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Overview / Commentary
329 N Main St
Watford City, ND 58854

Dakota West Credit Union is headquartered in Watford City and is the 5th largest credit union in the state of North Dakota. It is also the 860th largest credit union in the nation. It was established in 1941 and as of March of 2014, it had grown to 50 employees and 8,968 members. Dakota West Credit Union has a A health rating.

Field of Membership Restrictions

Must live within a 75 radius of the principle office in Watford City, within a fifty (50) mile radius of Grenora, within a fifty (50) mile radius of New Town, within a fifty (50) mile radius of Turtle Lake, within a fifty (50) mile radius of Mohall, within a seventy five (75) mile radius of New England or within a fifty (50) mile radius of Bowman - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Dakota West Credit Union had $950,000 in non-current loans and owned real-estate with $19.76 million in equity and loan loss allowances on hand to cover it. This gives Dakota West Credit Union a Texas Ratio of 4.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Dakota West Credit Union decreased slightly from 6.21% as of March 31, 2013 to 4.81% as of March 31, 2014, resulting in a positive change of 22.60%.This indicates that the balance sheet and financial strength for Dakota West Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Dakota West Credit Union has increased its total deposits by $24.49 million, resulting in 13.53% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Dakota West Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Dakota West Credit Union has $225.12 million in assets with $19.76 million in equity, resulting in a capitalization level of 8.78%, which is average.

Institution Statistics

NCUA #62380
Year Chartered1941
Primary Regulator
Assets and Liabilities
Assets$225.12 million
Loans$139.64 million
Deposits$205.49 million
Equity Capital$18.57 million
Loan Loss Allowance$1.18 million
Unbacked Noncurrent Loans$950,000
Real Estate Owned$0
Historic Data - March 2013
Assets$198.11 million
Equity Capital$15.94 million
Loan Loss Allowance$509,000
Unbacked Noncurrent Loans$950,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.44%
Return on Equity17.51%
Interest Income$1.78 million
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Dakota West Credit Union Savings Account Rates

0.50%--IRA Savings
0.20%$75k-Super Share Savings Account
0.05%$100-Regular Share Savings Account
0.05%--Critter Club Account
0.05%--Christmas Club Account
0.05%--Teen Club Account

Dakota West Credit Union Money Market Rates

0.10%--Money Market Share Draft Account

Dakota West Credit Union CD Rates

1.00%$500-60 Month CD
0.90%$500-48 Month CD
0.90%$100-29 Month Teen Add-On Certificate
0.75%$500-30 Month CD
0.75%$500-36 Month CD
0.60%$500-24 Month CD
0.40%$500-18 Month CD
0.30%$100-11 Month Teen Add-On Certificate
0.25%$500-12 Month CD
0.10%$500-6 Month CD
0.05%$500-3 Month CD

Dakota West Credit Union IRA Rates

1.15%$500-60 Month IRA Certificate
0.80%$500-36 Month IRA Certificate
0.50%$500-18 Month IRA Certificate

Dakota West Credit Union Locations
Branch Office329 N Main StWatford City, ND 58854
Branch Office118 Main StTurtle Lake, ND 58575
Branch Office120 12th Avenue SEStanley, ND 58784
Branch Office501 East AveNew Town, ND 58763
Branch Office607 Dakota AveRiverdale, ND 58565
Branch Office1187 Border LaneWashburn, ND 58577
Branch Office115 Main StGrenora, ND 58845
Branch Office211 1st Ave SWBowman, ND 58623
Branch Office900 Main StNew England, ND 58647
Branch Office202 Main St EMohall, ND 58761