Sep, 30, 2025 — DEER RIVER COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in DEER RIVER, MN with 1 branch location and about $29.71 million in total assets. Opened 88 years ago in 1938, DEER RIVER COOPERATIVE CREDIT UNION has about 1,994 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEER RIVER COOPERATIVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 51 2ND ST SE DEER RIVER, MN 56636 |
| Phone: | (218) 246-8777 |
| Fax: | (218) 246-9731 |
| Website: | https://www.drccu.com |
| Branches: | 1 branch locations |
| Members: | 1,994 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60388 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,705,212 |
| CEO/Manager: | MARY GOGGLEYE |
| Chairperson: | CHARLES ISAACS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,476,956 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,075,112 |
| Unsecured Loans | 272,961 |
| Other Loans | 6,495,070 |
| TOTAL LOANS | 24,843,143 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,744 |
| Land And Building | 242,533 |
| Other Fixed Assets | 52,903 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 256,642 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,705,212 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,823 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,041,734 |
| Regular shares | 14,962,621 |
| All Other Shares & Deposits | 6,535,942 |
| TOTAL SHARES & DEPOSITS | 26,540,298 |
| TOTAL LIABILITIES | 26,561,121 |
| Regular Reserve | 0 |
| Other Reserves | 416,704 |
| Undivided Earnings | 2,727,387 |
| TOTAL EQUITY | 3,144,091 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,705,212 |
| INCOME & EXPENSE | |
| Loan Income | 965,592 |
| Investment Income | 90,591 |
| Other Income | 41,431 |
| Total Employee Compensation & Benefits | 284,210 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 283,895 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,547 |
| Cost of Funds | 344,772 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 182,145 |
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