Mar, 31, 2022 — DAKOTA PLAINS FEDERAL CREDIT UNION is a federal credit union headquartered in LEMMON, SD with 5 branch locations and about $74.97 million in total assets. Opened 65 years ago in 1957, DAKOTA PLAINS FEDERAL CREDIT UNION has about 4,734 members and employs 20 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 |
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Address: (Main Office) | 519 Main Ave LEMMON, SD 57638-1421 |
Phone: | (605) 374-3880 |
Fax: | (605) 374-3181 |
Website: | http://dakotaplainsfcu.com |
Branches: | 5 branch locations |
Members: | 4,734 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11526 |
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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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $74,974,825 |
CEO/Manager: | Richard D Lynch |
Chairperson: | Mike Schweitzer |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,278,005 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,765,110 |
Unsecured Loans | 2,044,228 |
Other Loans | 27,799,144 |
TOTAL LOANS | 40,608,482 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -478,015 |
Land And Building | 1,527,370 |
Other Fixed Assets | 141,033 |
NCUSIF Deposit | 600,779 |
All Other Assets | 0 |
TOTAL ASSETS | 74,974,825 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 28,171 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,163,765 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,671,882 |
Regular shares | 24,701,750 |
All Other Shares & Deposits | 20,781,767 |
TOTAL SHARES & DEPOSITS | 68,155,399 |
TOTAL LIABILITIES | 69,347,335 |
Regular Reserve | 0 |
Other Reserves | 959,512 |
Undivided Earnings | 4,667,978 |
TOTAL EQUITY | 5,627,490 |
TOTAL LIABILITIES, SHARES, & EQUITY | 74,974,825 |
INCOME & EXPENSE | |
Loan Income | 515,890 |
Investment Income | 45,077 |
Other Income | 111,673 |
Total Employee Compensation & Benefits | 361,782 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 258,298 |
Non-operating Income & (Expense) | 64,132 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,000 |
Cost of Funds | 66,562 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 251,243 |
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