VERMILLION FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.vermillionfcu.com for more information.
Sep, 30, 2025 — VERMILLION FEDERAL CREDIT UNION is a federal credit union headquartered in VERMILLION, SD with 1 branch location and about $28.69 million in total assets. Opened 67 years ago in 1959, VERMILLION FEDERAL CREDIT UNION has about 2,837 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VERMILLION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 105 E CHERRY ST VERMILLION, SD 57069 |
| Phone: | (605) 677-5214 |
| Fax: | (605) 677-5449 |
| Website: | https://www.vermillionfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,837 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12983 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $28,693,183 |
| CEO/Manager: | Janet Mount |
| Chairperson: | Cathi Powell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,019,222 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,797,200 |
| Unsecured Loans | 653,883 |
| Other Loans | 9,665,516 |
| TOTAL LOANS | 13,116,599 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,030 |
| Land And Building | 516,384 |
| Other Fixed Assets | 27,010 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 233,677 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,693,183 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,032 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 78,258 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,509,817 |
| Regular shares | 13,828,910 |
| All Other Shares & Deposits | 3,409,289 |
| TOTAL SHARES & DEPOSITS | 25,748,016 |
| TOTAL LIABILITIES | 25,828,306 |
| Regular Reserve | 0 |
| Other Reserves | 258,706 |
| Undivided Earnings | 2,606,171 |
| TOTAL EQUITY | 2,864,877 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,693,183 |
| INCOME & EXPENSE | |
| Loan Income | 480,626 |
| Investment Income | 94,348 |
| Other Income | 347,686 |
| Total Employee Compensation & Benefits | 321,039 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 448,659 |
| Non-operating Income & (Expense) | -8,200 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,900 |
| Cost of Funds | 28,165 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 118,475 |
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