Sep, 30, 2025 — DAKOTA PLAINS FEDERAL CREDIT UNION is a federal credit union headquartered in LEMMON, SD with 5 branch locations and about $75.01 million in total assets. Opened 69 years ago in 1957, DAKOTA PLAINS FEDERAL CREDIT UNION has about 4,858 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DAKOTA PLAINS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 519 Main Ave LEMMON, SD 57638-1421 |
| Phone: | (605) 374-3880 |
| Fax: | (888) 886-7741 |
| Website: | https://www.dakotaplainsfcu.com |
| Branches: | 5 branch locations |
| Members: | 4,858 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11526 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $75,005,453 |
| CEO/Manager: | Brent Dirk |
| Chairperson: | Mike Schweitzer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,911,493 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,717,390 |
| Unsecured Loans | 2,446,929 |
| Other Loans | 39,023,570 |
| TOTAL LOANS | 53,273,632 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -343,323 |
| Land And Building | 1,447,681 |
| Other Fixed Assets | 264,415 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 656,405 |
| All Other Assets | 32,900 |
| TOTAL ASSETS | 75,005,453 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 57,364 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,207,238 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,968,764 |
| Regular shares | 24,332,490 |
| All Other Shares & Deposits | 23,305,407 |
| TOTAL SHARES & DEPOSITS | 66,606,664 |
| TOTAL LIABILITIES | 67,875,985 |
| Regular Reserve | 0 |
| Other Reserves | 959,512 |
| Undivided Earnings | 6,169,956 |
| TOTAL EQUITY | 7,129,468 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 75,005,453 |
| INCOME & EXPENSE | |
| Loan Income | 2,800,259 |
| Investment Income | 541,086 |
| Other Income | 191,287 |
| Total Employee Compensation & Benefits | 1,306,699 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 865,984 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -166,174 |
| Cost of Funds | 513,495 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,185,842 |
| ↑ Back to Top | |