Dec, 31, 2023 — LAKOTA FEDERAL CREDIT UNION is a federal credit union headquartered in KYLE, SD with 1 branch location and about $13.73 million in total assets. Opened 12 years ago in 2012, LAKOTA FEDERAL CREDIT UNION has about 4,094 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LAKOTA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 Main BIA 2 KYLE, SD 57752 |
Phone: | (605) 455-1515 |
Fax: | (605) 455-1514 |
Website: | https://www.lakotafcu.org |
Branches: | 1 branch locations |
Members: | 4,094 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24847 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 2012 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,726,222 |
CEO/Manager: | Shayna Ferguson |
Chairperson: | Tawney Brunsch |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,257,201 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,060,082 |
Unsecured Loans | 1,208,180 |
Other Loans | 3,177,553 |
TOTAL LOANS | 5,645,979 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -506,053 |
Land And Building | 0 |
Other Fixed Assets | 169,762 |
NCUSIF Deposit | 55,169 |
All Other Assets | 0 |
TOTAL ASSETS | 13,726,222 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,527,645 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 581,951 |
Regular shares | 2,427,256 |
All Other Shares & Deposits | 4,480,834 |
TOTAL SHARES & DEPOSITS | 7,490,041 |
TOTAL LIABILITIES | 11,017,686 |
Regular Reserve | 0 |
Other Reserves | 537,851 |
Undivided Earnings | 2,170,685 |
TOTAL EQUITY | 2,708,536 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,726,222 |
INCOME & EXPENSE | |
Loan Income | 429,037 |
Investment Income | 6,477 |
Other Income | 121,597 |
Total Employee Compensation & Benefits | 511,097 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 738,963 |
Non-operating Income & (Expense) | 1,378,238 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 300,000 |
Cost of Funds | 58,332 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 493,147 |
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