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DAWSON CO-OP CREDIT UNION

Jun, 30, 2023 — DAWSON CO-OP CREDIT UNION is a federally insured state chartered credit union headquartered in DAWSON, MN with 4 branch locations and about $278.22 million in total assets. Opened 62 years ago in 1961, DAWSON CO-OP CREDIT UNION has about 8,658 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://dawsonco-opcu.com
Branches:4 branch locations
Members:8,658
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:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$278,219,681
CEO/Manager:John Nevins
Chairperson:Randy Fjerkenstad

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 17,597,902
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 57,767,076
 Unsecured Loans 2,879,785
 Other Loans 76,311,880
 TOTAL LOANS 139,545,294
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,147,235
 Land And Building 502,361
 Other Fixed Assets 176,516
 NCUSIF Deposit 2,070,577
 All Other Assets 0
  TOTAL ASSETS 278,219,681
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 161,400
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 47,455,092
 Regular shares 17,876,002
 All Other Shares & Deposits 169,425,762
  TOTAL SHARES & DEPOSITS 234,756,856
  TOTAL LIABILITIES 234,918,256
 Regular Reserve 0
 Other Reserves 1,083,086
 Undivided Earnings 42,218,339
  TOTAL EQUITY 43,301,425
  TOTAL LIABILITIES, SHARES, & EQUITY 278,219,681
INCOME & EXPENSE  
 Loan Income 4,533,270
 Investment Income 811,657
 Other Income 177,865
 Total Employee Compensation & Benefits 1,359,316
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 963,454
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 150,000
 Cost of Funds 1,130,456
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,546,632
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