North Star Community Credit Union

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

16 people listed

BOB HERRINGTON (CEO/PRESIDENT): $555,528 total reported compensation
DEAN AANDERUD (CLO): $212,381 total reported compensation
STEVE NANNICELLI (CHIEF EXPERIENCE OFFICER): $193,275 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

The mission of North Star Community Credit Union is to deliver financial solutions, one person at a time.

Non-profit organization providing financial services to a field of membership.

Revenue model: Earned-program. 78% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 6.1%; rating input score 57; 57th percentile among comparable filings
Total-asset coverage ratio: 16.39; rating input score 95; 95th percentile among comparable filings
Liabilities to assets ratio: 0.88; rating input score 11; 11th percentile among comparable filings
Officer compensation ratio: 7%; rating input score 36; 36th percentile among comparable filings

Program expense growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
Revenue growth: 11.8% per year; rating input score 100; 80th percentile among comparable filings
Asset growth: 10.2% per year; rating input score 100; 66th percentile among comparable filings

What they do: 3 programs and campaigns described on the official site · 1 operating location identified
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $556K · 16 people listed · 1 of 6 pay-setting controls reported
Highest-paid contractors: 3 contractors listed · $512K reported
Consistency: 12 of 12 current checks pass
Schedules: 5 filed schedules · includes executive pay
Filing history: 15 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 10 filed money-flow records
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.