Dakota West Credit Union

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

EIN: 450226725 ✦ Watford city, ND ✦ Designated as a 501(c)(14)

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Overview

What is Dakota West Credit Union?

Dakota West Credit Union is a member-owned financial institution, headquartered in an unspecified location. As a state-chartered credit union, it offers its members a variety of competitive financial services. The organization prides itself on being progressive, ensuring its members have access to comprehensive financial solutions. While specific details about the organization's mission or activities aren't provided, it's clear that Dakota West Credit Union is committed to meeting the financial needs of its members.

Is Dakota West Credit Union legitimate?

Dakota West Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Dakota West Credit Union 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: $763,904
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,756,480

For more financial information, click here

What is the mission statement of Dakota West Credit Union?

Dakota West Credit Union, as a member-owned financial institution, is committed to offering its members comprehensive and competitive financial services. The organization's mission, as stated, is not explicitly provided in the given data. However, its activity or mission description suggests that it operates as a state-chartered credit union, which typically implies a focus on providing financial services to its members, promoting financial well-being, and fostering a sense of community among its members.

Who is the CEO of Dakota West Credit Union?

Jeff Meyer is the CEO of Dakota West Credit Union The CEO's salary of Dakota West Credit Union is $411,377 and their total compensation is $441,836.

What is the revenue of Dakota West Credit Union?

Dakota West Credit Union's revenue in 2023 was $13,452,508.

Who are the executives of Dakota West Credit Union and what are their salaries?

The average compensation at Dakota West Credit Union during 2023 was $61,086. There are 74 employees at Dakota West Credit Union.

Here are 11 key members and their salaries (Dakota West Credit Union's CEO's salary is $411,377 and their total compensation is $441,836):


Joy Brew (Chairperson)
  • Compensation: $3,600
  • Related: $0
  • Other: $0
Karla Quale January - August (Vice Chairperson)
  • Compensation: $2,400
  • Related: $0
  • Other: $0
Andrew Fisher (Secretary)
  • Compensation: $3,600
  • Related: $0
  • Other: $0
Lynn Oberg (Director)
  • Compensation: $3,600
  • Related: $0
  • Other: $0
Ty Rolfsrud (Director)
  • Compensation: $3,600
  • Related: $0
  • Other: $0
Allison Hilleren October - December (Vice Chairperson)
  • Compensation: $900
  • Related: $0
  • Other: $0
Jeff Meyer (Ceo)
  • Compensation: $411,377
  • Related: $0
  • Other: $30,459
Andrew Downer (Cfo)
  • Compensation: $128,699
  • Related: $0
  • Other: $18,144
James Bourgois (It Manager)
  • Compensation: $118,727
  • Related: $0
  • Other: $24,921
Jeffrey Reiter (Chief Credit Officer)
  • Compensation: $161,548
  • Related: $0
  • Other: $13,677
Brock Romine (Commercial Lending Manager)
  • Compensation: $117,054
  • Related: $0
  • Other: $17,782
Where can I find the form 990 for Dakota West Credit Union?

Dakota West Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Dakota West Credit Union

Dakota West Credit Union, as a member-owned financial institution, is committed to offering its members a wide range of competitive and comprehensive financial services. While the provided information does not explicitly state their mission, it can be inferred that their mission likely involves providing financial services in a progressive and beneficial manner to their members. As a state-chartered credit union, Dakota West Credit Union operates under a member-centric approach, ensuring that their financial services cater to the needs and preferences of their members.

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Impact




October, 2024

Dakota West Credit Union has a significant impact on its community by offering comprehensive and competitive financial services tailored to meet the needs of its members. As a member-owned financial institution based in Watford City, North Dakota, it plays a crucial role in promoting financial literacy, stability, and empowerment among its members. By providing access to various financial products and services, Dakota West fosters economic growth and community development.

The credit union's commitment to its members not only enhances individual financial well-being but also contributes to the overall health of the local economy. Through responsible lending, community engagement, and support for local initiatives, Dakota West Credit Union embodies the spirit of collaboration and service, ensuring that its operations benefit the wider public.




This information is meant to be a general summary of Dakota West Credit Union. 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
$13,452,508 (2023)
Expenses
$11,405,316 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $3,504,441
  • Program Service Revenue: $8,325,326
  • Gross Receipts: $19,202,362

Assets and Liabilities:

  • Total Assets: $325,469,516
  • Total Liabilities: $299,157,225
  • Net Assets: $26,312,291

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Programs

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

INCOME FROM LOANS

Revenue

$8,325,326

Organization Details

Principal Officer

Andrew Downer

NTEE Category

Code: W60 - Public benefit

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