Jun, 30, 2024 — DAKOTA PLAINS FEDERAL CREDIT UNION is a federal credit union headquartered in LEMMON, SD with 5 branch locations and about $73.55 million in total assets. Opened 68 years ago in 1957, DAKOTA PLAINS FEDERAL CREDIT UNION has about 4,705 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 |
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Address: (Main Office) | 519 Main Ave LEMMON, SD 57638-1421 |
Phone: | (605) 374-3880 |
Fax: | (605) 374-3181 |
Website: | https://dakotaplainsfcu.com |
Branches: | 5 branch locations |
Members: | 4,705 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $73,552,968 |
CEO/Manager: | Richard D Lynch |
Chairperson: | Mike Schweitzer |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,451,547 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,987,294 |
Unsecured Loans | 2,564,788 |
Other Loans | 30,983,534 |
TOTAL LOANS | 44,686,856 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -545,175 |
Land And Building | 1,501,784 |
Other Fixed Assets | 130,175 |
NCUSIF Deposit | 628,330 |
All Other Assets | 0 |
TOTAL ASSETS | 73,552,968 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 20,627 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,029,340 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,725,467 |
Regular shares | 27,936,987 |
All Other Shares & Deposits | 18,246,099 |
TOTAL SHARES & DEPOSITS | 66,908,553 |
TOTAL LIABILITIES | 67,958,520 |
Regular Reserve | 0 |
Other Reserves | 959,512 |
Undivided Earnings | 4,634,936 |
TOTAL EQUITY | 5,594,448 |
TOTAL LIABILITIES, SHARES, & EQUITY | 73,552,968 |
INCOME & EXPENSE | |
Loan Income | 1,525,181 |
Investment Income | 164,647 |
Other Income | 344,495 |
Total Employee Compensation & Benefits | 1,057,918 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 783,781 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 120,000 |
Cost of Funds | 188,813 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 218,204 |
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