Dec, 31, 2023 — SIOUX VALLEY COOP FEDERAL CREDIT UNION is a federal credit union headquartered in WATERTOWN, SD with 1 branch location and about $37.51 million in total assets. Opened 71 years ago in 1953, SIOUX VALLEY COOP FEDERAL CREDIT UNION has about 3,360 members and employs 7 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 VALLEY COOP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 712 9th Ave SE WATERTOWN, SD 57201-5222 |
| Phone: | (605) 882-2706 |
| Fax: | (605) 882-6024 |
| Website: | https://www.siouxvalleyco-opfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,360 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8752 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,506,870 |
| CEO/Manager: | Kathy Lentsch |
| Chairperson: | Todd Good |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,632,320 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,155,054 |
| Other Loans | 23,126,229 |
| TOTAL LOANS | 25,281,283 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -233,017 |
| Land And Building | 0 |
| Other Fixed Assets | 167,534 |
| NCUSIF Deposit | 284,802 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,506,870 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 270,895 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 29,988 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 14,630,659 |
| All Other Shares & Deposits | 15,911,865 |
| TOTAL SHARES & DEPOSITS | 30,542,525 |
| TOTAL LIABILITIES | 30,843,408 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,663,462 |
| TOTAL EQUITY | 6,663,462 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,506,870 |
| INCOME & EXPENSE | |
| Loan Income | 1,626,653 |
| Investment Income | 185,795 |
| Other Income | 17,258 |
| Total Employee Compensation & Benefits | 412,397 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 260,518 |
| Non-operating Income & (Expense) | 1,634 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 161,365 |
| Cost of Funds | 659,364 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 342,211 |
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