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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 Novation Credit Union

Novation Credit Union

Fiscal year ending 2020. Filed on November 11, 2021.

500 Imperial Ave
Oakdale, Minnesota 55128

Novation Credit Union (EIN: 41-0800081) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Novation Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 5 out of 32 total employees. Among the employees shown here, the average compensation is $257,535. The highest compensated employee at Novation Credit Union is Sharon Hansen with fiscal year 2020 compensation of $686,847.

Revenue, expenses, and employee compensation

Revenue

$8,298,506

Expenses

$6,947,262

Employee compensation

$3,059,169
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Sharon Hansen
Cfo-Retired 12/31/20
$686,847
$653,647 No related comp$33,200
Kristi Mukomela
President and Chief Executive Officer
$284,678
$234,278 No related comp$50,400
Scott Henning
Vice President of Marketing/Cmo
$162,758
$126,358 No related comp$36,400
Nick Altavilla
Vice President of Operations/Coo
$127,751
$111,551 No related comp$16,200
Terry Kahle
Chief Financial Officer and Vice President, Finance
$25,643
$23,143 No related comp$2,500

Benchmark Employee Compensation

Non-Employee Board Members

Mary Edinger
Director
$1,200
$1,200 No related compNo other comp
Nancy Seleski
Director
$1,200
$1,200 No related compNo other comp
Daryl Thoennes
Director
$1,200
$1,200 No related compNo other comp
Dan Carlson
Director
$1,200
$1,200 No related compNo other comp
Matt Juhl
Director
$1,200
$1,200 No related compNo other comp
Mike Kronebusch
Chair
$1,100
$1,100 No related compNo other comp
Shawn Schow
Director
$1,100
$1,100 No related compNo other comp
Dawn McGinley
Director
$1,100
$1,100 No related compNo other comp
John Schwalbach
Director
$900
$900 No related compNo other comp

Contractors

Insperity Inc.
Peo
$553,070
Pscu
Card Processing
$500,762
Fiserv
Account Processing
$361,410
NCR Corporation
E-Services
$272,212
Lending Solutions Inc.
E-Services
$117,913

Mission Statement

TO OFFER PERSONALIZED FINANCIAL SOLUTIONS EXCLUSIVELY TO 3M EMPLOYEES, MCLEOD COUNTY, NOVATION CREDIT UNION FOUNDATION DONORS AND THEIR FAMILIES.

Revisions to this organization profile

November 4, 2025:
2024 Novation Credit Union 990 filed
September 10, 2024:
2023 Novation Credit Union 990 filed
November 8, 2023:
2022 Novation Credit Union 990 filed

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Other organizations also named Novation Credit Union

Novation Credit Union Foundation
Oakdale, Minnesota