Dec, 31, 2023 — DAKOTA PLAINS CREDIT UNION is a federally insured state chartered credit union headquartered in EDGELEY, ND with 3 branch locations and about $93.45 million in total assets. Opened 83 years ago in 1941, DAKOTA PLAINS CREDIT UNION has about 4,395 members and employs 27 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 PLAINS CREDIT UNION |
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Address: (Main Office) | 212 5th Ave EDGELEY, ND 58433 |
Phone: | (701) 493-2334 |
Fax: | (701) 493-2702 |
Website: | https://dakotaplainscreditunion.com |
Branches: | 3 branch locations |
Members: | 4,395 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63613 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $93,448,050 |
CEO/Manager: | Jeanne Witt |
Chairperson: | Kent Schimke |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,882,882 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 39,061,124 |
Unsecured Loans | 3,365,417 |
Other Loans | 35,310,982 |
TOTAL LOANS | 80,073,683 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -971,144 |
Land And Building | 950,516 |
Other Fixed Assets | 262,517 |
NCUSIF Deposit | 717,439 |
All Other Assets | 93,926 |
TOTAL ASSETS | 93,448,050 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 194,244 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,027,279 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 27,592,957 |
Regular shares | 11,848,168 |
All Other Shares & Deposits | 42,571,144 |
TOTAL SHARES & DEPOSITS | 82,012,269 |
TOTAL LIABILITIES | 83,233,792 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 10,214,258 |
TOTAL EQUITY | 10,214,258 |
TOTAL LIABILITIES, SHARES, & EQUITY | 93,448,050 |
INCOME & EXPENSE | |
Loan Income | 4,437,375 |
Investment Income | 353,559 |
Other Income | 842,285 |
Total Employee Compensation & Benefits | 2,164,849 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,552,708 |
Non-operating Income & (Expense) | 31,223 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 95,429 |
Cost of Funds | 962,809 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 888,647 |
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