DAKOTA WEST CREDIT UNION

Address
PO BOX 1496
WATFORD CITY, ND 588547311
Contact
Phone: +1 (701) 444-6484
Nonprofit
NTEE: W61 - Credit Unions
EIN: 45-0226725

Mission

ORGANIZATION IS A STATE CHARTERED CREDIT UNION - N/A
 20172016201520142013
Basic features of the organization
Subsection code14
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$555,405.00$336,014.00   
Number of employees7569706571
Number of people compensated >$100k32   
Number of volunteers555 5
Personnel
Brew, Joy
TitleVICE-CHAIRPEVICE-CHAIRPEVICE-CHAIRPEVICE-CHAIRPEVICE-CHAIRPE
Name of key/compensated personJOY BREWJOY BREWJOY BREWJOY BREWJOY BREW
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Deutsch, Paul
TitleCHAIRPERSONCHAIRPERSONCHAIRPERSONCHAIRPERSONCHAIRPERSON
Name of key/compensated personPAUL DEUTSCHPAUL DEUTSCHPAUL DEUTSCHPAUL DEUTSCHPAUL DEUTSCH
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Hoffmann, David
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personDAVID HOFFMANNDAVID HOFFMANNDAVID HOFFMANNDAVID HOFFMANN 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Kalberer, Tammy
TitleCFOCFO   
Name of key/compensated personTAMMY KALBERERTAMMY KALBERER   
Position of compensated person
Reportable compensation from org$135,377.00$125,694.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Meyer, Jeff
TitleCEOCEO   
Name of key/compensated personJEFF MEYERJEFF MEYER   
Position of compensated person
Reportable compensation from org$279,306.00$210,320.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Reiter, Jeff
TitleLOAN COMPLIA    
Name of key/compensated personJEFF REITER    
Position of compensated person
Reportable compensation from org$140,722.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Roos, Lanae
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personLANAE ROOSLANAE ROOSLANAE ROOSLANAE ROOSLANAE ROOS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Svihovec, Jim
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJIM SVIHOVECJIM SVIHOVECJIM SVIHOVECJIM SVIHOVECJIM SVIHOVEC
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesORGANIZATION IS A STATE CHARTERED CREDIT UNION - N/AORGANIZATION IS A STATE CHARTERED CREDIT UNION - N/AORGANIZATION IS A STATE CHARTERED CREDIT UNION - N/AORGANIZATION IS A STATE CHARTERED CREDIT UNION - N/AORGANIZATION IS A STATE CHARTERED CREDIT UNION - N/A
Programs, including revenue & expenses
N/A
Program description    N/A
Financial data
Revenue
Total revenue$10,417,463.00$10,505,765.00$10,734,157.00$9,804,644.00$9,088,588.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$1,518,708.00$1,035,041.00$976,383.00$735,032.00$212,591.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$1,690,664.00$1,531,449.00$1,609,019.00$1,454,835.00$1,402,892.00
Program service revenue (total)$7,208,091.00$7,939,275.00$8,148,755.00$7,614,777.00$7,473,105.00
Gross receipts$10,417,463.00$10,505,765.00$10,850,897.00$10,195,454.00$9,088,588.00
Other types of revenue
Miscellaneous revenue (total)$1,690,664.00$1,531,449.00$1,609,019.00$1,454,835.00$1,402,892.00
Income from dividends, interest, and similar investments$1,432,753.00$913,569.00$739,169.00$312,092.00$212,591.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$8,224,956.00$7,712,692.00$7,407,119.00$6,374,527.00$6,591,294.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$110,736.00$40,113.00$3,244.00$3,987.00$5,643.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$9,204.00$5,843.00$5,718.00$4,628.00$6,358.00
Assets and liabilities
Total assets$244,011,072.00$249,732,184.00$253,497,870.00$264,683,328.00$218,226,714.00
Total assets, beginning of year$249,732,184.00$253,497,870.00$264,683,328.00$218,226,714.00$189,380,479.00
Total liabilities$215,631,666.00$223,240,464.00$229,085,565.00$243,533,858.00$200,521,319.00
Total liabilities, beginning of year$223,240,464.00$229,085,565.00$243,533,858.00$200,521,319.00$174,100,392.00
Loans & receivables from key persons$196,001.00$117,708.00$166,959.00$126,049.00$110,538.00
Net assets$28,379,406.00$26,491,720.00$24,412,305.00$21,149,470.00$17,705,395.00
Net assets, beginning of year$26,491,720.00$24,412,305.00$21,149,470.00$17,705,395.00$15,280,087.00
Other liabilities$214,197,283.00$221,903,436.00$228,122,980.00$242,623,137.00$199,279,275.00
Other assets$7,787,101.00$6,900,112.00$6,929,662.00$3,812,451.00$3,538,643.00
Investments: publicly traded securities$81,847,442.00$55,398,034.00$57,209,409.00$53,425,953.00$21,695,913.00
Cash: non-interest bearing$1,866,626.00$3,329,539.00$3,447,187.00$4,182,709.00$3,618,723.00
Cash: non-interest bearing, beginning of year$3,329,539.00$3,447,187.00$4,182,709.00$3,618,723.00$2,736,950.00
Other financial variables
Revenue less expenses$2,192,507.00$2,793,073.00$3,327,038.00$3,430,117.00$2,497,294.00
Advertising (total)$136,222.00$174,988.00$208,265.00$158,559.00$177,564.00
Savings & temp cash investment$17,966,487.00$21,955,150.00$12,631,978.00$40,284,790.00$45,101,306.00
Accounts receivable, net$95,276.00$68,293.00$61,175.00$78,016.00$25,738.00
Prepaid expenses & deferred charges$184,786.00$269,612.00$203,367.00$207,989.00$106,646.00
Accounts payable & accrued expenses$1,434,383.00$1,337,028.00$962,585.00$910,721.00$1,242,044.00
Total net assets or fund balances$28,379,406.00$26,491,720.00$24,412,305.00$21,149,470.00$17,705,395.00
Depreciation, depletion, amortization$522,951.00$446,046.00$440,005.00$318,991.00$268,570.00
Payment to affiliates   $44,914.00$31,736.00
Governance and accountability
Number of voting members55556
Number of independent voting members00000
Financial sheets auditedTrueTrue   
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-08-312017-09-222016-12-282015-08-182014-08-21
IRS schema version2017v2.32016v3.02015v2.12014v5.02013v3.1
Filing identifier201831309349302133201731329349306443201631399349300713201541429349300624201421359349303392
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