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DAKOTA PLAINS FEDERAL CREDIT UNION

Mar, 31, 2021 — DAKOTA PLAINS FEDERAL CREDIT UNION is a federal credit union headquartered in Lemmon, SD with 5 branch locations and about $68.04 million in total assets. Opened 64 years ago in 1957, DAKOTA PLAINS FEDERAL CREDIT UNION has about 4,788 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:4,788
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:$68,040,544
CEO/Manager:Richard D Lynch
Chairperson:Mike Schweitzer

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Refund Anticipation Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,431,548
TOTAL INVESTMENTS 15,206,850
Loans Held for Sale 0
 
 Real Estate Loans 11,947,751
 Unsecured Loans 3,684,304
 Other Loans 27,398,071
 TOTAL LOANS 43,030,126
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -465,396
 Land And Building 1,581,292
 Other Fixed Assets 196,016
 NCUSIF Deposit 513,603
 All Other Assets 546,505
  TOTAL ASSETS 68,040,544
LIABILITIES & CAPITAL:  
 Dividends Payable 31,360
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 977,299
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,250,761
 Regular shares 22,338,329
 All Other Shares & Deposits 19,312,858
  TOTAL SHARES & DEPOSITS 61,901,948
  TOTAL LIABILITIES 62,910,607
 Regular Reserve 959,512
 Other Reserves 0
 Undivided Earnings 4,170,425
  TOTAL EQUITY 5,129,937
  TOTAL LIABILITIES, SHARES, & EQUITY 68,040,544
INCOME & EXPENSE  
 Loan Income 545,128
 Investment Income 19,429
 Other Income 337,159
 Total Employee Compensation & Benefits 373,266
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 253,213
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,000
 Cost of Funds 75,099
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 222,454
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