NOVATION CREDIT UNION
500 IMPERIAL AVE, OAKDALE, MN 551287151 www.novation.org

Total Revenue
$8,044,478
Total Expenses
$7,119,026
Net Assets
$13,174,845

Organizations Filed Purposes: TO OFFER PERSONALIZED FINANCIAL SOLUTIONS EXCLUSIVELY TO 3M EMPLOYEES AND THEIR FAMILIES

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.

PROVIDED OVER 2,464 VEHICLE, HOME EQUITY, 1ST MORTGAGE, STUDENT LOANS AND OTHER LOANS FOR OVER $42.7 MILLION TO MEMBER OWNERS, ORIGINATED 112 1ST MORTGAGES TOTALING OVER $26.78 MILLION AND SOLD TO THE SECONDARY MARKET, AND ALSO PROCESSED OVER 250,000 VISA SALES TRANSACTIONS TOTALING $16.65 MILLION FOR MEMBER OWNERS. (15,552 MEMBER OWNERS).

PROVIDED COMPETETIVE SAVINGS AND INVESTMENT OPPORTUNITIES, AND RETIREMENT PLANNING SERVICES TO MEMBER OWNERS (15,552 MEMBER OWNERS).

CHECKING SERVICES THAT INCLUDE ATM, DEBIT CARDS, DIRECT DEPOSIT, ONLINE BANKING, BILLPAY, ACH, AND MOBILE PAYMENTS TO MEMBER OWNERS (15,552 MEMBER OWNERS).

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Kristi MukomelaPRESIDENT50$220,439
Sharon HansenCHIEF FINANCIAL OFFICER/TREASURER50$147,065
Scott HenningCHIEF MARKETING OFFICER50$121,483
Nick AltavillaVICE PRESIDENT - OPERATIONS50$103,061
Mike KronebuschCHAIR1$1,200
Matt JuhlVICE CHAIR1$1,200
Shawn SchowSECRETARY1$1,100
Dawn McginleyDIRECTOR1$1,100
Dan CarlsonDIRECTOR1$900
John SchwalbachDIRECTOR1$800
Nancy SeleskiDIRECTOR1$600
Sylvia ProppsDIRECTOR1$600
Mary EdingerDIRECTOR1$600
Thomas HanggeCHAIR1$600
Rhonda GravesDIRECTOR1$300

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202013219349323311_public.xml