Dakota West Credit Union

Dakota West Credit Union Overview

Dakota West Credit Union is located in Watford City, ND. The organization was established in 1944. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2020, Dakota West Credit Union employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota West Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2020, Dakota West Credit Union generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $9.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZATION IS A STATE CHARTERED CREDIT UNION - N/A

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


N/A


N/A


N/A N/A


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Dakota West Credit Union Board, Officers & Key Employees

Name (title)Compensation
Jeff Meyer
CEO
$236,383
Korey Hagan
Cco
$123,639
Tammy Kalberer
CFO
$105,657
Joy Brew
Chairperson
$0
Jim Svihovec
Vice Chairpe
$0
Lynn Oberg
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$5,675,897
Investment income $2,539,287
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,089,638

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