Dakota Plains Credit Union
- Assets
- $89.9m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Edgeley, ND
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 45-0278483
Organization Overview
Dakota Plains Credit Union is located in Edgeley, ND. The organization was established in 0000. 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 12/2021, Dakota Plains Credit Union employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota Plains 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 12/2021, Dakota Plains Credit Union generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Witt President | Officer | 40 | $129,192 |
Mark Sheppard Chairman | OfficerTrustee | 1 | $0 |
Laverne Anderson Vice Chairman | OfficerTrustee | 1 | $0 |
Warren Toay Director | Trustee | 1 | $0 |
Kent Schimke Director | Trustee | 1 | $0 |
Fallon Kelly Director | Trustee | 1 | $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 | $4,320,127 |
| Investment income | $26,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,237 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,324,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,192 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,215,474 |
| Pension plan accruals and contributions | $94,414 |
| Other employee benefits | $229,948 |
| Payroll taxes | $94,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,625 |
| Fees for services: Other | $64,931 |
| Advertising and promotion | $58,022 |
| Office expenses | $70,106 |
| Information technology | $414,636 |
| Royalties | $0 |
| Occupancy | $143,530 |
| Travel | $13,673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,802 |
| Interest | $341,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,437 |
| Insurance | $28,146 |
| All other expenses | $6,068 |
| Total functional expenses | $3,434,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,561,733 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $76,443,671 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $69,953 |
| Net Land, buildings, and equipment | $1,309,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,046,800 |
| Intangible assets | $0 |
| Other assets | $1,449,566 |
| Total assets | $89,884,808 |
| Accounts payable and accrued expenses | $308,928 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,627,813 |
| Total liabilities | $81,436,741 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,448,067 |
| Total liabilities and net assets/fund balances | $89,884,808 |
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