Jun, 30, 2024 — SIOUXLAND FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH SIOUX CITY, NE with 7 branch locations and about $262.26 million in total assets. Opened 57 years ago in 1967, SIOUXLAND FEDERAL CREDIT UNION has about 21,638 members and employs 70 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SIOUXLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3000 Plaza Dr SOUTH SIOUX CITY, NE 68776 |
| Phone: | (402) 494-2073 |
| Fax: | (402) 494-4107 |
| Website: | https://www.siouxlandfederalcu.com |
| Branches: | 7 branch locations |
| Members: | 21,638 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24327 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $262,258,911 |
| CEO/Manager: | Joel A Steenhoven |
| Chairperson: | Jerry R Pfeifer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,041,717 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 444,497 |
| Real Estate Loans | 85,174,778 |
| Unsecured Loans | 2,595,343 |
| Other Loans | 96,122,146 |
| TOTAL LOANS | 183,892,267 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -775,861 |
| Land And Building | 8,782,859 |
| Other Fixed Assets | 1,106,861 |
| NCUSIF Deposit | 2,108,759 |
| All Other Assets | 0 |
| TOTAL ASSETS | 262,258,911 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 389 |
| Notes & Interest Payable | 2,000,000 |
| Accounts Payable & Other Liabilities | 2,768,952 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 61,773,125 |
| Regular shares | 70,000,481 |
| All Other Shares & Deposits | 93,124,694 |
| TOTAL SHARES & DEPOSITS | 224,898,300 |
| TOTAL LIABILITIES | 229,667,641 |
| Regular Reserve | 0 |
| Other Reserves | 3,206,117 |
| Undivided Earnings | 29,385,153 |
| TOTAL EQUITY | 32,591,270 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 262,258,911 |
| INCOME & EXPENSE | |
| Loan Income | 5,105,746 |
| Investment Income | 729,231 |
| Other Income | 1,341,750 |
| Total Employee Compensation & Benefits | 4,004,430 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,253,608 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,500 |
| Cost of Funds | 488,324 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 998,711 |
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