Dec, 31, 2023 — SERVICE FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in SIOUX FALLS, SD with 3 branch locations and about $208.98 million in total assets. Opened 90 years ago in 1934, SERVICE FIRST FEDERAL CREDIT UNION has about 17,958 members and employs 64 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SERVICE FIRST FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 3901 E 10th St SIOUX FALLS, SD 57103-2133 |
Phone: | (605) 336-1047 |
Fax: | (605) 336-6529 |
Website: | https://www.servicefirstfcu.org |
Branches: | 3 branch locations |
Members: | 17,958 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 77 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $208,975,459 |
CEO/Manager: | Travis J Kasten |
Chairperson: | Kyle J Scholten |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 21,011,369 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,291,446 |
Real Estate Loans | 37,639,621 |
Unsecured Loans | 2,242,406 |
Other Loans | 101,547,504 |
TOTAL LOANS | 141,429,531 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -740,202 |
Land And Building | 1,850,509 |
Other Fixed Assets | 687,822 |
NCUSIF Deposit | 1,925,822 |
All Other Assets | 141,601 |
TOTAL ASSETS | 208,975,459 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 260,437 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 430,468 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 53,904,756 |
Regular shares | 80,132,020 |
All Other Shares & Deposits | 61,886,760 |
TOTAL SHARES & DEPOSITS | 195,923,536 |
TOTAL LIABILITIES | 196,614,441 |
Regular Reserve | 0 |
Other Reserves | -4,196,857 |
Undivided Earnings | 16,557,875 |
TOTAL EQUITY | 12,361,018 |
TOTAL LIABILITIES, SHARES, & EQUITY | 208,975,459 |
INCOME & EXPENSE | |
Loan Income | 5,545,172 |
Investment Income | 1,468,055 |
Other Income | 2,875,410 |
Total Employee Compensation & Benefits | 5,404,759 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,769,817 |
Non-operating Income & (Expense) | 81,852 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,405 |
Cost of Funds | 825,694 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 159,547 |
↑ Back to Top |