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DAKOTA TELCO FEDERAL CREDIT UNION

Dec, 31, 2023 — DAKOTA TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in FARGO, ND with 3 branch locations and about $19.96 million in total assets. Opened 88 years ago in 1936, DAKOTA TELCO FEDERAL CREDIT UNION has about 732 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:https://www.dakotatelco.com
Branches:3 branch locations
Members:732
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$19,959,559
CEO/Manager:Mary Hildre
Chairperson:Jeraldine Schmidt

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,810,735
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 877,252
 TOTAL LOANS 877,252
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,912
 Land And Building 0
 Other Fixed Assets 3,372
 NCUSIF Deposit 192,054
 All Other Assets 0
  TOTAL ASSETS 19,959,559
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 18,636,193
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 18,636,193
  TOTAL LIABILITIES 18,636,193
 Regular Reserve 0
 Other Reserves -536,254
 Undivided Earnings 1,859,620
  TOTAL EQUITY 1,323,366
  TOTAL LIABILITIES, SHARES, & EQUITY 19,959,559
INCOME & EXPENSE  
 Loan Income 18,643
 Investment Income 103,528
 Other Income 0
 Total Employee Compensation & Benefits 66,340
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 61,804
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,709
 Cost of Funds 35,810
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -40,074
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