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Centricity Credit Union

  • Hermantown, MN
  • EIN: 41-0788273

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Details

According to its Dec. 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$17.1M (2024)

Expenses
$13.4M (2024)

Total Assets
$243M (2024)

Total Liabilities
$212M (2024)

Source: Form 990 tax filings from 2017 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,136,710
Expenses
$13,426,580
Net Income
$3,710,130
Net Assets
$31,006,617
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,401,015
89.9%
Investment Income $1,680,329
9.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $55,366
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $521,095
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,903,839
29.1%
Assets/Debt
Total Assets $242,958,199
Total Liabilities $211,951,582
Net Assets $31,006,617
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Douglas Ralston (President/Ceo) $296,025 $0 $26,926
Constance Carter (Cfo) $178,747 $0 $19,397
Jim Swanson (Vp Of Operations) $130,169 $0 $64,180
Jarred Bohlin (Vp Of Finance & Risk Management) $103,964 $0 $13,938
Nathan Tepoel (Svp Of Lending) $101,757 $0 $28,859
Margaret Taylor (Chairperson) $0 $0 $0
Mark Thorsten (Vice Chairperson) $0 $0 $0
Stephen Morgan (Secretary) $0 $0 $0
Garrett Busch (Director (Thru 06/2024)) $0 $0 $0
Scott Christensen (Director) $0 $0 $0
Patricia Hendrickson (Director) $0 $0 $0
Andrew Hjelle (Director) $0 $0 $0
Gayle Wahner (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 7, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,813,272
Expenses
$12,458,670
Net Income
$2,354,602
Net Assets
$27,012,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,689,406
92.4%
Investment Income $1,144,208
7.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$30,590
Net Inventory Sales $0
Other Revenue $10,248
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $464,769
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,752,797
30.1%
Assets/Debt
Total Assets $243,810,562
Total Liabilities $216,797,925
Net Assets $27,012,637
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Doug Ralston (President/Ceo) $221,475 $0 $36,319
Constance Carter (Cfo) $187,804 $0 $19,171
Tory Lukovsky (Vp Of Credit Risk) $127,758 $0 $24,246
Margaret Taylor (Chairperson) $0 $0 $0
Mark Thorsten (Vice Chairperson) $0 $0 $0
Stephen Morgan (Secretary) $0 $0 $0
Garrett Busch (Director) $0 $0 $0
Scott Christensen (Director) $0 $0 $0
Patricia Hendrickson (Director) $0 $0 $0
Andrew Hjelle (Director) $0 $0 $0
Gayle Wahner (Director) $0 $0 $0
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Document Links

990
Filed on May 2, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,588,464
Expenses
$9,956,848
Net Income
$1,631,616
Net Assets
$24,232,497
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,757,472
92.8%
Investment Income $646,512
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,000
0.1%
Net Fundraising $0
Sales of Assets -$13,445
Net Inventory Sales $0
Other Revenue $191,925
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $657,194
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,013,374
30.3%
Assets/Debt
Total Assets $236,873,562
Total Liabilities $212,641,065
Net Assets $24,232,497
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Doug Ralston (President/Ceo) $438,365 $0 $35,975
Constance Carter (Cfo) $141,028 $0 $41,827
Margaret Taylor (Chairperson) $0 $0 $0
Mark Thorsten (Vice Chairperson) $0 $0 $0
Stephen Morgan (Secretary) $0 $0 $0
Garrett Busch (Director) $0 $0 $0
Scott Christensen (Director) $0 $0 $0
Patricia Hendrickson (Director) $0 $0 $0
Gayle Wahner (Director) $0 $0 $0
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Document Links

990
Filed on Oct. 30, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,411,107
Expenses
$8,795,053
Net Income
$2,616,054
Net Assets
$23,390,051
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,918,710
95.7%
Investment Income $301,055
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,000
0.1%
Net Fundraising $0
Sales of Assets -$5,349
Net Inventory Sales $0
Other Revenue $190,691
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $677,373
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,527,040
28.7%
Assets/Debt
Total Assets $227,596,468
Total Liabilities $204,206,417
Net Assets $23,390,051
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Constance Carter (Cfo) $330,352 $0 $61,463
Doug Ralston (President/Ceo) $198,378 $0 $87,181
Margaret Taylor (Chairperson) $0 $0 $0
Mark Thorsten (Vice Chairperson) $0 $0 $0
Stephen Morgan (Secretary) $0 $0 $0
Garrett Busch (Director) $0 $0 $0
Scott Christensen (Director) $0 $0 $0
Patricia Hendrickson (Director) $0 $0 $0
Gayle Wahner (Director) $0 $0 $0
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Document Links

990
Filed on May 3, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,321,296
Expenses
$8,581,145
Net Income
$1,740,151
Net Assets
$20,756,360
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,938,438
96.3%
Investment Income $376,974
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,000
0.1%
Net Fundraising $0
Sales of Assets -$3,498
Net Inventory Sales $0
Other Revenue $3,382
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $410,474
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,264,518
26.4%
Assets/Debt
Total Assets $196,623,078
Total Liabilities $175,866,718
Net Assets $20,756,360
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Doug Ralston (President/Ceo) $169,288 $0 $80,592
Constance Carter (Cfo) $115,769 $0 $44,824
Margaret Taylor (Chairperson) $0 $0 $0
Mark Thorsten (Vice Chairperson) $0 $0 $0
Stephen Morgan (Secretary) $0 $0 $0
Garrett Busch (Director) $0 $0 $0
Scott Christensen (Director) $0 $0 $0
Patricia Hendrickson (Director) $0 $0 $0
Gayle Wahner (Director) $0 $0 $0
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Document Links

990
Filed on April 8, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,810,552
Expenses
$7,783,365
Net Income
$2,027,187
Net Assets
$18,934,933
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,231,896
94.1%
Investment Income $571,419
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,000
0.1%
Net Fundraising $0
Sales of Assets $1,237
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $294,848
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,020,598
26.0%
Assets/Debt
Total Assets $161,054,731
Total Liabilities $142,119,798
Net Assets $18,934,933
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Doug Ralston (President/Ceo) $154,437 $0 $66,611
Constance Carter (Cfo) $103,714 $0 $69,076
Garrett Busch (Director) $0 $0 $0
Scott Christensen (Director) $0 $0 $0
Patricia Hendrikson (Director) $0 $0 $0
Renee Mcadams (Director (Thru March)) $0 $0 $0
Gayle Wahner (Associate Director) $0 $0 $0
Margaret Taylor (Chairperson) $0 $0 $0
Leonard Luoma (Chairperson (Thru November)) $0 $0 $0
Mark Thorsten (Vice Chairperson) $0 $0 $0
Stephen Morgan (Secretary) $0 $0 $0
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990
Filed on May 12, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,986,041
Expenses
$7,605,149
Net Income
$1,380,892
Net Assets
$16,779,978
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,491,618
94.5%
Investment Income $503,017
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,000
0.1%
Net Fundraising $0
Sales of Assets -$14,594
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $514,809
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,624,777
21.4%
Assets/Debt
Total Assets $149,402,069
Total Liabilities $132,622,091
Net Assets $16,779,978
Compensation
Key Employees and Officers Compensation Related Other
Douglas Ralston (Ceo/Treasurer (As Of 5/22/18)) $235,551 $0 $66,618
Constance Carter (Cfo) $92,369 $0 $40,673
Scott Lundgren (Ceo/Treasurer (Until 5/21/18)) $72,831 $0 $3,864
Leonard Luoma (Chair) $0 $0 $0
Margaret Taylor (Vice Chair) $0 $0 $0
Stephen Morgan (Secretary) $0 $0 $0
Patricia Hendrickson (Board Member) $0 $0 $0
Renee Mcadamis (Board Member) $0 $0 $0
Mark Thorsten (Board Member) $0 $0 $0
Gayle Wahner (Board Member) $0 $0 $0
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990
Filed on Nov. 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,302,399
Expenses
$3,917,466
Net Income
$384,933
Net Assets
$15,340,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,088,665
95.0%
Investment Income $217,439
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,705
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $134,989
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $813,062
20.8%
Assets/Debt
Total Assets $139,210,370
Total Liabilities $123,870,101
Net Assets $15,340,269
Compensation
Key Employees and Officers Compensation Related Other
Scott Lundgren (Ceo) $142,078 $0 $9,519
Constance Carter (Cfo) $86,702 $0 $39,270
Leonard Luoma (Board Chair) $0 $0 $0
Margaret Taylor (Board Vice Chair) $0 $0 $0
Stephen Morgan (Board Secretary) $0 $0 $0
Patricia Hendrickson (Board Member) $0 $0 $0
Renee Mcadamis (Board Member) $0 $0 $0
Mark Thorsten (Board Member) $0 $0 $0
Gayle Wahner (Board Member) $0 $0 $0
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Document Links

990
Filed on Nov. 21, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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