Sep, 30, 2025 — NORTHERN COMMUNITIES CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, MN with 2 branch locations and about $117.33 million in total assets. Opened 98 years ago in 1928, NORTHERN COMMUNITIES CREDIT UNION has about 6,825 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN COMMUNITIES CREDIT UNION |
|---|---|
| Address: (Main Office) | 3311 W Arrowhead Rd DULUTH, MN 55811-4065 |
| Phone: | (218) 279-3200 |
| Fax: | (218) 279-3222 |
| Website: | https://www.nccyou.com |
| Branches: | 2 branch locations |
| Members: | 6,825 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64655 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $117,329,303 |
| CEO/Manager: | Trina Hoff |
| Chairperson: | Shawn Herhusky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,206,906 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,862,550 |
| Unsecured Loans | 9,313,005 |
| Other Loans | 40,003,900 |
| TOTAL LOANS | 95,179,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,408,007 |
| Land And Building | 2,225,719 |
| Other Fixed Assets | 234,028 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 935,541 |
| All Other Assets | 128,921 |
| TOTAL ASSETS | 117,329,303 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 482,842 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,386,410 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,453,937 |
| Regular shares | 49,362,181 |
| All Other Shares & Deposits | 34,733,229 |
| TOTAL SHARES & DEPOSITS | 102,549,346 |
| TOTAL LIABILITIES | 104,418,598 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 12,910,705 |
| TOTAL EQUITY | 12,910,705 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,329,303 |
| INCOME & EXPENSE | |
| Loan Income | 4,639,693 |
| Investment Income | 529,602 |
| Other Income | 361,964 |
| Total Employee Compensation & Benefits | 1,857,689 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,151,276 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 676,769 |
| Cost of Funds | 839,062 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 600,971 |
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