Doug Wolf
President and Chief Executive Officer
$219,316
$180,861 No related comp$38,455
Terry Burn
Senior Vice President and Chief Lending Officer
$219,311
$176,475 No related comp$42,836
Matthew Ferrin
Senior Vice President and Chief Financial Officer
$209,944
$175,172 No related comp$34,772
Steven McConnell
Svp/Cto
$121,531
$114,275 No related comp$7,256

Benchmark Employee Compensation

Non-Employee Board Members

Jeffrey Kletscher
Chair
$4,605
$4,605 No related compNo other comp
Christine Nielson-Ringat
Secretary
$2,920
$2,920 No related compNo other comp
Larry Champeaux
Vice Chair
$2,832
$2,832 No related compNo other comp
Debra J Larson
Director
$2,453
$2,453 No related compNo other comp
Darren Juntunen
Director
$2,278
$2,278 No related compNo other comp
Nathan Manner
Director
$2,105
$2,105 No related compNo other comp
Lisa Follett-Pollak
Director
$1,975
$1,975 No related compNo other comp

Contractors

Tech Based Solutions LLC
Computer/Firewall/Technical Support
$182,279
Sinnott Group Inc.
Blacktop Repair/Replacement
$170,464

Mission Statement

TO BE THE TRUSTED FINANCIAL PARTNER FOR OUR MEMBERS.

Revisions to this organization profile

August 29, 2025:
2024 Northwoods Credit Union 990 filed
July 16, 2024:
2023 Northwoods Credit Union 990 filed
July 27, 2023:
2022 Northwoods Credit Union 990 filed

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