Dec, 31, 2023 — COTEAU VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in SISSETON, SD with 1 branch location and about $17.00 million in total assets. Opened 74 years ago in 1950, COTEAU VALLEY FEDERAL CREDIT UNION has about 2,063 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COTEAU VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 212 W Hickory St SISSETON, SD 57262-1826 |
| Phone: | (605) 698-7481 |
| Fax: | (605) 742-0792 |
| Website: | https://coteauvalleyfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,063 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6992 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,003,811 |
| CEO/Manager: | Katie Bredvik |
| Chairperson: | Larry Peterson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,009,396 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,795,287 |
| Unsecured Loans | 298,034 |
| Other Loans | 4,956,949 |
| TOTAL LOANS | 9,050,270 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,398 |
| Land And Building | 317,698 |
| Other Fixed Assets | 106,905 |
| NCUSIF Deposit | 144,667 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,003,811 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -128,451 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,211,665 |
| Regular shares | 6,663,735 |
| All Other Shares & Deposits | 7,720,260 |
| TOTAL SHARES & DEPOSITS | 15,595,660 |
| TOTAL LIABILITIES | 15,467,209 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,536,602 |
| TOTAL EQUITY | 1,536,602 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,003,811 |
| INCOME & EXPENSE | |
| Loan Income | 605,274 |
| Investment Income | 154,863 |
| Other Income | 167,228 |
| Total Employee Compensation & Benefits | 237,445 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 381,005 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,000 |
| Cost of Funds | 265,453 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,473 |
| ↑ Back to Top | |