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 |
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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 |
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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 |
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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 |
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