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 |
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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 |
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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, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $65,385,189 |
CEO/Manager: | Richard D Lynch |
Chairperson: | Mike Schweitzer |
ASSETS: | $ Amount |
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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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