Annual Report

In preparation for Novation Credit Union’s 72nd Annual Meeting Wednesday, April 15, 2026 at 10:30 a.m. we are providing our 2025 Annual Report for your review. We are pleased with our performance in 2025 and excited for the momentum that continues in 2026.

Below you will find the Microsoft® Teams information for the Annual Meeting this Wednesday. We hope you can attend!

Annual Meeting Update as of 4/8/2026.

Meeting Details

Novation Credit Union will hold our 72nd Annual Meeting virtually on Wednesday, April 15, 2026 at 10:30 a.m. Please save the date and add the following Microsoft^® Teams information to your calendar.

Microsoft Teams Need help?

Join the meeting now
Meeting ID: 216 779 268 095 6
Passcode: vT6J8XV2

Dial in by phone
+1 651-447-4211,,760585538# United States, Golden Valley

Find a local number

Phone conference ID: 760 585 538#

Annual Meeting Update as of 4/1/2026.

Board Nominees

As previously announced, four of our Board of Directors’ positions are up for re-election in 2026. Please note that no petitions to run for the Board of Directors were received by the March 1, 2026 deadline.

Since nominations will not be accepted during the meeting, voting this year will be done by acclamation during the 72nd Annual Meeting on Wednesday, April 15, 2026 at 10:30 a.m. As stated in our email on February 2, 2026, the Annual Meeting will be held virtually.

The following have been nominated to serve three-year terms:

• • Beth Edinger (incumbent) – Retired President – Home, Health & Auto Care Division at 3M
    • Ms. Edinger began her career at 3M. She attended the University of Wisconsin-Eau Claire where she earned a Bachelor of Science degree in Chemistry. She earned her MBA at the University of St. Thomas and JD, Patent Law from Mitchen Hamline School of Law. Ms. Edinger has served on the Novation Board of Directors since 2012.
  • Michelle Nephew (incumbent) – Retired Human Resources Director at 3M
    • Ms. Nephew is recently retired from 3M. She has 35+ years of experience in a business atmosphere; 28 years in Human Resources. She earned her Bachelor of Science degree in Business Administration from St. Cloud University and Masters degree in Human Resources from the University of St. Thomas. Ms. Nephew has served on the Novation Board of Directors since 2024.
  • Dan Carlson (incumbent) – Vice President USAC TEBG at 3M
    • Mr. Carlson began his career at 3M in 1984. He attended Iowa State University where he earned a Bachelo or Science degree in Chemical Engineering. Mr. Carlson has served on the Novation Board of Directors since 2012.
  • Matt Juhl (incumbent) – Senior Materials & Planning Manager at Veolia Water Technologies
    • Mr. Juhl began his career at 3M in 2000 and moved to Veolia Water Technologies in 2023. He attended Bemidji State University where he earned a Bachelor of Science in Industrial Technology. Mr. Juhl has served on the Novation Board of Directors since 2007.

Final details about how to connect and listen to this virtual event will be provided later in March. Please continue to reference this page for further details.

Annual Meeting Update as of 3/2/2026.

Board Nominees

In 2026, four of our Board of Director positions are up for re-election. The following have been nominated to serve three-year terms:

• • Beth Edinger (incumbent) – Retired President – Home, Health & Auto Care Division at 3M
  • Michelle Nephew (incumbent) – Retired Human Resources Director at 3M
  • Dan Carlson (incumbent) – Vice President USAC TEBG at 3M
  • Matt Juhl (incumbent) – Senior Materials & Planning Manager at Veolia Water Technologies

If you wish to be considered as a candidate for Novation’s Board of Directors outside the formal nominating committee process, you must submit an official petition signed by 5% of the total membership. Petitions must be submitted by March 1, 2026 to Novation’s Supervisory Committee. Please note that nominations will not be accepted from the floor at the Annual Meeting. If you wish to run by petition, please call 800.369.6628 to obtain the necessary forms. Voting instructions and statement of qualifications for each candidate will be available on our website and sent by email on March 2, 2026.