Dec, 31, 2023 — DAKOTALAND FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 13 branch locations and about $630.16 million in total assets. Opened 89 years ago in 1935, DAKOTALAND FEDERAL CREDIT UNION has about 38,504 members and employs 178 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DAKOTALAND FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 2297 Kansas Ave SE HURON, SD 57350 |
Phone: | (605) 352-2845 |
Fax: | |
Website: | https://www.dakotalandfcu.com |
Branches: | 13 branch locations |
Members: | 38,504 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 167 |
---|---|
Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $630,158,202 |
CEO/Manager: | Ryan Goehner |
Chairperson: | Lance Howe |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 68,670,411 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,228,932 |
Real Estate Loans | 252,691,011 |
Unsecured Loans | 21,169,248 |
Other Loans | 144,569,701 |
TOTAL LOANS | 418,429,960 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,654,191 |
Land And Building | 22,929,940 |
Other Fixed Assets | 1,372,903 |
NCUSIF Deposit | 4,533,462 |
All Other Assets | 158,706 |
TOTAL ASSETS | 630,158,202 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 962,169 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 14,370,439 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 120,963,975 |
Regular shares | 119,913,695 |
All Other Shares & Deposits | 315,810,082 |
TOTAL SHARES & DEPOSITS | 556,687,753 |
TOTAL LIABILITIES | 572,073,370 |
Regular Reserve | 0 |
Other Reserves | 1,235,563 |
Undivided Earnings | 56,849,269 |
TOTAL EQUITY | 58,084,832 |
TOTAL LIABILITIES, SHARES, & EQUITY | 630,158,202 |
INCOME & EXPENSE | |
Loan Income | 18,634,641 |
Investment Income | 4,042,755 |
Other Income | 5,298,765 |
Total Employee Compensation & Benefits | 13,918,200 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,216,039 |
Non-operating Income & (Expense) | 264,370 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 232,411 |
Cost of Funds | 7,357,206 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,620,893 |
↑ Back to Top |