Overview / Commentary
Dakota West Credit Union is headquartered in Watford City and is the 6th largest credit union in the state of North Dakota. It is also the 946th largest credit union in the nation. It was established in 1941 and as of September of 2022, it had grown to 51 employees and 7,000 members at 8 locations. Dakota West Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Dakota West Credit Union is open to the North Dakota residents who live within a 75-mile radius of New England or Watford City, or a 50-mile radius of Bowman, Grenora, Mohall, New Town, Turtle Lake, or Washburn.
See current membership details
Health
B+
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62380 |
| Year Chartered | 1941 |
| Employees | 51 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 3.54% |
| Annual Interest Income | $6.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $326.4MM$287.5MM |
| Loans | Q3 2022vs Q3 2021 | $163.2MM$127.1MM |
| Deposits | Q3 2022vs Q3 2021 | $299.0MM$247.7MM |
| Equity Capital | Q3 2022vs Q3 2021 | $25.9MM$38.7MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $2.1MM$1.7MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.5MM$1.3MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$131.00K |