Dec, 31, 2020 — DAKOTA PLAINS FEDERAL CREDIT UNION is a federal credit union headquartered in Lemmon, SD with 5 branch locations and about $65.39 million in total assets. Opened 64 years ago in 1957, DAKOTA PLAINS FEDERAL CREDIT UNION has about 4,789 members and employs 22 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) | PO Box 389 Lemmon, SD 57638-0389 |
| Phone: | (605) 374-3880 |
| Fax: | (605) 374-3181 |
| Website: | http://dakotaplainsfcu.com |
| Branches: | 5 branch locations |
| Members: | 4,789 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $65,385,189 |
| CEO/Manager: | Richard D Lynch |
| Chairperson: | Mike Schweitzer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,135,612 |
| TOTAL INVESTMENTS | 14,856,730 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,354,756 |
| Unsecured Loans | 2,010,312 |
| Other Loans | 26,740,449 |
| TOTAL LOANS | 41,105,517 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -460,665 |
| Land And Building | 1,594,393 |
| Other Fixed Assets | 202,716 |
| NCUSIF Deposit | 513,603 |
| All Other Assets | 437,283 |
| TOTAL ASSETS | 65,385,189 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 37,852 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,541,744 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,321,550 |
| Regular shares | 18,361,447 |
| All Other Shares & Deposits | 20,215,114 |
| TOTAL SHARES & DEPOSITS | 58,898,111 |
| TOTAL LIABILITIES | 60,477,707 |
| Regular Reserve | 959,512 |
| Other Reserves | 0 |
| Undivided Earnings | 3,947,970 |
| TOTAL EQUITY | 4,907,482 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,385,189 |
| INCOME & EXPENSE | |
| Loan Income | 2,118,819 |
| Investment Income | 65,033 |
| Other Income | 399,396 |
| Total Employee Compensation & Benefits | 1,382,628 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 991,039 |
| Non-operating Income & (Expense) | 1 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -23,926 |
| Cost of Funds | 359,994 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -126,486 |
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