Dakota Plains Credit Union
- Assets
- $92.0m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 34
- Location
- Edgeley, ND
- Founding
- 00/0000
- Data as of
- 12/2022
- 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 12/2022, Dakota Plains Credit Union employed 34 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 12/2022, Dakota Plains Credit Union generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 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
2022
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laverne Anderson Vice Chairman | OfficerTrustee | 1 | $1,400 |
Warren Toay Director | Trustee | 1 | $1,300 |
Kent Schimke Director | Trustee | 1 | $800 |
Fallon Kelly Director | Trustee | 1 | $1,000 |
Mark Sheppard Chairman | OfficerTrustee | 1 | $1,400 |
Jeanne Witt President | Officer | 40 | $161,569 |
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 | $4,551,747 |
| Investment income | $113,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,639 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,666,653 |
| 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. | $161,569 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,317,588 |
| Pension plan accruals and contributions | $93,534 |
| Other employee benefits | $237,163 |
| Payroll taxes | $105,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,659 |
| Fees for services: Other | $80,277 |
| Advertising and promotion | $52,398 |
| Office expenses | $80,785 |
| Information technology | $394,513 |
| Royalties | $0 |
| Occupancy | $190,950 |
| Travel | $14,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,133 |
| Interest | $243,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,878 |
| Insurance | $33,935 |
| All other expenses | $9,685 |
| Total functional expenses | $3,660,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,760,244 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $77,524,684 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $170,815 |
| Net Land, buildings, and equipment | $1,264,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,698,900 |
| Intangible assets | $0 |
| Other assets | $1,532,526 |
| Total assets | $91,981,100 |
| Accounts payable and accrued expenses | $891,092 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $81,635,327 |
| Total liabilities | $82,526,419 |
| 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 | $9,454,681 |
| Total liabilities and net assets/fund balances | $91,981,100 |