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DAWSON CO-OP CREDIT UNION

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.


ABA Routing Number: 291273549
Name:DAWSON CO-OP CREDIT UNION
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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