Novation Credit Union

Unknown organization based in Oakdale, MN. 43 employees. Exempt under §501(c)(14).

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

EIN
41-0800081
State
MN
Sector
Unknown
Budget band
$10M–$25M
Latest filing
TY 2024
Records
6 officers · 6 years

Financial snapshot · TY 2024

$13.5M
Total revenue
$10.9M
Total expenses
$232.5M
Net assets

Financial health · TY 2024

51
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
24.5 months of expenses
Program efficiency
0
Program expenses as % of total
Revenue diversity
54
Mix of program fees, grants & contributions

Leadership compensation

Mike Kronebusch
PRESIDENT/CEO
$276,055
Terry Kahle
VP OF FINANCE/CFO
$198,314
Tyler Sache
VP OF MARKETING & STRATEGY
$181,100
Nick Altavilla
VP OF DIGITAL EXPERIENCE & OPERATIONS
$136,919
Lori Schaetzka
DIRECTOR OF TECHNOLOGY
$130,137

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Novation Credit Union Executive Compensation | 990 Data | DoubleNine