2024-07-10T10:22:52-05:00 2023-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 848 MINOT ND 587020848 990 2023-01-01 450226725 DAKOTA WEST CREDIT UNION DAKO 7014446484 PO BOX 1496 WATFORD CITY ND 58854 ANDREW DOWNER CFO 7014446484 2024-07-10 1 ANDREW DOWNER 999009999 1 TORY J HILL CPA P01087169 7018520196 2024-07-10 0 AAL1 IAL1 2023 2023-04-26 12:10:37Z ANDREW DOWNER PO BOX 1496 WATFORD CITY ND 58854 19202362 0 X N/A X 1991 ND NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP. 5 5 74 0 26890 420 0 0 6357109 8325326 2637471 3480965 2122531 1646217 11117111 13452508 0 0 0 0 5377186 5767988 0 0 0 4767927 5637328 10145113 11405316 971998 2047192 325469516 307138706 299157225 277257939 26312291 29880767 NONE 0 0 NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 47 0 74 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 0 1 0 X ANDREW DOWNER 7014446484 PO BOX 1496 WATFORD CITY ND 58854 JOY BREW CHAIRPERSON 1.00 X X 3600 0 0 KARLA QUALE JANUARY - AUGUST VICE CHAIRPERSON 1.00 X X 2400 0 0 ANDREW FISHER SECRETARY 1.00 X X 3600 0 0 LYNN OBERG DIRECTOR 1.00 X 3600 0 0 TY ROLFSRUD DIRECTOR 1.00 X 3600 0 0 ALLISON HILLEREN OCTOBER - DECEMBER VICE CHAIRPERSON 1.00 X X 900 0 0 JEFF MEYER CEO 40.00 X 411377 0 30459 ANDREW DOWNER CFO 40.00 X 128699 0 18144 JAMES BOURGOIS IT MANAGER 40.00 X 118727 0 24921 JEFFREY REITER CHIEF CREDIT OFFICER 40.00 X 161548 0 13677 BROCK ROMINE COMMERCIAL LENDING MANAGER 40.00 X 117054 0 17782 955105 0 104983 5 0 1 0 0 INCOME FROM LOANS 522100 8325326 8325326 8325326 3504441 3504441 126016 0 126016 126016 126016 5713378 13000 5749854 0 -36476 13000 -23476 -23476 FEES AND CHARGES 522100 901760 874870 26890 INTERCHANGE INCOME 522100 368459 368459 MISCELLANEOUS 522100 249982 249982 1520201 13452508 9921177 26890 3504441 X 763904 3756480 367890 566783 312931 37650 139293 1193082 300661 361998 292838 188912 1708798 410928 84349 PROVISION FOR CREDIT LO 630444 LOAN SERVICE 233107 ASSOCIATION DUES 53915 MISCELLANEOUS 1353 11405316 3807323 9354784 28216609 25543753 -15956 8794 4057901 3946966 160054184 157418765 399165 779816 11037398 4626440 6636819 6410958 114159487 95227570 8153984 8447300 325469516 307138706 2352720 3136212 296804505 274121727 299157225 277257939 X 0 0 2000000 2000000 24312291 27880767 26312291 29880767 325469516 307138706 2047192 1521284 0 X 0 1 X 1 0 1364358 1364358 7369831 2741733 4628098 194175 150387 43788 2109034 1734320 374714 6410958 FEDERAL AGENCY SECURITIES 75096687 F OBLIGATIONS OF STATE AND POLITICAL SUBDIVISION 19881883 F CERTIFICATES OF DEPOSIT 249000 C 95227570 MEMBER SHARE ACCOUNTS 274121727 274121727 X PART X, LINE 2: THE CREDIT UNION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE CREDIT UNION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE CREDIT UNION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL REQUIRED FILINGS WITH TAX AUTHORITIES ARE UP-TO-DATE. X 0 0 0 JEFF MEYER CEO 411377 0 0 0 0 0 5444 0 25015 0 441836 0 0 0 JEFFREY REITER CHIEF CREDIT OFFICER 161548 0 0 0 0 0 3234 0 10443 0 175225 0 0 0 JEFF MEYER CEO COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE LOAN X 1100000 1067257 0 1 1 DENTON ZUBKE FORMER CEO COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE LOAN X 2625000 2879709 0 1 1 3946966 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE NO CLASSES OF MEMBERS. EVERYONE WHO JOINS THE CREDIT UNION BECOMES A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS MAY VOTE FOR THEIR PREFERRED CANDIDATE(S) FOR THE BOARD OF DIRECTORS. ELECTIONS ARE HELD ANNUALLY TO FILL EXPIRING TERMS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS MADE BY THE BOARD MEMBERS ARE APPROVED BY THE MEMBERSHIP BODY. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE CFO AND THE ACCOUNTING DEPARTMENT. FORM 990, PART VI, SECTION B, LINE 12C ALL CREDIT UNION EMPLOYEES, OFFICERS, DIRECTORS, AND COMMITTEE MEMBERS ARE REQUIRED TO ATTEST TO THEIR COMPLIANCE WITH THE CREDIT UNION'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15B SENIOR LEVEL EMPLOYEES ARE EVALUATED BY THE CEO, USING AN OUTSIDE COMPENSATION SERVICE AND THE CEO'S EVALUATION OF PERFORMANCE. THE REVIEW PROCESS IS PERFORMED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G DATA PROCESSING AND OTHER LOAN SERVICE FEES 994,733. EXAMINATION FEES 53,604. SOFTWARE SERVICE FEES 139,162. OTHER FEES 5,583.