Sep, 30, 2025 — DAKOTA WEST CREDIT UNION is a federally insured state chartered credit union headquartered in WATFORD CITY, ND with 8 branch locations and about $335.02 million in total assets. Opened 85 years ago in 1941, DAKOTA WEST CREDIT UNION has about 7,217 members and employs 52 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DAKOTA WEST CREDIT UNION |
|---|---|
| Address: (Main Office) | 340 N MAIN ST WATFORD CITY, ND 58854 |
| Phone: | (701) 444-6484 |
| Fax: | (701) 444-3829 |
| Website: | https://www.dakotawestcu.com |
| Branches: | 8 branch locations |
| Members: | 7,217 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62380 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $335,016,044 |
| CEO/Manager: | Jeff Reiter |
| Chairperson: | Andrew Fisher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,715,442 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 110,896,692 |
| Unsecured Loans | 3,763,421 |
| Other Loans | 57,250,991 |
| TOTAL LOANS | 171,911,104 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,904,761 |
| Land And Building | 5,673,838 |
| Other Fixed Assets | 413,714 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,981,057 |
| All Other Assets | 1,104,288 |
| TOTAL ASSETS | 335,016,044 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,365,057 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,847,253 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 88,261,552 |
| Regular shares | 131,983,766 |
| All Other Shares & Deposits | 72,239,357 |
| TOTAL SHARES & DEPOSITS | 292,484,676 |
| TOTAL LIABILITIES | 295,750,029 |
| Regular Reserve | 0 |
| Other Reserves | -2,686,076 |
| Undivided Earnings | 41,952,091 |
| TOTAL EQUITY | 39,266,015 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 335,016,044 |
| INCOME & EXPENSE | |
| Loan Income | 7,382,524 |
| Investment Income | 3,501,060 |
| Other Income | 831,765 |
| Total Employee Compensation & Benefits | 4,410,539 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,240,716 |
| Non-operating Income & (Expense) | -395,832 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 846,386 |
| Cost of Funds | 2,616,175 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,020,342 |
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