Mission
TO OFFER PERSONALIZED FINANCIAL SOLUTIONS EXCLUSIVELY TO 3M EMPLOYEES, MCLEOD COUNTY, SOLVENTUM EMPLOYEES, WASHINGTON COUNTY, AND NOVATION CREDIT UNION FOUNDATION DONORS AND THEIR FAMILIES.
Public Charity
NOVATION CREDIT UNION
NOVATION CREDIT UNION is a Public Charity headquartered in OAKDALE, MN. Financial data from the 2025 filing: $14.7M revenue, $11.9M expenses, $241.8M total assets. IRS filings disclose 1 grants awarded by this foundation, totaling roughly $21K.
EIN: 410800081
OAKDALE, MN
Latest filing: 2025
Total Revenue$14.7M
Total Expenses$11.9M
Total Assets$241.8M
Grants Given1
Grant Total$21K
Filing Years2020–2025
Sample Grants Given
DONATION
$20,878
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
DIRECTOR
Dan Carlson
DIRECTOR
Daryl Thoennes
DIRECTOR
Erdem Olgun
DIRECTOR
John Schwalbach
DIRECTOR
Joseph Paul
DIRECTOR OF TECHNOLOGY
Loti Schaetzka
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $14.7M | $11.9M | $241.8M |
| 2024 | $13.5M | $10.9M | $232.5M |
| 2023 | $11.3M | $9.8M | $227.1M |
| 2022 | $9.3M | $7.3M | $224.7M |
| 2020 | $8.3M | $6.9M | $193.0M |
Between 2020 and 2025, reported annual revenue grew from $8.3M to $14.7M (+77%), with total assets most recently reported at $241.8M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in MN.
MN
Full geographic grant map with state-by-state breakdown available with membership.