Credit Union Association Of The Dakotas

Dakota Credit Union Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204608169 ✦ Bismarck, ND ✦ Designated as a 501(c)(6)

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Overview

What is Credit Union Association Of The Dakotas?

The Credit Union Association of the Dakotas is a nonprofit organization dedicated to supporting member credit unions in North and South Dakota. Their mission is to promote these financial institutions as reliable and secure depositories, responsible lenders, and the ideal choice for consumers seeking financial services. The Association accomplishes this by offering various programs and services to its member credit unions, ultimately contributing to the overall financial well-being of the communities they serve.


Official website here: www.dakcu.org

Is Credit Union Association Of The Dakotas legitimate?

Credit Union Association Of The Dakotas is a legitimate nonprofit organization registered as a 501(c)(6) entity. Credit Union Association Of The Dakotas submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $282,604
Professional Fundraising Fees: $0
Other Salaries and Wages: $281,522

For more financial information, click here


Official website here: www.dakcu.org

What is the mission statement of Credit Union Association Of The Dakotas?

The Credit Union Association of the Dakotas works to advocate for its member Credit Unions, positioning them as reliable and secure institutions for insured deposits. They emphasize responsible lending practices and position Credit Unions as the optimal choice for consumers seeking financial services. The Association supports its member Credit Unions through various programs, aiming to enhance their credibility and effectiveness in providing financial services.


Official website here: www.dakcu.org

Who is the CEO of Credit Union Association Of The Dakotas?

Jeff Olson is the Chair of Credit Union Association Of The Dakotas. The CEO's salary of Credit Union Association Of The Dakotas is $0 and their total compensation is $231,001.


Official website here: www.dakcu.org

What is the revenue of Credit Union Association Of The Dakotas?

Credit Union Association Of The Dakotas's revenue in 2022 was $1,508,339.


Official website here: www.dakcu.org

Who are the executives of Credit Union Association Of The Dakotas and what are their salaries?

There 7 volunteers at Credit Union Association Of The Dakotas.


Here are 9 key members and their salaries (Credit Union Association Of The Dakotas's CEO's salary is $0 and their total compensation is $231,001):


Jarrod Reisner (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melanie Stillwell (First Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Rinkenberger (Second Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lacey Terwee (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darla Schafer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Van Ash (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Bredvik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Olson (President/Ceo)
  • Compensation: $0
  • Related: $199,087
  • Other: $31,914
Karla Clark (Cfo/Vp Of Operations)
  • Compensation: $0
  • Related: $103,821
  • Other: $14,293


Official website here: www.dakcu.org

Where can I find the form 990 for Credit Union Association Of The Dakotas?

Credit Union Association Of The Dakotas's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.dakcu.org

Learn more at the official website: www.dakcu.org

Mission Statement of Credit Union Association Of The Dakotas

The Credit Union Association of the Dakotas is committed to advocating for its member credit unions, positioning them as reliable and secure financial institutions for insured deposits. This nonprofit organization strives to encourage responsible lending practices and establish credit unions as the preferred choice for consumers seeking financial services. By promoting these attributes, the Credit Union Association of the Dakotas aims to elevate the reputation of credit unions, ensuring they are recognized as trustworthy and beneficial financial service providers.

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Impact




October, 2024

The Credit Union Association of the Dakotas significantly impacts the local financial landscape by promoting member credit unions as safe and sound institutions for insured deposits and responsible lending. By advocating for these credit unions, the association helps to establish them as the premier choice for consumers seeking financial services. This initiative not only enhances consumer trust in these organizations but also contributes to the overall stability of the financial system in the region.

Through various programs, the association provides valuable services to its member credit unions, enabling them to operate more effectively and competitively. This collaboration fosters a supportive community environment that encourages positive economic growth and improved financial literacy among consumers. Overall, the Credit Union Association of the Dakotas plays a vital role in ensuring that local communities have access to reliable and responsible financial services, ultimately driving community improvement and economic empowerment.




This information is meant to be a general summary of Credit Union Association Of The Dakotas. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,508,339 (2022)
Expenses
$1,430,508 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,215
  • Program Service Revenue: $1,495,124
  • Gross Receipts: $1,520,631

Assets and Liabilities:

  • Total Assets: $4,038,140
  • Total Liabilities: $338,253
  • Net Assets: $3,699,887

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$967,169

EDUCATION INCOME

Revenue

$255,349

SWAP INCOME

Revenue

$134,988

MANAGEMENT SERVICES

Revenue

$75,505

CHAPTER INCOME

Revenue

$58,012

Organization Details

Founding Year

2007

Principal Officer

Jeff Olson

Main Address

2005 NORTH KAVANEY DRIVE, BISMARCK, ND, 58501

NTEE Category

Code: S41 - Community improvement

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