Dec, 31, 2023 — DAWSON CO-OP CREDIT UNION is a federally insured state chartered credit union headquartered in DAWSON, MN with 4 branch locations and about $261.73 million in total assets. Opened 63 years ago in 1961, DAWSON CO-OP CREDIT UNION has about 8,645 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DAWSON CO-OP CREDIT UNION |
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Address: (Main Office) | 711 6TH ST DAWSON, MN 56232 |
Phone: | (320) 769-2908 |
Fax: | |
Website: | https://greaterccu.com |
Branches: | 4 branch locations |
Members: | 8,645 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61624 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $261,726,019 |
CEO/Manager: | John Nevins |
Chairperson: | David Zaske |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,344,514 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 70,541,497 |
Unsecured Loans | 2,783,207 |
Other Loans | 90,519,950 |
TOTAL LOANS | 164,711,081 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,119,327 |
Land And Building | 457,541 |
Other Fixed Assets | 294,055 |
NCUSIF Deposit | 1,905,016 |
All Other Assets | 0 |
TOTAL ASSETS | 261,726,019 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 28 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 170,618 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 49,290,972 |
Regular shares | 92,630,000 |
All Other Shares & Deposits | 70,063,980 |
TOTAL SHARES & DEPOSITS | 211,984,952 |
TOTAL LIABILITIES | 212,155,598 |
Regular Reserve | 0 |
Other Reserves | 1,083,086 |
Undivided Earnings | 48,487,335 |
TOTAL EQUITY | 49,570,421 |
TOTAL LIABILITIES, SHARES, & EQUITY | 261,726,019 |
INCOME & EXPENSE | |
Loan Income | 7,796,951 |
Investment Income | 3,974,454 |
Other Income | 231,229 |
Total Employee Compensation & Benefits | 1,986,690 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,596,887 |
Non-operating Income & (Expense) | -1,096 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 225,000 |
Cost of Funds | 3,764,043 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,045,936 |
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