Overview / Commentary
Dawson Co-Op Credit Union is headquartered in Dawson and is the 26th largest credit union in the state of Minnesota. It is also the 1,085th largest credit union in the nation. It was established in 1961 and as of June of 2023, it had grown to 24 employees and 8,570 members at 4 locations. Dawson Co-Op Credit Union's CD rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Dawson CO-OP Credit Union is open to anyone who lives, worships, goes to school or conducts business in the Minnesota counties of Big Stone, Chippewa, Lac Qui Parle, Otter Tail, Renville, Swift or Yellow Medicine. Family members of current credit union members are also eligible.
See current membership details
Health
B+
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61624 |
| Year Chartered | 1961 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.11% |
| Return on Equity - YTD | 11.8% |
| Annual Interest Income | $5.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $260.6MM$281.6MM |
| Loans | Q2 2023vs Q2 2022 | $148.9MM$134.9MM |
| Deposits | Q2 2023vs Q2 2022 | $213.2MM$239.2MM |
| Equity Capital | Q2 2023vs Q2 2022 | $47.3MM$42.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $3.1MM$3.1MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.3MM$1.6MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |