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Nonprofit · EIN 45-0216652

WESTERN COOPERATIVE CREDIT UNION

Tax-exempt · DICKINSON, ND 58601

Financials

$20.7M$14.6M2023$24.5M$16.9M2024
Revenue Expenses · by fiscal year end
Financials of WESTERN COOPERATIVE CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$24,455,256$16,921,453$7,533,803$482,793,811$433,084,542$49,709,269
December 31, 2023990$20,687,023$14,639,929$6,047,094$441,740,431$401,735,941$40,004,490
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$18,894,277
Investment income
$5,479,379
Net rental income
$12,000
Other revenue
$81,600

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$510,138
Other salaries and wages
$5,533,698
Salaries, compensation and benefits (total)
$7,498,643
Professional fundraising fees
$0
Legal fees
$34,913
Accounting fees
$56,752
Occupancy
$549,639
Travel
$21,409
Depreciation
$764,426

Balance sheet and other

Total assets, start of year
$441,740,431
Total assets, end of year
$482,793,811
Total liabilities, end of year
$433,084,542
Net assets, end of year
$49,709,269
Land, buildings and equipment
$7,497,254
Publicly traded securities
$147,656,749
Gross unrelated business income
$167,793
Gross receipts
$24,455,256
Employees
117
Volunteers
8
Year formed
1937
State of legal domicile
ND

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JUSTIN MADDISONCEO/PRESIDENT
Officer
40$410,293$49,317
MELANIE STILLWELLFORMER CEO/PRESIDENT
Former
40$185,714$23,498
NICKOLAS DRESSLERAG/BUSINESS LOAN MANAGER
Highest-paid employee
40$142,949$35,324
SCOTT SCHWINDTCHEIF OPERATIONS OFFICER
Highest-paid employee
40$153,065$22,739
JASON DELORMECONSUMER/MORTGAGE LOAN MAN
Highest-paid employee
40$126,551$26,968
TIM LINDEMANNSENIOR AG LOAN OFFICER
Highest-paid employee
40$116,183$18,598
SHAILOH KOVASHREGINAL VICE PRESIDENT/IT
Highest-paid employee
40$117,452$8,813
JAMES MOECHIEF FINANCIAL OFFICER
Officer
40$99,845$15,248
LARRY NOVAKCHAIRMAN
Trustee or director, Officer
1$5,200$0
GINA KARSKYSECRETARY - TREASURER
Trustee or director, Officer
1$5,200$0
LARRY SCHILKEVICE CHAIRMAN
Trustee or director, Officer
1$5,200$0
HEATHER FEIRINGDIRECTOR
Trustee or director
1$5,200$0
LEE MURPHYDIRECTOR
Trustee or director
1$4,800$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
MELANIE STILLWELLCEO/PRESIDENT
Officer
40$416,175$48,074
JUSTIN MADDISONCHIEF FINANCIAL OFFICER
Officer
40$224,992$46,988
NICKOLAS DRESSLERAG/BUSINESS LOAN MANAGER
Highest-paid employee
40$132,898$33,888
SCOTT SCHWINDTCHEIF OPERATIONS OFFICER
Highest-paid employee
40$146,476$16,788
JASON DELORMECONSUMER/MORTGAGE LOAN MAN
Highest-paid employee
40$114,628$25,234
SHAWN ROMOSENIOR AG OFFICER
Highest-paid employee
40$107,500$16,402
SHAILOH KOVASHREGINAL VICE PRESIDENT/IT
Highest-paid employee
40$110,354$8,382
LARRY NOVAKCHAIRMAN
Trustee or director, Officer
1$5,600$0
GINA KARSKYSECRETARY - TREASURER
Trustee or director, Officer
1$5,600$0
LARRY SCHILKEVICE CHAIRMAN
Trustee or director, Officer
1$5,600$0
HEATHER FEIRINGDIRECTOR
Trustee or director
1$5,600$0
LEE MURPHYDIRECTOR
Trustee or director
1$5,600$0

Address and contacts

Address (IRS master file)
290 15TH ST W, DICKINSON, ND 58601-3100
Principal officer (990 for 2024)
JUSTIN MADDISON, 1300 BISON DRIVE PO BOX 2237, WILLISTON, ND 588022237
Signed the 990
JUSTIN MADDISON, CEO
Phone
(701) 572-4000
Website
WCCU.ORG
Return prepared by
BRADY MARTZ & ASSOCIATES PC

Mission

WCCU EXISTS FOR THE FINANCIAL BENEFIT OF ITS MEMBERS. THE PURPOSE SHALL BE TO MAXIMIZE MEMBER BENEFITS THROUGH COST EFFECTIVE FINANCIAL SERVICES, EDUCATION CONSISTENT WITH COOPERATIVE PRINCIPLES, PRUDENT MANAGEMENT, AND TO MAINTAIN A STRONG PRESENCE IN OUR COMMUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • WESTERN COOPERATIVE CREDIT UNION IS A COMMUNITY-CHARTERED CREDIT UNION. IN ORDER TO QUALIFY FOR MEMBERSHIP, THE INDIVIDUAL OR BUSINESS MUST BE LOCATED WITHIN OUR FIELD OF MEMBERSHIP, WHICH IS:A 75-MILE RADIUS AROUND WILLISTON, ND; ORA 50-MILE RADIUS AROUND DICKINSON, ND; ORA 50-MILE RADIUS AROUND HEBRON, ND; ORA 75-MILE RADIUS AROUND BEACH, ND; ORA 50-MILE RADIUS AROUND GLEN ULLIN, ND; ORA 75-MILE RADIUS AROUND RAY, ND.THOSE BELONGING TO A MEMBER'S FAMILY, INCLUDING: SPOUSES, CHILDREN, STEPCHILDREN, PARENTS, SIBLINGS, GRANDPARENTS, GRANDCHILDREN, STEPPARENTS, STEPSIBLINGS AND ADOPTIVE RELATIONSHIPS.ONCE A PERSON BECOMES A MEMBER, THEIR MEMBERSHIP CONTINUES UNTIL THEY CLOSE THEIR ACCOUNT.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-0216652
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1942
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$482,793,811
Income (IRS master file)
$24,455,256

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$24,455,256$16,921,453$482,793,811IRS
990December 2023$20,687,023$14,639,929$441,740,431XML
990December 2022$16,661,044$12,892,014$446,507,146IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-0216652).

Questions about WESTERN COOPERATIVE CREDIT UNION

What is the EIN of WESTERN COOPERATIVE CREDIT UNION?
The employer identification number (EIN) of WESTERN COOPERATIVE CREDIT UNION is 45-0216652.
Is WESTERN COOPERATIVE CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1942.
Are donations to WESTERN COOPERATIVE CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WESTERN COOPERATIVE CREDIT UNION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WESTERN COOPERATIVE CREDIT UNION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WESTERN COOPERATIVE CREDIT UNION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WESTERN COOPERATIVE CREDIT UNION?
The 990 for the year ended December 31, 2024 names JUSTIN MADDISON.
Who are the officers and directors of WESTERN COOPERATIVE CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 13 people; 13 received compensation from the organization, the highest $410,293 (JUSTIN MADDISON, CEO/PRESIDENT).
How much revenue does WESTERN COOPERATIVE CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $24,455,256, expenses of $16,921,453 and total assets of $482,793,811 at year end.

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