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 |
| 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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