Nonprofit · EIN 45-0226725
DAKOTA WEST CREDIT UNION
Tax-exempt · WATFORD CITY, ND 58854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $15,739,287 | $14,187,694 | $1,551,593 | $336,089,307 | $296,030,688 | $40,058,619 |
| December 31, 2024 | 990 | $15,719,865 | $12,612,453 | $3,107,412 | $326,060,355 | $291,850,617 | $34,209,738 |
| December 31, 2023 | 990 | $13,452,508 | $11,405,316 | $2,047,192 | $307,138,706 | $277,257,939 | $29,880,767 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,902,363
- Investment income
- $3,940,842
- Net rental income
- $108,840
- Net gain from sales of assets
- -$715,565
- Other revenue
- $1,896,082
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $804,341
- Other salaries and wages
- $3,834,777
- Salaries, compensation and benefits (total)
- $6,040,438
- Professional fundraising fees
- $0
- Legal fees
- $65,759
- Accounting fees
- $85,712
- Occupancy
- $405,234
- Travel
- $186,498
- Depreciation
- $433,362
Balance sheet and other
- Total assets, start of year
- $326,060,355
- Total assets, end of year
- $336,089,307
- Total liabilities, end of year
- $296,030,688
- Net assets, end of year
- $40,058,619
- Land, buildings and equipment
- $6,411,984
- Gross unrelated business income
- $63,064
- Gross receipts
- $16,476,907
- Employees
- 67
- Volunteers
- 0
- Year formed
- 1991
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY REITER | CEO Officer | 40 | $274,690 | $17,843 |
| JEFF MEYER | CEO LEFT MAY 2025 Officer | 40 | $251,458 | $17,555 |
| ANDREW DOWNER | CFO Officer | 40 | $178,488 | $19,707 |
| MICHAEL J THILMONY | CHIEF CREDIT OFFICE Highest-paid employee | 1 | $149,448 | $18,008 |
| ADAM BANDT | IT MANAGER Highest-paid employee | 40 | $130,011 | $12,622 |
| MEGAN LAWRENCE | INTERNAL AUDIT MANAGER Highest-paid employee | 40 | $127,159 | $14,367 |
| KRAIG BLAHOSKI | CHIEF OPERATIONS OFFICER Highest-paid employee | 40 | $124,303 | $14,477 |
| SCOTT VANDEN BERGE | COMMERCIAL LOAN OFFICER Highest-paid employee | 40 | $115,303 | $11,004 |
| ANDREW FISHER | CHAIRPERSON Trustee or director, Officer | 1 | $10,200 | $0 |
| JOY BREW | DIRECTOR Trustee or director | 1 | $9,600 | $0 |
| TY ROLFSRUD | VICE PRESIDENT Trustee or director, Officer | 1 | $9,600 | $0 |
| ALLISON HILLEREN | SECRETARY Trustee or director, Officer | 1 | $9,600 | $0 |
| TAMMY KALBERER | DIRECTOR Trustee or director | 1 | $5,600 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF MEYER | CEO Officer | 40 | $422,188 | $29,621 |
| JEFFREY REITER | CHIEF CREDIT OFFICER Highest-paid employee | 40 | $210,151 | $15,385 |
| ANDREW DOWNER | CFO Officer | 40 | $152,131 | $17,642 |
| JAMES BOURGOIS | IT MANAGER Highest-paid employee | 40 | $124,824 | $24,229 |
| BROCK ROMINE | COMMERCIAL LENDING MANAGER Highest-paid employee | 40 | $124,540 | $19,223 |
| MEGAN LAWRENCE | INTERNAL AUDIT MANAGER Highest-paid employee | 40 | $118,906 | $12,798 |
| KRAIG BLAHOSKI | CHIEF OPERATIONS OFFICER Highest-paid employee | 40 | $115,939 | $13,506 |
| ALLISON HILLEREN | DIRECTOR Trustee or director | 1 | $4,800 | $0 |
| JOY BREW | CHAIRPERSON Trustee or director, Officer | 1 | $4,500 | $0 |
| LYNN OBERG | DIRECTOR Trustee or director | 1 | $4,500 | $0 |
| ANDREW FISHER | VICE CHAIRPERSON Trustee or director, Officer | 1 | $4,200 | $0 |
| TY ROLFSRUD | SECRETARY Trustee or director, Officer | 1 | $4,200 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF MEYER | CEO Officer | 40 | $411,377 | $30,459 |
| JEFFREY REITER | CHIEF CREDIT OFFICER Highest-paid employee | 40 | $161,548 | $13,677 |
| ANDREW DOWNER | CFO Officer | 40 | $128,699 | $18,144 |
| JAMES BOURGOIS | IT MANAGER Highest-paid employee | 40 | $118,727 | $24,921 |
| BROCK ROMINE | COMMERCIAL LENDING MANAGER Highest-paid employee | 40 | $117,054 | $17,782 |
| JOY BREW | CHAIRPERSON Trustee or director, Officer | 1 | $3,600 | $0 |
| ANDREW FISHER | SECRETARY Trustee or director, Officer | 1 | $3,600 | $0 |
| LYNN OBERG | DIRECTOR Trustee or director | 1 | $3,600 | $0 |
| TY ROLFSRUD | DIRECTOR Trustee or director | 1 | $3,600 | $0 |
| KARLA QUALE JANUARY - AUGUST | VICE CHAIRPERSON Trustee or director, Officer | 1 | $2,400 | $0 |
| ALLISON HILLEREN OCTOBER - DECEMBER | VICE CHAIRPERSON Trustee or director, Officer | 1 | $900 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1496, WATFORD CITY, ND 58854-1496
- Principal officer (990 for 2025)
- ANDREW DOWNER, PO BOX 1496, WATFORD CITY, ND 58854
- Signed the 990
- ANDREW DOWNER, CFO
- Phone
- (701) 444-6484
- Website
- DAKOTAWESTCU.COM
- Return prepared by
- BRADY MARTZ PLLC
Mission
NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP.
Program accomplishments
- NON-PROFIT ORGANIZATION PROVIDING FINANCIAL SERVICES TO A FIELD OF MEMBERSHIP.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0226725
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $336,089,307
- Income (IRS master file)
- $16,476,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $15,739,287 | $14,187,694 | $336,089,307 | XML |
| 990 | December 2024 | $15,719,865 | $12,612,453 | $326,060,355 | IRS |
| 990 | December 2023 | $13,452,508 | $11,405,316 | $307,138,706 | XML |
| 990 | December 2022 | $11,117,111 | $10,145,113 | $325,469,516 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 45-0226725).
Questions about DAKOTA WEST CREDIT UNION
- What is the EIN of DAKOTA WEST CREDIT UNION?
- The employer identification number (EIN) of DAKOTA WEST CREDIT UNION is 45-0226725.
- Is DAKOTA WEST CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to DAKOTA WEST CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DAKOTA WEST 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 DAKOTA WEST CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DAKOTA WEST CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DAKOTA WEST CREDIT UNION?
- The 990 for the year ended December 31, 2025 names ANDREW DOWNER.
- Who are the officers and directors of DAKOTA WEST CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 13 people; 13 received compensation from the organization, the highest $274,690 (JEFFREY REITER, CEO).
- How much revenue does DAKOTA WEST CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $15,739,287, expenses of $14,187,694 and total assets of $336,089,307 at year end.
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