Sep, 30, 2025 — PALACE CITY FEDERAL CREDIT UNION is a federal credit union headquartered in MITCHELL, SD with 1 branch location and about $16.81 million in total assets. Opened 67 years ago in 1959, PALACE CITY FEDERAL CREDIT UNION has about 1,567 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PALACE CITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 720 W Havens Ave MITCHELL, SD 57301 |
| Phone: | (605) 996-9211 |
| Fax: | (605) 996-3957 |
| Website: | https://www.palacecitycu.org |
| Branches: | 1 branch locations |
| Members: | 1,567 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13103 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,809,532 |
| CEO/Manager: | Andrew Priebe |
| Chairperson: | Marius Laursen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,463,861 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,364,941 |
| Unsecured Loans | 136,760 |
| Other Loans | 5,408,075 |
| TOTAL LOANS | 6,909,776 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,248 |
| Land And Building | 158,751 |
| Other Fixed Assets | 15,943 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 130,840 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,809,532 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 140,089 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,758,587 |
| Regular shares | 10,390,354 |
| All Other Shares & Deposits | 2,948,902 |
| TOTAL SHARES & DEPOSITS | 15,097,843 |
| TOTAL LIABILITIES | 15,237,932 |
| Regular Reserve | 0 |
| Other Reserves | 185,527 |
| Undivided Earnings | 1,386,073 |
| TOTAL EQUITY | 1,571,600 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,809,532 |
| INCOME & EXPENSE | |
| Loan Income | 353,249 |
| Investment Income | 246,428 |
| Other Income | 28,583 |
| Total Employee Compensation & Benefits | 229,756 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 221,349 |
| Non-operating Income & (Expense) | 41,857 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 144,023 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 75,047 |
| ↑ Back to Top | |