Work-in-progress version of SherPa. Work-in-progress version of SherPa.
North Dakota
Last updated on 2013-12-01
General
not credit union specific
- Officer Loan Status
- No
- Officer Loan Comment
- Officer Loan Statute
- N.D. Cent. Code § 10-33-82
Credit Union Information
- Split Dollar Process
- Allowed
- Split Dollar Comment
- New parity language in 6-06-06 and 4-2-13 guidance
- Parity Process
- Allowed
- Parity Comment
- See 6-06-06(5)(h); 4/2/13 guidance
- Parity Statute
- —
- Alternative To Parity Request
- —
- CDA Status
- Allowed
- CDA Comment
- Must follow NCUA rules
- Director Compensation Status
- Only uncompensated directors are immune from personal liability in the good faith execution of their duties.
- Director Compensation Statute
- N.D. Cent. Code, § 6-06-13.1
- Credit Union Regulator
State Chartered Credit Unions
19 credit unions chartered in North Dakota
| Name | Charter Number | CEO | Total Assets | Net Worth | CA SD | Concentration |
|---|---|---|---|---|---|---|
| FIRST COMMUNITY | 60103 | Stephen Schmitz | $1,130,656,164 | $144,213,912 | $12,975,020 | 9% |
| RAILWAY | 60787 | Paul Brucker | $157,193,640 | $19,590,064 | $0 | 0% |
| TOWN AND COUNTRY | 60790 | Kalli Schell | $650,894,035 | $75,099,329 | $2,600,000 | 3.46% |
| COMMUNITY | 61336 | Barbara Messner | $192,644,968 | $28,411,823 | $0 | 0% |
| CITY AND COUNTY EMPLOYEES | 61390 | Dawn Rognlien | $16,835,035 | $1,528,831 | $0 | 0% |
| CAPITAL | 61637 | Vance Reinbold | $705,610,236 | $83,664,088 | $4,700,989 | 5.62% |
| HOMETOWN | 61648 | HAROLD HAGEN | $179,766,109 | $24,564,012 | $1,108,104 | 4.51% |
| WESTERN COOPERATIVE | 61758 | Melanie Stillwell | $433,003,631 | $47,283,911 | $1,156,544 | 2.45% |
| LAMOURE | 62218 | Eric Musland | $35,701,603 | $4,337,971 | $0 | 0% |
| DAKOTA WEST | 62380 | Jeff Meyer | $311,165,007 | $37,042,220 | $4,069,319 | 10.99% |
| NORTH STAR COMMUNITY | 62563 | Bob Herrington | $411,609,297 | $51,081,911 | $0 | 0% |
| MED PARK | 62593 | Veronica Holweger | $20,442,321 | $2,283,642 | $0 | 0% |
| FREEDOM COMMUNITY | 62722 | Mary Hagen | $32,248,716 | $2,574,454 | $0 | 0% |
| DAKOTA PLAINS | 63613 | Jeanne Witt | $91,111,771 | $8,715,121 | $0 | 0% |
| FLASHER COMMUNITY | 64240 | Darla Schafer | $15,318,100 | $1,146,056 | $0 | 0% |
| AREA COMMUNITY | 64294 | Lonny Nygren | $28,038,024 | $4,858,280 | $0 | 0% |
| VUE COMMUNITY | 64408 | Steve DeLap | $89,210,603 | $9,410,779 | $0 | 0% |
| LISBON FARMERS UNION | 64688 | Daniel Wagner | $4,310,817 | $2,741,416 | $0 | 0% |
| UNITED SAVINGS | 65578 | Jim Schaefbauer | $84,697,286 | $11,074,457 | $747,500 | 6.75% |