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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 2023. Filed on September 10, 2024.

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 2023 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 41 total employees. Among the employees shown here, the average compensation is $188,573. The highest compensated employee at Novation Credit Union is Kristi Mukomela with fiscal year 2023 compensation of $287,718.

Revenue, expenses, and employee compensation

Revenue

$11,293,465

Expenses

$9,770,324

Employee compensation

$3,685,983
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kristi Mukomela
President and Chief Executive Officer
$287,718
$267,082 No related comp$20,636
Mike Kronebusch
Executive Vice President of Strategy
$212,491
$194,475 No related comp$18,016
Terry Kahle
Chief Financial Officer and Vice President, Finance
$192,484
$165,978 No related comp$26,506
Nick Altavilla
Vice President of Operations/Coo
$132,344
$117,744 No related comp$14,600
Scott Henning
Vice President of Marketing/Cmo
$117,828
$104,475 No related comp$13,353

Benchmark Employee Compensation

Non-Employee Board Members

Shawn Schow
Director
$1,200
$1,200 No related compNo other comp
Joseph Paul
Director
$1,200
$1,200 No related compNo other comp
Wendy Benson
Director
$1,200
$1,200 No related compNo other comp
Dawn McGinley
Chair
$1,200
$1,200 No related compNo other comp
Matt Juhl
Director
$1,200
$1,200 No related compNo other comp
Dan Carlson
Director
$1,200
$1,200 No related compNo other comp
Daryl Thoennes
Director
$1,200
$1,200 No related compNo other comp
John Schwalbach
Director
$1,200
$1,200 No related compNo other comp
Mary Edinger
Director
$1,200
$1,200 No related compNo other comp

Contractors

Pscu
Card Processing
$700,002
G&A Outsourcing LLC
Peo
$602,710
NCR Corporation
E_Services
$331,169
Fiserv
Account Processing
$228,997
Rsm US LLP
IT/Network Managed
$218,405

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