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DAKOTA TELCO FEDERAL CREDIT UNION

Mar, 31, 2021 — DAKOTA TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in FARGO, ND with 1 branch location and about $22.12 million in total assets. Opened 85 years ago in 1936, DAKOTA TELCO FEDERAL CREDIT UNION has about 784 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DAKOTA TELCO FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 7387
FARGO, ND 58106
Phone:(701) 298-8207
Fax:(701) 298-8904
Website:http://www.dakotatelco.com
Branches:1 branch locations
Members:784
Credit Union Type:Federal Credit Union
Charter Number:1862
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1936
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$22,121,297
CEO/Manager:Mary Hildre
Chairperson:Jeraldine Schmidt

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,441,554
TOTAL INVESTMENTS 15,400,234
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 1,069,663
 TOTAL LOANS 1,069,663
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,773
 Land And Building 0
 Other Fixed Assets 9,056
 NCUSIF Deposit 173,468
 All Other Assets 36,095
  TOTAL ASSETS 22,121,297
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 19,498,241
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 19,498,241
  TOTAL LIABILITIES 19,498,241
 Regular Reserve 305,257
 Other Reserves 53,046
 Undivided Earnings 2,264,753
  TOTAL EQUITY 2,623,056
  TOTAL LIABILITIES, SHARES, & EQUITY 22,121,297
INCOME & EXPENSE  
 Loan Income 6,706
 Investment Income 41,942
 Other Income 0
 Total Employee Compensation & Benefits 16,841
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,865
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 11,764
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,178
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