Dec, 31, 2023 — SISSETON-WAHPETON FEDERAL CREDIT UNION is a federal credit union headquartered in AGENCY VILLAGE, SD with 1 branch location and about $5.61 million in total assets. Opened 45 years ago in 1979, SISSETON-WAHPETON FEDERAL CREDIT UNION has about 1,374 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SISSETON-WAHPETON FEDERAL CREDIT UNION |
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Address: (Main Office) | 45665 Veterans Memorial Dr AGENCY VILLAGE, SD 57262 |
Phone: | (605) 698-3462 |
Fax: | (605) 698-3907 |
Website: | https://www.sisseton-wahpetonfcu.com |
Branches: | 1 branch locations |
Members: | 1,374 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23309 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1979 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,606,726 |
CEO/Manager: | Stephanie Sievers |
Chairperson: | Shaun Eastman |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,543,607 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 827,076 |
Other Loans | 2,211,169 |
TOTAL LOANS | 3,038,245 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,160 |
Land And Building | 0 |
Other Fixed Assets | 30,999 |
NCUSIF Deposit | 31,151 |
All Other Assets | 0 |
TOTAL ASSETS | 5,606,726 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,931 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 623,010 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,000,000 |
Share Drafts | 90,645 |
Regular shares | 1,457,029 |
All Other Shares & Deposits | 1,060,405 |
TOTAL SHARES & DEPOSITS | 2,608,079 |
TOTAL LIABILITIES | 4,234,020 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,372,706 |
TOTAL EQUITY | 1,372,706 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,606,726 |
INCOME & EXPENSE | |
Loan Income | 402,643 |
Investment Income | 18,376 |
Other Income | 97,925 |
Total Employee Compensation & Benefits | 125,970 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 369,882 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,381 |
Cost of Funds | 20,546 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 11,430 |
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