Dec, 31, 2022 — 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.
| 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 |
| 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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