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DAKOTALAND FEDERAL CREDIT UNION

Mar, 31, 2021 — DAKOTALAND FEDERAL CREDIT UNION is a federal credit union headquartered in Huron, SD with 12 branch locations and about $494.08 million in total assets. Opened 86 years ago in 1935, DAKOTALAND FEDERAL CREDIT UNION has about 33,379 members and employs 164 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291479356
Name:DAKOTALAND FEDERAL CREDIT UNION
Address:
(Main Office)
2297 Kansas Ave SE, Suite 1
Huron, SD 57350
Phone:(605) 352-2845
Fax:
Website:http://www.dakotalandfcu.com
Branches:12 branch locations
Members:33,379
Credit Union Type:Federal Credit Union
Charter Number:167
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$494,079,934
CEO/Manager:Ryan Goehner
Chairperson:Lance Howe

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Refund Anticipation Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Individual Development Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 87,135,380
TOTAL INVESTMENTS 99,437,137
Loans Held for Sale 964,500
 
 Real Estate Loans 135,439,360
 Unsecured Loans 15,851,179
 Other Loans 119,488,714
 TOTAL LOANS 270,779,253
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,764,049
 Land And Building 16,546,635
 Other Fixed Assets 1,595,379
 NCUSIF Deposit 3,224,862
 All Other Assets 16,160,837
  TOTAL ASSETS 494,079,934
LIABILITIES & CAPITAL:  
 Dividends Payable 197,818
 Notes & Interest Payable 2,620,000
 Accounts Payable & Other Liabilities 11,688,936
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 200,000
 Share Drafts 108,118,177
 Regular shares 122,292,421
 All Other Shares & Deposits 203,085,414
  TOTAL SHARES & DEPOSITS 433,496,012
  TOTAL LIABILITIES 448,202,766
 Regular Reserve 4,106,791
 Other Reserves 3,955,218
 Undivided Earnings 37,815,159
  TOTAL EQUITY 45,877,168
  TOTAL LIABILITIES, SHARES, & EQUITY 494,079,934
INCOME & EXPENSE  
 Loan Income 2,904,620
 Investment Income 294,651
 Other Income 2,328,115
 Total Employee Compensation & Benefits 3,110,938
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,400,735
 Non-operating Income & (Expense) 63,287
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 75,000
 Cost of Funds 619,041
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,071,290
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