HERMANTOWN, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CENTRICITY CREDIT UNION, founded in 1943, is a mid-sized nonprofit that reported $23.6M in total revenue in fiscal year 2025. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 20% operating margin.
WITH LOCATIONS IN HERMANTOWN, DULUTH, AND SUPERIOR, WE ARE A FINANCIAL INSTITUTION OF PEOPLE HELPING PEOPLE. WE CARE ABOUT THE COMMUNITIES WE SERVE AND LOVE GIVING OUR MEMBER THE FINANCIAL EDUCATION THEY NEED TO THRIVE AND ENCOURAGE SAVING TO BUILD ECONOMIC SECURITY FOR THEMSELVES AND THEIR FAMILIES. AT ALL LEVELS OF OUR OPERATION, WE ARE DEDICATED TO PROVIDING OUTSTANDING MEMBER SERVICE.
CREDIT UNION BANKING SERVICE PROGRAMS:THE CREDIT UNION OFFERS A FULL RANGE OF BANKING SERVICES TO THE MEMBERS. AS OF 12/31/2025 OUR MEMBERS AND NON-MEMBERS HAD $262,145,369 ON DEPOSIT IN THE CREDIT...
CREDIT UNION BANKING SERVICE PROGRAMS:THE CREDIT UNION OFFERS A FULL RANGE OF BANKING SERVICES TO THE MEMBERS. AS OF 12/31/2025 OUR MEMBERS AND NON-MEMBERS HAD $262,145,369 ON DEPOSIT IN THE CREDIT UNION. THE CREDIT UNION HAD $138,027807 IN SAVINGS ACCOUNTS, $57,896,641 IN CHECKING ACCOUNTS, $22,697,927 IN MONEY MARKET, AND $38,403,291 IN CERTIFICATES OF DEPOSIT. THE AVERAGE RATE OF RETURN ON SAVINGS ACCOUNTS AT YEAR END WAS .05%. MONEY MARKET ACCOUNTS EARNED AN AVERAGE OF 1.62% AT YEAR END. NON-IRA CERTIFICATES EARNED 3.57% AT YEAR END. THE CREDIT UNION BEGAN THE YEAR WITH 17,086 MEMBERS AND ENDED THE YEAR WITH 22,037 FOR AN INCREASE OF 4,951 MEMBERS.
CREDIT UNION LENDING:THE CREDIT UNION EXISTS TO PROVIDE LOANS TO ITS MEMBERS AT RATES AND TERMS NOT AVAILABLE TO OUR FIELD OF MEMBERSHIP THROUGH BANKS OR OTHER FINANCIAL INSTITUTIONS. THE LARGEST...
CREDIT UNION LENDING:THE CREDIT UNION EXISTS TO PROVIDE LOANS TO ITS MEMBERS AT RATES AND TERMS NOT AVAILABLE TO OUR FIELD OF MEMBERSHIP THROUGH BANKS OR OTHER FINANCIAL INSTITUTIONS. THE LARGEST PORTION OF OUR LENDING IS MADE UP OF USED VEHICLE LOANS. THE CREDIT UNION HAD $74,928,849 IN USED AUTO LOANS OUTSTANDING AT DECEMBER 31, 2025. USED AUTO LOANS REPRESENT 29.42% OF ALL OUTSTANDING LOANS AT DECEMBER 31, 2025. THE CREDIT UNION HAD $58,290,735 IN OUTSTANDING FIRST HOME LOANS AS OF 12/31/2025. THEY REPRESENT 22.89% OF OUR LOAN PORTFOLIO AND 18.11% OF OUR TOTAL ASSETS. THE AVERAGE OFFERING RATE AT DECEMBER 31, 2025 FOR FIRST MORTGAGE LOANS WAS 6.13%. THE TOTAL LOAN PORTFOLIO DECREASED $2,077,090 DURING 2025. THE DELINQUENCY RATIO FOR THE PORTFOLIO AT YEAR END WAS 0.66%.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $23,552,068 | $17,136,710 | +0.4% |
| Expenses | $18,836,405 | $13,426,580 | +0.4% |
| Net Income | $4,715,663 | $3,710,130 | +0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARGARET TAYLOR | CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK THORSTEN | VICE CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEPHEN MORGAN | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT CHRISTENSEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA HENDRICKSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANDREW HJELLE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GAYLE WAHNER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOE WARD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TED PETERSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DOUGLAS RALSTON | PRESIDENT/CEO | 40.00 |
Officer
|
$382,809 | $32,012 | $414,821 |
| CONSTANCE CARTER | CFO (THRU MAY 2025) | 40.00 |
Officer
|
$193,981 | $16,348 | $210,329 |
| JARRED BOHLIN | CFO | 40.00 |
Officer
|
$135,246 | $8,372 | $143,618 |
| DAVE HORAK | MERGER TRANSITION CONSULTANT | 40.00 |
Highest
|
$136,421 | $28,548 | $164,969 |
| CYNDY CARLSON | CHR & BUSINESS STRATEGY | 40.00 |
Highest
|
$107,886 | $32,310 | $140,196 |
| NATHAN TEPOEL | SVP OF LENDING | 40.00 |
Highest
|
$103,561 | $32,310 | $135,871 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $23,552,068 | $18,836,405 | $321,865,166 | $4,715,663 |
| 2024 | No data | No data | No data | No data |
| 2023 | $14,813,272 | $12,458,670 | $243,810,562 | $2,354,602 |
| 2022 | $11,588,464 | $9,956,848 | $236,873,562 | $1,631,616 |
| 2021 | $11,411,107 | $8,795,053 | $227,596,468 | $2,616,054 |
| 2020 | $10,321,296 | $8,581,145 | $196,623,078 | $1,740,151 |
| 2019 | $9,810,552 | $7,783,365 | $161,054,731 | $2,027,187 |
| 2018 | $8,986,041 | $7,605,149 | $149,402,069 | $1,380,892 |
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