Dec, 31, 2023 — SIOUX FALLS FEDERAL CREDIT UNION is a federal credit union headquartered in Sioux Falls, SD with 6 branch locations and about $458.28 million in total assets. Opened 90 years ago in 1934, SIOUX FALLS FEDERAL CREDIT UNION has about 33,832 members and employs 135 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SIOUX FALLS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1741 S Cleveland Ave Sioux Falls, SD 57103 |
Phone: | (605) 334-2471 |
Fax: | |
Website: | https://www.levo.org |
Branches: | 6 branch locations |
Members: | 33,832 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 60 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $458,283,005 |
CEO/Manager: | Fran Sommerfeld |
Chairperson: | Shantel Jennings |
ASSETS: | $ Amount |
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Cash & Equivalents | 34,777,208 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 121,131,214 |
Unsecured Loans | 25,040,659 |
Other Loans | 137,763,176 |
TOTAL LOANS | 283,935,049 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,492,550 |
Land And Building | 12,969,309 |
Other Fixed Assets | 615,736 |
NCUSIF Deposit | 3,704,463 |
All Other Assets | 427,100 |
TOTAL ASSETS | 458,283,005 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 278,502 |
Notes & Interest Payable | 20,622,800 |
Accounts Payable & Other Liabilities | 9,239,719 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 100,581,174 |
Regular shares | 99,998,539 |
All Other Shares & Deposits | 190,495,898 |
TOTAL SHARES & DEPOSITS | 391,075,611 |
TOTAL LIABILITIES | 421,216,632 |
Regular Reserve | 0 |
Other Reserves | -10,439,660 |
Undivided Earnings | 47,506,033 |
TOTAL EQUITY | 37,066,373 |
TOTAL LIABILITIES, SHARES, & EQUITY | 458,283,005 |
INCOME & EXPENSE | |
Loan Income | 15,720,727 |
Investment Income | 2,557,749 |
Other Income | 1,910,570 |
Total Employee Compensation & Benefits | 9,261,500 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,761,322 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 712,144 |
Cost of Funds | 4,221,657 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,463,513 |
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