{"success":true,"data":{"_id":410800081,"filings":[{"Organization":{"value":null,"Person":["KRISTI MUKOMELA","SHARON HANSEN","SCOTT HENNING","NICK ALTAVILLA","MATT JUHL","MIKE KRONEBUSCH","DAWN MCGINLEY","SHAWN SCHOW","DAN CARLSON","JOHN SCHWALBACH","THOMAS HANGGE","MARY EDINGER","SYLVIA PROPPS","NANCY SELESKI","RHONDA GRAVES"],"Title":["PRESIDENT","CHIEF FINANCIAL OFFICER/TREASURER","CHIEF MARKETING OFFICER","VICE PRESIDENT - OPERATIONS","VICE CHAIR","CHAIR","DIRECTOR","SECRETARY","DIRECTOR","DIRECTOR","CHAIR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR"],"Hours":[50.0,50.0,50.0,50.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0],"Total Compensation":[240420,257202,163018,133117,1200,1200,1100,1100,900,800,600,600,600,600,300],"Direct compensation":[220439,147065,121483,103061,1200,1200,1100,1100,900,800,600,600,600,600,300],"Other compensation":[19981,110137,41535,30056,0,0,0,0,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 15,552 member owners with competitively priced financial solutions including real estate and consumer loans, credit cards, savings, checking, and investments. additional services include atm/debit cards, atms, online banking, mobile banking, bill pay and more.","year":2019,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"WWW.NOVATION.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"KRISTI MUKOMELA","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":13,"tax_period_begin":"2019-01-01T00:00:00","tax_period_end":"2019-12-31T00:00:00","address":"500 IMPERIAL AVE, OAKDALE, MN, 551287151, USA","city":"OAKDALE","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":35,"Total Gross UBI":37717,"Net unrelated business taxable income":-37587,"Number of employees":35,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":8044478,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":7795433,"Total revenue":{"value":7795433,"LOAN INTEREST INCOME":5437080,"OTHER INCOME":2018620,"FEE INCOME":339733},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":249045,"Investment income total":249045,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":7119026,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":1047435,"Benefits paid to members Total":1047435},"Salaries":{"value":2384480,"Current officers":514671,"Disqualified persons":0,"Other salaries and wages":1724978,"Pension plan contributions":114311,"Other employee benefits":30520,"Payroll taxes":0},"Other expenses":{"value":3687111,"Management services":0,"Legal":0,"Accounting":52030,"Lobbying services":0,"Investment management fees":0,"Other services":481419,"Advertising":88364,"Office expenses":131144,"Information technology":824776,"Royalties":0,"Occupancy":261118,"Travel":15779,"Conferences and meetings":15100,"Interest":13054,"Payments to affiliates":0,"Depreciation and depletion":291877,"Insurance":35537,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1245026,"LOAN SERVICING":761069,"ATM/DEBIT CARD AND MACH":415817,"LOAN LOSS PROVISION":68140},"All other expenses":231887},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":162517262,"Non-interest bearing cash":1053333,"Savings and temp cash investments":18419204,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":135094566,"Inventories for sale or use":0,"Prepaid expenses deferred charges":549293,"Land, building, equipment":2467780,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":4933086},"Liabilities":{"value":149342417,"Sum of Total Liabilities":0,"Accounts payable, accrued":1166667,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":148175750},"Fund balance":{"value":13174845,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.11504189581971633,"percentile":0.6480542134506863},"Liabilities to Assets Ratio":{"score":0.9189326423675536,"percentile":0.061561116819313276},"Operating Reserve Ratio":{"score":22.828581044654143,"percentile":0.9539179335600663},"Officer Compensation Ratio":{"score":0.11276219527783717,"percentile":0.5113767840249821},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.07691975011969394,"percentile":0.7033890831392463},"Asset Growth":{"score":0.08062817452086744,"percentile":0.6305399729227126},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6142676767635138,"percentile":0.646688063694321}},"source_xml":"202013219349323311_public.xml"},{"Organization":{"value":null,"Person":["John McNamara","Shawn Schow","Matt Juhl","Rhonda Graves","Dolf Moon","Mary Edinger","Dan Carlson","Thomas Hangge","Mike Kronebusch","Kristi Mukomela","Sharon Hansen","Scott Henning"],"Title":["Board Member","Board Member","Board Member","Board Member","Board Member","Board Member","Board Member","Chairman","Board Member","President","Chief Financial Officer","Vice President -Marketing, Sales & Member Experience"],"Hours":[1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,50.0,50.0,50.0],"Total Compensation":[1000,1200,1100,1100,1200,700,900,1200,700,325299,223880,144974],"Direct compensation":[1000,1200,1100,1100,1200,700,900,1200,700,205698,132279,108999],"Other compensation":[0,0,0,0,0,0,0,0,0,119601,91601,35975]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 14,330 member owners with competitively priced financial solutions including real estate and consumer loans, credit cards, savings, checking, and investments. additional services include atm/debit cards, atms, online banking, mobile banking, bill pay and more.","year":2017,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"www.novation.org","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Kristi Mukomela","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":0,"tax_period_begin":"2017-01-01T00:00:00","tax_period_end":"2017-12-31T00:00:00","address":"500 Imperial Avenue, Oakdale, MN, 551287151, USA","city":"Oakdale","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":31,"Total Gross UBI":38402,"Net unrelated business taxable income":-14068,"Number of employees":31,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":6403714,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":6297940,"Total revenue":{"value":6297940,"Real Estate Lending":1840915,"Consumer Lending":2416999,"Investment Center":391824,"Insurance Related Activites":71226,"Deposit Credit Intermediation":1576976},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":105774,"Investment income total":105774,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":5598799,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":220119,"Benefits paid to members Total":220119},"Salaries":{"value":506261,"Current officers":9100,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":91972,"Other employee benefits":263958,"Payroll taxes":141231},"Other expenses":{"value":4872419,"Management services":0,"Legal":0,"Accounting":33200,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":60459,"Office expenses":113568,"Information technology":664021,"Royalties":0,"Occupancy":247196,"Travel":9912,"Conferences and meetings":12281,"Interest":1447,"Payments to affiliates":0,"Depreciation and depletion":260139,"Insurance":32345,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":3284684,"Oasis DEG Service Fees":2075321,"ATM/debit card and machine expense":512221,"Loan Servicing":578831,"Loan Loss Provision":118311},"All other expenses":153167},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":141069501,"Non-interest bearing cash":1197192,"Savings and temp cash investments":11167935,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":121108895,"Inventories for sale or use":0,"Prepaid expenses deferred charges":581871,"Land, building, equipment":2640465,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":4373143},"Liabilities":{"value":129872701,"Sum of Total Liabilities":0,"Accounts payable, accrued":1397134,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":128475567},"Fund balance":{"value":11196800,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.12569502635501836,"percentile":0.6645123921903185},"Liabilities to Assets Ratio":{"score":0.9206291939743942,"percentile":0.06129912672700428},"Operating Reserve Ratio":{"score":25.196386046364587,"percentile":0.9592177774041335},"Officer Compensation Ratio":{"score":0.1256078312509522,"percentile":0.47397788671029284},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.06372075573591304,"percentile":0.6597307670448739},"Asset Growth":{"score":0.08802289564216059,"percentile":0.6517178994103162},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6122888088505495,"percentile":0.6409775011234139}},"source_xml":"201812749349300531_public.xml"},{"Organization":{"value":null,"Person":["John McNamara","Shawn Schow","Matt Juhl","Rhonda Graves","Ken Bozevich","Dolf Moon","Mary Edinger","Dan Carlson","Thomas Hangge","Kristi Mukomela","Sharon Hansen"],"Title":["Board Member","Board Member","Board Member","Board Member","Board Member","Chairman","Board Member","Board Member","Board Member","President","Chief Financial Officer"],"Hours":[1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,50.0,50.0],"Total Compensation":[1200,1200,1000,1000,1200,1200,1200,1100,1200,250722,136198],"Direct compensation":[1200,1200,1000,1000,1200,1200,1200,1100,1200,163402,101917],"Other compensation":[0,0,0,0,0,0,0,0,0,87320,34281]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 12,887 member owners with competitively priced financial solutions including real estate and consumer loans, credit cards, savings, checking, and investments. additional services include atm/debit cards, atms, online banking, mobile banking, bill pay and more.","year":2014,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"www.novation.org","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Kristi Mukomela","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":0,"tax_period_begin":"2014-01-01T00:00:00","tax_period_end":"2014-12-31T00:00:00","address":"500 Imperial Avenue, Oakdale, MN, 551287151, USA","city":"Oakdale","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":31,"Total Gross UBI":42162,"Net unrelated business taxable income":-1447,"Number of employees":31,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":5188948,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":5054422,"Total revenue":{"value":5054422,"Real Estate Lending":1756497,"Consumer Lending":1569107,"Investment Center":323127,"Insurance related activities":47941,"Depository Credit Intermediation":1357750},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":134526,"Investment income total":134526,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":4620975,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":201720,"Benefits paid to members Total":201720},"Salaries":{"value":408059,"Current officers":10300,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":72620,"Other employee benefits":213254,"Payroll taxes":111885},"Other expenses":{"value":4011196,"Management services":0,"Legal":0,"Accounting":20500,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":119701,"Office expenses":125209,"Information technology":448400,"Royalties":0,"Occupancy":266760,"Travel":6296,"Conferences and meetings":5029,"Interest":2690,"Payments to affiliates":0,"Depreciation and depletion":215478,"Insurance":37947,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2632204,"Doherty Employment Group Service Fees":1536151,"ATM/debit card and machine expense":515248,"Loan Servicing":427765,"Loan Loss Provision":153040},"All other expenses":130982},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":106603209,"Non-interest bearing cash":1563989,"Savings and temp cash investments":14627260,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":83928549,"Inventories for sale or use":0,"Prepaid expenses deferred charges":473619,"Land, building, equipment":2858347,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":3151445},"Liabilities":{"value":97950390,"Sum of Total Liabilities":0,"Accounts payable, accrued":833456,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":97116934},"Fund balance":{"value":8652819,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.10945821773507848,"percentile":0.6390896979402974},"Liabilities to Assets Ratio":{"score":0.9188315334860135,"percentile":0.06157607012403459},"Operating Reserve Ratio":{"score":23.06941911609563,"percentile":0.9545134965651555},"Officer Compensation Ratio":{"score":0.08596021402409665,"percentile":0.601633564455419},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6071861248119248,"percentile":0.6263170241159527}},"source_xml":"201543169349302734_public.xml"},{"Organization":{"value":null,"Person":["MIKE KRONEBUSCH","JOSEPH PAUL","JOHN SCHWALBACH","WENDY BENSON","MARY EDINGER","MATT JUHL","DARYL THOENNES","DAN CARLSON","ROBERT KODY","MICHELLE NEPHEW","SHAWN SCHOW","DAWN MCGINLEY","TERRY KAHLE","NICK ALTAVILLA","LORI SCHAETZKA","TODD BRANDEL","TYLER SACHE","KRISTI MUKOMELA"],"Title":["PRESIDENT/CEO","DIRECTOR","DIRECTOR","SECRETARY","BOARD CHAIR","VICE CHAIR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","CHAIR","VP OF FINANCE/CFO","VP OF DIGITAL EXPERIENCE & OPERATIONS","DIRECTOR OF TECHNOLOGY","CHIEF LENDING OFFICER","VP OF MARKETING & STRATEGY","FORMER CEO (12/31/23)"],"Hours":[50.0,1.0,1.0,1.0,2.0,1.0,1.0,1.0,1.0,2.0,1.0,1.0,50.0,50.0,50.0,50.0,50.0,0.0],"Total Compensation":[276055,1200,1200,1200,1200,1200,1200,1200,900,900,400,400,198314,136919,130137,129199,181100,135290],"Direct compensation":[260587,1200,1200,1200,1200,1200,1200,1200,900,900,400,400,170635,121958,106107,99534,169941,133670],"Other compensation":[15468,0,0,0,0,0,0,0,0,0,0,0,27679,14961,24030,29665,11159,1620]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 17,000 member owners.","year":2024,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"WWW.NOVATION.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"MICHAEL KRONEBUSCH","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":0,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"500 IMPERIAL AVE, OAKDALE, MN, 551287151, USA","city":"OAKDALE","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":43,"Total Gross UBI":16323,"Net unrelated business taxable income":0,"Number of employees":43,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":13474710,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":11328922,"Total revenue":{"value":11328922,"LOAN INTEREST INCOME":8403087,"OTHER INCOME":2579185,"FEE INCOME":346650},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":2145788,"Investment income total":2145788,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":10934887,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":3008436,"Benefits paid to members Total":3008436},"Salaries":{"value":3822702,"Current officers":1062724,"Disqualified persons":0,"Other salaries and wages":2017108,"Pension plan contributions":153833,"Other employee benefits":589037,"Payroll taxes":0},"Other expenses":{"value":4103749,"Management services":0,"Legal":3066,"Accounting":161598,"Lobbying services":0,"Investment management fees":0,"Other services":931940,"Advertising":163042,"Office expenses":1125050,"Information technology":0,"Royalties":0,"Occupancy":207418,"Travel":91318,"Conferences and meetings":0,"Interest":315,"Payments to affiliates":0,"Depreciation and depletion":305105,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1114897,"LOAN SERVICING EXPENSE":629516,"CREDIT LOSS PROVISION":377321,"MISCELLANEOUS OPERATING":85245,"OPERATING FEES":22815},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":232490083,"Non-interest bearing cash":1652208,"Savings and temp cash investments":39354056,"Pledges and grants receivable":0,"Accounts receivable":76236,"Receivables from officers":2917861,"Receivables from disqual persons":0,"Other net note and loans":164198723,"Inventories for sale or use":0,"Prepaid expenses deferred charges":518468,"Land, building, equipment":1909851,"Investments publicly traded":0,"Investments other":0,"Investments program related":15436047,"Intangible assets":0,"Other assets":6426633},"Liabilities":{"value":210130995,"Sum of Total Liabilities":0,"Accounts payable, accrued":1559548,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":208571447},"Fund balance":{"value":22359088,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.18848813814916981,"percentile":0.7444336586925698},"Liabilities to Assets Ratio":{"score":0.9038277774626627,"percentile":0.06403189437477161},"Operating Reserve Ratio":{"score":21.26131554903128,"percentile":0.949762734731549},"Officer Compensation Ratio":{"score":0.10955888250148356,"percentile":0.5212329680344334},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.08805003465111519,"percentile":0.7348198455086732},"Asset Growth":{"score":0.08311014663641174,"percentile":0.637750863722855},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6364433148293429,"percentile":0.7072614237749388}},"source_xml":"202543089349300649_public.xml"},{"Organization":{"value":null,"Person":["John McNamara","Shawn Schow","Matt Juhl","Rhonda Graves","Ken Bozevich","Dolf Moon","Mary Edinger","Dan Carlson","Thomas Hangge","Kristi Mukomela","Sharon Hansen"],"Title":["Board Member","Board Member","Board Member","Board Member","Board Member","Chairman","Board Member","Board Member","Board Member","President","Chief Financial Officer"],"Hours":[1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,50.0,50.0],"Total Compensation":[1000,1100,1200,1100,1200,1100,700,600,1200,276742,152743],"Direct compensation":[1000,1100,1200,1100,1200,1100,700,600,1200,180000,115090],"Other compensation":[0,0,0,0,0,0,0,0,0,96742,37653]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 13,226 member owners with competitively priced financial solutions including real estate and consumer loans, credit cards, savings, checking, and investments. additional services include atm/debit cards, atms, online banking, mobile banking, bill pay and more.","year":2015,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"www.novation.org","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Kristi Mukomela","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":0,"tax_period_begin":"2015-01-01T00:00:00","tax_period_end":"2015-12-31T00:00:00","address":"500 Imperial Avenue, Oakdale, MN, 551287151, USA","city":"Oakdale","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":30,"Total Gross UBI":37098,"Net unrelated business taxable income":-4092,"Number of employees":30,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":5552361,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":5443008,"Total revenue":{"value":5443008,"Real Estate Lending":1771255,"Consumer Lending":1794648,"Investment Center":326416,"Insurance related activities":59660,"Depository Credit Intermediation":1491029},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":109353,"Investment income total":109353,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":4761504,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":182548,"Benefits paid to members Total":182548},"Salaries":{"value":424883,"Current officers":9200,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":72395,"Other employee benefits":224562,"Payroll taxes":118726},"Other expenses":{"value":4154073,"Management services":0,"Legal":2500,"Accounting":24874,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":87453,"Office expenses":128267,"Information technology":520549,"Royalties":0,"Occupancy":288900,"Travel":15302,"Conferences and meetings":6525,"Interest":688,"Payments to affiliates":0,"Depreciation and depletion":242255,"Insurance":36805,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2702400,"Doherty Employment Group Service Fees":1682204,"ATM/debit card and machine expense":527471,"Loan Servicing":471985,"Investment Center Expense":20740},"All other expenses":97555},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":114926415,"Non-interest bearing cash":1701888,"Savings and temp cash investments":13123508,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":93332106,"Inventories for sale or use":0,"Prepaid expenses deferred charges":618944,"Land, building, equipment":2876473,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":3273496},"Liabilities":{"value":105482739,"Sum of Total Liabilities":0,"Accounts payable, accrued":957977,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":104524762},"Fund balance":{"value":9443676,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.1424361636428179,"percentile":0.6884687178435761},"Liabilities to Assets Ratio":{"score":0.9178284992183912,"percentile":0.061734001602666524},"Operating Reserve Ratio":{"score":24.136578484445252,"percentile":0.95698264783634},"Officer Compensation Ratio":{"score":0.09213160379577545,"percentile":0.5791329820512057},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.041437544972119406,"percentile":0.5688781530920523},"Asset Growth":{"score":0.07035234735481458,"percentile":0.5988967224931291},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6108537124984778,"percentile":0.6369060129994042}},"source_xml":"201613209349309231_public.xml"},{"Organization":{"value":null,"Person":["MIKE KRONEBUSCH","MARY EDINGER","DAN CARLSON","DARYL THOENNES","DAWN MCGINLEY","JOHN SCHWALBACH","MATT JUHL","NANCY SELESKI","SHAWN SCHOW","JOSEPH PAUL","WENDY BENSON","KRISTI MUKOMELA","TERRY KAHLE","SCOTT HENNING","NICK ALTAVILLA","MICHAEL KRONEBUSCH"],"Title":["CHAIR (PART YEAR)","DIRECTOR","DIRECTOR","DIRECTOR","CHAIR (PART YEAR)","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","PRESIDENT/CEO","VP OF FINANCE/CFO","VP OF MARKETING/CMO","VP OF OPERATIONS/COO","EVP CHIEF STRATEGY OFFICER"],"Hours":[1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,50.0,50.0,50.0,50.0,50.0],"Total Compensation":[700,1200,1200,1200,1200,1100,1100,100,1200,700,0,279425,218982,233453,213300,39814],"Direct compensation":[700,1200,1200,1200,1200,1100,1100,100,1200,700,0,240408,152110,220488,207603,39166],"Other compensation":[0,0,0,0,0,0,0,0,0,0,0,39017,66872,12965,5697,648]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 16,800 member owners.","year":2022,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"WWW.NOVATION.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"KRISTI MUKOMELA","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":13,"tax_period_begin":"2022-01-01T00:00:00","tax_period_end":"2022-12-31T00:00:00","address":"500 IMPERIAL AVE, OAKDALE, MN, 551287151, USA","city":"OAKDALE","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":34,"Total Gross UBI":16055,"Net unrelated business taxable income":0,"Number of employees":34,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":9264760,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":8566002,"Total revenue":{"value":8566002,"LOAN INTEREST INCOME":5719882,"OTHER INCOME":2464300,"FEE INCOME":381820},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":698758,"Investment income total":698758,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":7323942,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":432117,"Benefits paid to members Total":432117},"Salaries":{"value":3331596,"Current officers":994674,"Disqualified persons":0,"Other salaries and wages":1641779,"Pension plan contributions":113300,"Other employee benefits":581843,"Payroll taxes":0},"Other expenses":{"value":3560229,"Management services":0,"Legal":1206,"Accounting":101493,"Lobbying services":0,"Investment management fees":0,"Other services":794452,"Advertising":118696,"Office expenses":1089781,"Information technology":0,"Royalties":0,"Occupancy":204399,"Travel":67594,"Conferences and meetings":0,"Interest":257,"Payments to affiliates":0,"Depreciation and depletion":313043,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":869308,"LOAN SERVICING EXPENSE":626808,"LOAN LOSS PROVISION":161636,"MISCELLANEOUS OPERATING":77864,"OPERATING FEES":3000},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":224719719,"Non-interest bearing cash":1165202,"Savings and temp cash investments":18133896,"Pledges and grants receivable":0,"Accounts receivable":51371,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":164970569,"Inventories for sale or use":0,"Prepaid expenses deferred charges":374393,"Land, building, equipment":2310186,"Investments publicly traded":0,"Investments other":0,"Investments program related":30538391,"Intangible assets":0,"Other assets":7175711},"Liabilities":{"value":206635423,"Sum of Total Liabilities":0,"Accounts payable, accrued":1054462,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":205580961},"Fund balance":{"value":18084296,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.20948389380836632,"percentile":0.7656357793122395},"Liabilities to Assets Ratio":{"score":0.9195251040697501,"percentile":0.061462793719775886},"Operating Reserve Ratio":{"score":30.682891672271573,"percentile":0.9680032916627849},"Officer Compensation Ratio":{"score":0.13581128851102317,"percentile":0.4466935313328583},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.07305781116492446,"percentile":0.6914333772601376},"Asset Growth":{"score":0.09423170428960184,"percentile":0.6683929442050315},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.63431594687423,"percentile":0.7017132487651446}},"source_xml":"202313129349301421_public.xml"},{"Organization":{"value":null,"Person":["MARY EDINGER","DAN CARLSON","DARYL THOENNES","DAWN MCGINLEY","JOHN SCHWALBACH","MATT JUHL","NANCY SELESKI","MIKE KRONEBUSCH","SHAWN SCHOW","KRISTI MUKOMELA","TERRY KAHLE","SCOTT HENNING","NICK ALTAVILLA","SHARON HANSEN"],"Title":["DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","CHAIR","DIRECTOR","PRESIDENT/CEO","VP OF FINANCE/CFO","VP OF MARKETING/CMO","VP OF OPERATIONS/COO","CFO-RETIRED 12/31/20"],"Hours":[1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,50.0,50.0,50.0,50.0,50.0],"Total Compensation":[1200,1200,1200,1100,900,1200,1200,1100,1100,284678,25643,162758,127751,686847],"Direct compensation":[1200,1200,1200,1100,900,1200,1200,1100,1100,234278,23143,126358,111551,653647],"Other compensation":[0,0,0,0,0,0,0,0,0,50400,2500,36400,16200,33200]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 16,100 member owners.","year":2020,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"WWW.NOVATION.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"KRISTI MUKOMELA","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":13,"tax_period_begin":"2020-01-01T00:00:00","tax_period_end":"2020-12-31T00:00:00","address":"500 IMPERIAL AVE, OAKDALE, MN, 551287151, USA","city":"OAKDALE","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":32,"Total Gross UBI":16679,"Net unrelated business taxable income":0,"Number of employees":32,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":8298506,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":8186376,"Total revenue":{"value":8186376,"LOAN INTEREST INCOME":5477424,"OTHER INCOME":2413273,"FEE INCOME":295679},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":112130,"Investment income total":112130,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":6947262,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":743893,"Benefits paid to members Total":743893},"Salaries":{"value":3059169,"Current officers":1297877,"Disqualified persons":0,"Other salaries and wages":1097794,"Pension plan contributions":163928,"Other employee benefits":499570,"Payroll taxes":0},"Other expenses":{"value":3144200,"Management services":0,"Legal":1650,"Accounting":87125,"Lobbying services":0,"Investment management fees":0,"Other services":720723,"Advertising":100206,"Office expenses":889334,"Information technology":0,"Royalties":0,"Occupancy":193778,"Travel":0,"Conferences and meetings":56251,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":294531,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":800602,"LOAN SERVICING EXPENSE":590315,"LOAN LOSS PROVISION":134477,"MISCELLANEOUS OPERATING":57810,"OPERATING FEES":18000},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":192998558,"Non-interest bearing cash":895757,"Savings and temp cash investments":38177711,"Pledges and grants receivable":0,"Accounts receivable":87443,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":141734602,"Inventories for sale or use":0,"Prepaid expenses deferred charges":345262,"Land, building, equipment":2250428,"Investments publicly traded":0,"Investments other":0,"Investments program related":1924683,"Intangible assets":0,"Other assets":7582672},"Liabilities":{"value":178472469,"Sum of Total Liabilities":0,"Accounts payable, accrued":856063,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":177616406},"Fund balance":{"value":14526089,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.16282979129014308,"percentile":0.7149200100516052},"Liabilities to Assets Ratio":{"score":0.9247347278107643,"percentile":0.06070263325647744},"Operating Reserve Ratio":{"score":27.78052101676891,"percentile":0.9638933612812102},"Officer Compensation Ratio":{"score":0.1868184905074834,"percentile":0.33688603973437486},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.07576811560757206,"percentile":0.6998427426004052},"Asset Growth":{"score":0.09018114105286404,"percentile":0.6575976350969643},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6178056209499239,"percentile":0.6566229026856543}},"source_xml":"202123159349301997_public.xml"},{"Organization":{"value":null,"Person":["John McNamara","Shawn Schow","Matt Juhl","Rhonda Graves","Ken Bozevich","Dolf Moon","Mary Edinger","Dan Carlson","Thomas Hangge","Kristi Mukomela","Sharon Hansen"],"Title":["Board Member","Board Member","Board Member","Board Member","Board Member","Chairman","Board Member","Board Member","Board Member","President","Chief Financial Officer"],"Hours":[1.0,1.0,1.0,1.0,1.0,2.0,1.0,1.0,1.0,50.0,50.0],"Total Compensation":[1000,1000,1200,1000,1100,1200,800,600,1100,584060,128473],"Direct compensation":[1000,1000,1200,1000,1100,1200,800,600,1100,489387,96662],"Other compensation":[0,0,0,0,0,0,0,0,0,94673,31811]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 12,738 member owners with competitively priced financial solutions including real estate and consumer loans, credit cards, savings, checking, and investments. additional services include atm/debit cards, atms, online banking, mobile banking, bill pay and more.","year":2013,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"www.novation.org","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Kristi Mukomela","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":0,"tax_period_begin":"2013-01-01T00:00:00","tax_period_end":"2013-12-31T00:00:00","address":"500 Imperial Avenue, Oakdale, MN, 551287151, USA","city":"Oakdale","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":30,"Total Gross UBI":43637,"Net unrelated business taxable income":-5620,"Number of employees":30,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":5114348,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":4953980,"Total revenue":{"value":4953980,"Real Estate Lending":1788891,"Consumer Lending":1438554,"Investment Center":288601,"Insurance related activities":42151,"Depository Credit Intermediation":1395783},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":160368,"Investment income total":160368,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":4351114,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":278987,"Benefits paid to members Total":278987},"Salaries":{"value":366429,"Current officers":9100,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":68377,"Other employee benefits":175407,"Payroll taxes":113545},"Other expenses":{"value":3705698,"Management services":0,"Legal":0,"Accounting":21570,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":101719,"Office expenses":141687,"Information technology":362622,"Royalties":0,"Occupancy":260223,"Travel":10197,"Conferences and meetings":7229,"Interest":403,"Payments to affiliates":0,"Depreciation and depletion":213488,"Insurance":37732,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2434453,"Doherty Employment Group Service Fees":1431906,"ATM/debit card and machine expense":472928,"NCUA premium assessment/stabilization":77281,"Loan Servicing including loan loss provision":452338},"All other expenses":114375},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":99853064,"Non-interest bearing cash":1820151,"Savings and temp cash investments":16214726,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":75295422,"Inventories for sale or use":0,"Prepaid expenses deferred charges":452014,"Land, building, equipment":2980853,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":3089898},"Liabilities":{"value":91768218,"Sum of Total Liabilities":0,"Accounts payable, accrued":569093,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":91199125},"Fund balance":{"value":8084846,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.14923388083876968,"percentile":0.6976040209681538},"Liabilities to Assets Ratio":{"score":0.9190325696966094,"percentile":0.06154227155856861},"Operating Reserve Ratio":{"score":22.948850340395587,"percentile":0.9542160181995324},"Officer Compensation Ratio":{"score":0.1658271881637668,"percentile":0.3775967047398668},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6035424555908,"percentile":0.6158402266386395}},"source_xml":"201413179349306416_public.xml"},{"Organization":{"value":null,"Person":["Shawn Schow","Matt Juhl","Rhonda Graves","Mary Edinger","Dan Carlson","Thomas Hangge","Mike Kronebusch","Dawn McGinley","Sylvia Propps","Kristi Mukomela","Sharon Hansen","Scott Henning"],"Title":["Board Member","Board Member","Board Member","Board Member","Board Member","Chairman","Board Member","Board Member","Board Member","President","Chief Financial Officer","Vice President -Marketing, Sales & Member Experience"],"Hours":[1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,50.0,50.0,50.0],"Total Compensation":[1100,1100,1100,800,500,1200,1100,800,700,762639,238989,148667],"Direct compensation":[1100,1100,1100,800,500,1200,1100,800,700,727114,138794,114250],"Other compensation":[0,0,0,0,0,0,0,0,0,35525,100195,34417]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 14,879 member owners with competitively priced financial solutions including real estate and consumer loans, credit cards, savings, checking, and investments. additional services include atm/debit cards, atms, online banking, mobile banking, bill pay and more.","year":2018,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"www.novation.org","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Kristi Mukomela","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":13,"tax_period_begin":"2018-01-01T00:00:00","tax_period_end":"2018-12-31T00:00:00","address":"500 Imperial Avenue, Oakdale, MN, 551287151, USA","city":"Oakdale","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":33,"Total Gross UBI":43427,"Net unrelated business taxable income":-19646,"Number of employees":33,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":7079455,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":6948223,"Total revenue":{"value":6948223,"Real Estate Lending":1950073,"Consumer Lending":2861597,"Investment Center":385213,"Insurance Related Activities":86447,"Deposit Credit Intermediation":1664893},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":131232,"Investment income total":131232,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":6026862,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":356143,"Benefits paid to members Total":356143},"Salaries":{"value":130356,"Current officers":9000,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":96859,"Other employee benefits":24497,"Payroll taxes":0},"Other expenses":{"value":5540363,"Management services":0,"Legal":1074,"Accounting":38400,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":72864,"Office expenses":123877,"Information technology":731424,"Royalties":0,"Occupancy":258747,"Travel":19015,"Conferences and meetings":19976,"Interest":31711,"Payments to affiliates":0,"Depreciation and depletion":268242,"Insurance":34040,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":3790450,"Insperity Service Fees":2487605,"ATM/debit card and machine expense":552272,"Loan Servicing":638944,"Loan Loss Provision":111629},"All other expenses":150543},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":144238783,"Non-interest bearing cash":1100146,"Savings and temp cash investments":2194554,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":133244251,"Inventories for sale or use":0,"Prepaid expenses deferred charges":768148,"Land, building, equipment":2491434,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":4440250},"Liabilities":{"value":131989390,"Sum of Total Liabilities":0,"Accounts payable, accrued":1182390,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":490000,"Other liabilities":130317000},"Fund balance":{"value":12249393,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.14868277289706622,"percentile":0.6968884657015468},"Liabilities to Assets Ratio":{"score":0.9150755937811815,"percentile":0.06216211676523557},"Operating Reserve Ratio":{"score":23.93265068952964,"percentile":0.9565321863710045},"Officer Compensation Ratio":{"score":0.19225510721831693,"percentile":0.32727356197440155},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.06822197152833391,"percentile":0.6754822639578191},"Asset Growth":{"score":0.07897842063255275,"percentile":0.6256841164429898},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6090244280315672,"percentile":0.6316604148122253}},"source_xml":"201922349349300047_public.xml"},{"Organization":{"value":null,"Person":["MIKE KRONEBUSCH","MARY EDINGER","DAN CARLSON","DARYL THOENNES","DAWN MCGINLEY","JOHN SCHWALBACH","MATT JUHL","SHAWN SCHOW","JOSEPH PAUL","WENDY BENSON","KRISTI MUKOMELA","TERRY KAHLE","NICK ALTAVILLA","SCOTT HENNING"],"Title":["EVP OF STRATEGY","DIRECTOR","DIRECTOR","DIRECTOR","CHAIR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","PRESIDENT/CEO","VP OF FINANCE/CFO","VP OF OPERATIONS/COO","VP OF MARKETING/CMO"],"Hours":[50.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,50.0,50.0,50.0,50.0],"Total Compensation":[212491,1200,1200,1200,1200,1200,1200,1200,1200,1200,287718,192484,132344,117828],"Direct compensation":[194475,1200,1200,1200,1200,1200,1200,1200,1200,1200,267082,165978,117744,104475],"Other compensation":[18016,0,0,0,0,0,0,0,0,0,20636,26506,14600,13353]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 17,000 member owners.","year":2023,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"WWW.NOVATION.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"MICHAEL KRONEBUSCH","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":14,"tax_period_begin":"2023-01-01T00:00:00","tax_period_end":"2023-12-31T00:00:00","address":"500 IMPERIAL AVE, OAKDALE, MN, 551287151, USA","city":"OAKDALE","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":41,"Total Gross UBI":19601,"Net unrelated business taxable income":0,"Number of employees":41,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":11293465,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":10011385,"Total revenue":{"value":10011385,"LOAN INTEREST INCOME":7201941,"OTHER INCOME":2417127,"FEE INCOME":392317},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":1282080,"Investment income total":1282080,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":9770324,"Grant expense":{"value":20878,"Grants to domestic orgs":20878,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":2233645,"Benefits paid to members Total":2233645},"Salaries":{"value":3685983,"Current officers":953665,"Disqualified persons":0,"Other salaries and wages":2009400,"Pension plan contributions":168864,"Other employee benefits":554054,"Payroll taxes":0},"Other expenses":{"value":3829818,"Management services":0,"Legal":810,"Accounting":102263,"Lobbying services":0,"Investment management fees":0,"Other services":820857,"Advertising":143334,"Office expenses":1101457,"Information technology":0,"Royalties":0,"Occupancy":231827,"Travel":86784,"Conferences and meetings":0,"Interest":18,"Payments to affiliates":0,"Depreciation and depletion":316644,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1025824,"LOAN SERVICING EXPENSE":690571,"CREDIT LOSS PROVISION":260109,"MISCELLANEOUS OPERATING":59776,"OPERATING FEES":15368},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":227086966,"Non-interest bearing cash":1611302,"Savings and temp cash investments":32894175,"Pledges and grants receivable":0,"Accounts receivable":51847,"Receivables from officers":2829414,"Receivables from disqual persons":0,"Other net note and loans":159762932,"Inventories for sale or use":0,"Prepaid expenses deferred charges":351412,"Land, building, equipment":2114832,"Investments publicly traded":0,"Investments other":0,"Investments program related":20874521,"Intangible assets":0,"Other assets":6596531},"Liabilities":{"value":207444417,"Sum of Total Liabilities":0,"Accounts payable, accrued":1341838,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":206102579},"Fund balance":{"value":19642549,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.1348692363238386,"percentile":0.6778884455249671},"Liabilities to Assets Ratio":{"score":0.9135020853640715,"percentile":0.062413864868009435},"Operating Reserve Ratio":{"score":23.242521537668555,"percentile":0.9549322296993751},"Officer Compensation Ratio":{"score":0.09760832905848363,"percentile":0.560014983783034},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.07999333600942306,"percentile":0.7125050848985582},"Asset Growth":{"score":0.08924441766074721,"percentile":0.6550721411495427},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.625463033714178,"percentile":0.6777934810193539}},"source_xml":"202442549349300424_public.xml"},{"Organization":{"value":null,"Person":["John McNamara","Shawn Schow","Matt Juhl","Rhonda Graves","Dolf Moon","Mary Edinger","Dan Carlson","Thomas Hangge","Mike Kronebusch","Kristi Mukomela","Sharon Hansen","Scott Henning"],"Title":["Board Member","Board Member","Board Member","Board Member","Board Member","Board Member","Board Member","Chairman","Board Member","President","Chief Financial Officer","Vice President -Marketing, Sales & Member Experience"],"Hours":[1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,50.0,50.0,50.0],"Total Compensation":[1200,1100,1000,1000,1100,900,1000,1100,800,294823,191865,135339],"Direct compensation":[1200,1100,1000,1000,1100,900,1000,1100,800,190027,121144,102544],"Other compensation":[0,0,0,0,0,0,0,0,0,104796,70721,32795]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 13,723 member owners with competitively priced financial solutions including real estate and consumer loans, credit cards, savings, checking, and investments. additional services include atm/debit cards, atms, online banking, mobile banking, bill pay and more.","year":2016,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"www.novation.org","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Kristi Mukomela","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":0,"tax_period_begin":"2016-01-01T00:00:00","tax_period_end":"2016-12-31T00:00:00","address":"500 Imperial Avenue, Oakdale, MN, 551287151, USA","city":"Oakdale","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":34,"Total Gross UBI":34270,"Net unrelated business taxable income":0,"Number of employees":34,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":6242543,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":5830609,"Total revenue":{"value":5830609,"Real Estate Lending":1854089,"Consumer Lending":1983549,"Investment Center":358453,"Insurance related activites":66042,"Deposit Credit Intermediation":1568476},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":401934,"Investment income total":117417,"Net investment gain":284517,"Income from invest bond proceeds":0},"Other revenues":{"value":10000,"Other total":10000,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":5294334,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":179576,"Benefits paid to members Total":179576},"Salaries":{"value":463344,"Current officers":9300,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":81828,"Other employee benefits":240634,"Payroll taxes":131582},"Other expenses":{"value":4651414,"Management services":0,"Legal":695,"Accounting":30235,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":57848,"Office expenses":115579,"Information technology":611260,"Royalties":0,"Occupancy":281589,"Travel":13471,"Conferences and meetings":8257,"Interest":3908,"Payments to affiliates":0,"Depreciation and depletion":252064,"Insurance":35080,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":3121608,"Oasis DEG Service Fees":1903430,"ATM/debit card and machine expense":604028,"Loan Servicing":516990,"Loan Loss Provision":97160},"All other expenses":119820},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":128141947,"Non-interest bearing cash":946565,"Savings and temp cash investments":11342866,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":108558156,"Inventories for sale or use":0,"Prepaid expenses deferred charges":589106,"Land, building, equipment":2622352,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":4082902},"Liabilities":{"value":117750062,"Sum of Total Liabilities":0,"Accounts payable, accrued":1263790,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":116486272},"Fund balance":{"value":10391885,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.1518946685669606,"percentile":0.7010423954776744},"Liabilities to Assets Ratio":{"score":0.9189033314750555,"percentile":0.06156582813449944},"Operating Reserve Ratio":{"score":24.203600868400066,"percentile":0.9571275472848128},"Officer Compensation Ratio":{"score":0.1192268942609212,"percentile":0.4921078734700595},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.06784259351440389,"percentile":0.6741820977414792},"Asset Growth":{"score":0.08292302378489223,"percentile":0.6372277096702476},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6206968343058313,"percentile":0.664645288170926}},"source_xml":"201712649349300816_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["MIKE KRONEBUSCH","JOSEPH PAUL","JOHN SCHWALBACH","WENDY BENSON","MARY EDINGER","MATT JUHL","DARYL THOENNES","DAN CARLSON","ROBERT KODY","MICHELLE NEPHEW","SHAWN SCHOW","DAWN MCGINLEY","TERRY KAHLE","NICK ALTAVILLA","LORI SCHAETZKA","TODD BRANDEL","TYLER SACHE","KRISTI MUKOMELA"],"Title":["PRESIDENT/CEO","DIRECTOR","DIRECTOR","SECRETARY","BOARD CHAIR","VICE CHAIR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","CHAIR","VP OF FINANCE/CFO","VP OF DIGITAL EXPERIENCE & OPERATIONS","DIRECTOR OF TECHNOLOGY","CHIEF LENDING OFFICER","VP OF MARKETING & STRATEGY","FORMER CEO (12/31/23)"],"Hours":[50.0,1.0,1.0,1.0,2.0,1.0,1.0,1.0,1.0,2.0,1.0,1.0,50.0,50.0,50.0,50.0,50.0,0.0],"Total Compensation":[276055,1200,1200,1200,1200,1200,1200,1200,900,900,400,400,198314,136919,130137,129199,181100,135290],"Direct compensation":[260587,1200,1200,1200,1200,1200,1200,1200,900,900,400,400,170635,121958,106107,99534,169941,133670],"Other compensation":[15468,0,0,0,0,0,0,0,0,0,0,0,27679,14961,24030,29665,11159,1620]},"Basic":{"value":null,"mission":"Novation credit union is a not-for-profit financial cooperative providing 17,000 member owners.","year":2024,"name":"NOVATION CREDIT UNION","phone":6517398080,"website":"WWW.NOVATION.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"MICHAEL KRONEBUSCH","year_formation":1954,"state_legal_domicile":"MN","total_volunteers":0,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"500 IMPERIAL AVE, OAKDALE, MN, 551287151, USA","city":"OAKDALE","state":"MN","country":"USA","zip_code":551287151},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":43,"Total Gross UBI":16323,"Net unrelated business taxable income":0,"Number of employees":43,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":13474710,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":11328922,"Total revenue":{"value":11328922,"LOAN INTEREST INCOME":8403087,"OTHER INCOME":2579185,"FEE INCOME":346650},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":2145788,"Investment income total":2145788,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":10934887,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":3008436,"Benefits paid to members Total":3008436},"Salaries":{"value":3822702,"Current officers":1062724,"Disqualified persons":0,"Other salaries and wages":2017108,"Pension plan contributions":153833,"Other employee benefits":589037,"Payroll taxes":0},"Other expenses":{"value":4103749,"Management services":0,"Legal":3066,"Accounting":161598,"Lobbying services":0,"Investment management fees":0,"Other services":931940,"Advertising":163042,"Office expenses":1125050,"Information technology":0,"Royalties":0,"Occupancy":207418,"Travel":91318,"Conferences and meetings":0,"Interest":315,"Payments to affiliates":0,"Depreciation and depletion":305105,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1114897,"LOAN SERVICING EXPENSE":629516,"CREDIT LOSS PROVISION":377321,"MISCELLANEOUS OPERATING":85245,"OPERATING FEES":22815},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":232490083,"Non-interest bearing cash":1652208,"Savings and temp cash investments":39354056,"Pledges and grants receivable":0,"Accounts receivable":76236,"Receivables from officers":2917861,"Receivables from disqual persons":0,"Other net note and loans":164198723,"Inventories for sale or use":0,"Prepaid expenses deferred charges":518468,"Land, building, equipment":1909851,"Investments publicly traded":0,"Investments other":0,"Investments program related":15436047,"Intangible assets":0,"Other assets":6426633},"Liabilities":{"value":210130995,"Sum of Total Liabilities":0,"Accounts payable, accrued":1559548,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":208571447},"Fund balance":{"value":22359088,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.18848813814916981,"percentile":0.7444336586925698},"Liabilities to Assets Ratio":{"score":0.9038277774626627,"percentile":0.06403189437477161},"Operating Reserve Ratio":{"score":21.26131554903128,"percentile":0.949762734731549},"Officer Compensation Ratio":{"score":0.10955888250148356,"percentile":0.5212329680344334},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.08805003465111519,"percentile":0.7348198455086732},"Asset Growth":{"score":0.08311014663641174,"percentile":0.637750863722855},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6364433148293429,"percentile":0.7072614237749388}},"source_xml":"202543089349300649_public.xml"},"sector":"","donation_categories":[],"zakat_policy":null},"error":null}