Source of information about of non-profits and private foundations.

Area Schools Credit Union (EIN: 45-0279071 )

Overview

Area Schools Credit Union is was formed in 1958 in Grand forks, ND and is non-profit organization still located in the same city. Organization is led by Lonny Nygren, and had governing board consisting of 8 members. In 2015 this non-profit organization had 6 employees.

Primary Exempt Statement

To provide a savings facility and loans and financial services to the approx.2425 members of the credit union
Area Schools Credit Union is not IRS Exempt Organizations Select Check Database.
Organization has likely closed in 2015 or 2016.

Finances and Program Service Revenues

It had revenue of $906,182.00 and expenses $740,110.00 between January 2015 and December 2015 it had program service revenue of $906,182.00 and program service expenses $731,124.00 .

Area Schools Credit Union started 2015 with $21,963,676.00 in assets, and finished it with $22,033,496.00

Revenue have exceeded expenses and program service revenue have exceeded program service expenses for all of the reporting periods. While total assets of have grown in some years, it also had shrinked in other years.

More information available in detailed financial report for years 2010, 2011, 2012, 2013, 2014 and 2015
Tax Year Total Revenue Total Expenses Net Revenues Total Assets BOY Total Assets EOY Change in Assets
January 2010 - December 2010 $1,051,912.00 $914,735.00 $137,177.00 $17,965,316.00 $19,673,433.00 $1,708,117.00
January 2011 - December 2011 $1,069,642.00 $846,102.00 $223,540.00 $19,673,433.00 $20,759,737.00 $1,086,304.00
January 2012 - December 2012 $1,010,498.00 $703,618.00 $306,880.00 $20,759,737.00 $20,084,286.00 -$675,451.00
January 2013 - December 2013 $964,681.00 $736,823.00 $227,858.00 $20,084,286.00 $20,903,962.00 $819,676.00
January 2014 - December 2014 $941,390.00 $697,615.00 $243,775.00 $20,903,962.00 $21,963,676.00 $1,059,714.00
January 2015 - December 2015 $906,182.00 $740,110.00 $166,072.00 $21,963,676.00 $22,033,496.00 $69,820.00

Governance

Area Schools Credit Union has fairly large board consisting of 8 members. The board members are Daryl Bragg as board chair, Bruce Tufte as board member, Darin Mitchell as board vice-chair, Marsha Gunderson as board member, Gary Prouty as board member, Stanley Kovarik as board member, Dan Kovarik as board member and Lonny Nygren as exec director/ceo.
Tax Returns

More information on individual tax returns for 2010, 2011, 2012, 2013, 2014, 2015 year.

Web Presence

Area Schools Credit Union maintains web site at http://www.gfaccu.com .

Address

Area Schools Credit Union was located on 1 different addresses. Area Schools Credit Union
2800 S Washington St
Grand Forks, ND 58201

Business Officer

Years: 2010, 2011, 2012, 2013, 2014 and 2015
Chalon Yoder
Accounting
(701) 772-xxxx

Board of Directors

Governing board for each of tax years 2010, 2011, 2012, 2013, 2014, 2015 .

In tax year 2015 board of directors consisted of: