CAPITAL CREDIT UNION
A MESSAGE FROM OUR PRESIDENT AND CEO
I am honored to share Capital Credit Union’s 2025 Annual Report and extend my sincere gratitude to you, our members, for your ongoing trust and support. This is your credit union, and everything we accomplish begins with you.
In 2025, Capital Credit Union delivered another strong year of financial performance. We ended the year with $890 million in assets, $755 million in deposits, and $677 million in loans. Net income reached more than $11 million, our strongest year on record, and our net worth ratio increased to 12.92%, keeping us well‑capitalized and positioned for long‑term stability. These results reflect disciplined growth, careful risk management, and a continued focus on long term strength for our more than 32,000 members.
Beyond our financial results, 2025 was a year defined by community impact, expanded outreach and deepened member relationships. Through our Step Forward Program, employees volunteered at 128 events across our member markets. We expanded our financial education efforts, supported local organizations through sponsorships and donations, and continued to provide personalized financial guidance through our financial counseling, insurance, and investment services teams.
As we look ahead, 2026 marks our 90th anniversary, a milestone that reflects generations of member trust. Earlier this year, we proudly opened our third Fargo branch, Fargo Central, further strengthening our presence and visibility in the Fargo market. We are also completing a full remodel of our Northwest Branch in Bismarck and preparing for a major upgrade to our mobile and online banking platform with the implementation of Banno in late 2026. This upgrade will enhance our capabilities to better meet evolving member expectations.
We remain committed to disciplined growth, responsible stewardship, and delivering the technology, products, and services you expect and deserve. Our foundation is strong, our momentum is real, and our future is bright.
We are 90 years strong and just getting started.
Sincerely,
Jon Griffin President/CEO
Jon Griffin has been with Capital Credit Union for 15 years; he has been president and CEO since May 2023.
BOARD OF DIRECTORS
As a credit union, our board members are volunteers, not paid stockholders. This unique philosophy is what sets us apart from other financial institutions.
To be the trusted financial resource that puts members first. Our Mission
To be the best choice for financial services in our markets. Our Vision
From top left: Faye Miller, Chairman; Michael Gunsch, Vice Chairman; Shawn Deisz, Secretary; Kevin Schoenborn, Treasurer; Jay Buringrud, Lance Gaebe, Marnie Walth
Summary of 2025 Annual Meeting Minutes
The 89th Annual Meeting of Capital Credit Union was held virtually in Bismarck, North Dakota on March 12, 2025. Chairman Faye Miller called the meeting to order at 11:31 a.m. Secretary Shawn Deisz declared a quorum with 132 members present.
Chairman Miller declared the minutes from the 88th Annual Meeting held on March 13, 2024, approved as displayed. President and CEO Jon Griffin gave a report on the state of the credit union.
Kevin Schoenborn, nominating committee chairman, recognized Jay Buringrud and Lance Gaebe for their years of service and dedication to the Board, and reported on the election process. A single slate of candidates was announced with the Annual Meeting notice. Jay Buringrud and Lance Gaebe were re elected to serve three year terms on the Board of Directors.
Chairman Miller provided a brief history of the Howard J. Snortland Scholarship and read a brief biography of each scholarship recipient.
Chairman Miller adjourned the 89th Annual Meeting at 11:48 a.m.
CAPITAL CREDIT UNION & SUBSIDIARY
Consolidated Balance Sheet as of December 31, 2025
Consolidated Statement of Operations for the year ended December 31, 2025
66,530,362
$ 889,582,855
(3,410,467
CONSUMER
Real help from real people.
The friendly members of Capital Credit Union’s Consumer Lending Team assist members with loan applications, deposit account information, online tools and all the other products and services that Capital Credit Union offers.
$83,608,450
Gross Consumer Loans in 2025
1,764
New Checking Accounts in 2025
1,301
New and Used Vehicle Loans in 2025
BUSINESS
With the right financing, your future looks bright.
Capital Credit Union’s Business Department helps keep companies on the road to success in a highly competitive business world, offering loans to expand facilities, buy new machinery, purchase real estate, add inventory and more.
$179,873,144
Total Gross Loans in 2025
MORTGAGE
Loans that help buy houses. And help shape lives.
Our Mortgage Department offers a wide range of mortgages designed to fit all lifestyles and budgets. Mortgage loan officers take the time to learn about each personal situation and guide members to the loan that helps them comfortably achieve their homeownership dreams.
Families reached their homeownership dreams in 2025 283
INVESTMENTS
Planning for your future is easier than you think.
Investment climates and individual financial needs can change, so we encourage our members to periodically revisit their financial goals with an investment professional. That’s why we’re glad to have Financial Advisor Keenan J. Retterath with Osaic Institutions on our team.
Keenan can help you build a personalized financial plan by reviewing priorities such as retirement plan options, insurance, business retirement plans, retirement income strategies, tax efficient investments*, saving for college and more.
Clients strengthened their financial future with
INSURANCE
Cover your assets, without spending an arm and a leg.
When it comes to insurance, most people know about the big three auto, home and life. Living in North Dakota also requires specialized insurance options. Capital Insurance Services will help you find the right policies at affordable prices, so you get the peace of mind you deserve.
2,673
Clients secured the insurance protection they need
Mike Persons Vice President
Kate Lorenz Agent
Wanzek Agent
Agent
Madison Becker
Justin
STEP FORWARD
Yes, we lend money. But we also lend a helping hand.
Capital Credit Union strives to be involved in and significantly contribute to our member communities of Bismarck, Mandan, Fargo, Hazen, New Salem and Flasher, ND. Our Step Forward Program helps facilitate employee involvement by rewarding employees for their efforts and participation at designated community events. The program allows employees at each branch the opportunity to take part in events that are beneficial to them and impact their area’s own members.
99
Employee Volunteers in 2025
1,300+
Hours Spent Volunteering in 2025
128
Events Across Our Member Communities in 2025
DONATIONS
We are proud to support charitable organizations in the communities where our members work and live. We strive to have our donations support organizations that closely represent our membership and brand promise to focus on financial literacy and education.
Organizations Supported Through Donations in 2025
2025 HIGHLIGHTS
In 2025, we remained dedicated to putting our members first. We were a trusted partner, dedicated leader, supportive resource, passionate mentor and a difference maker.
Supported more than 32,000 members
Surpassed $890 million in total assets
Volunteered more than 1,300 hours across our communities
Invested more than $227,000 in community donations and sponsorships
Awarded 12 student scholarships totaling $17,000
Reestablished our indirect lending program to meet members where they do business
Advanced the remodel of our Northwest Branch in Bismarck to enhance member convenience
Expanded our Fargo footprint with our new Fargo Central Branch on 32nd Ave. S.
Named a Favorite Credit Union in the Bismarck Tribune’s Best of the Best
Named a Favorite Mortgage Lender in the Bismarck Tribune’s Best of the Best
Named a Favorite Financial/Investment Agency in the Bismarck Tribune’s Best of the Best
Earned multiple industry honors, including one award from the Credit Union National Association, three awards from the Marketing Association of Credit Unions and two awards from the Dakota Credit Union Association
Capital Credit Union is proud to be a trusted financial resource for our members. We are guided by our values of vision, integrity, caring, knowledge and driven to help each and every member achieve their goals no matter how big or small.
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