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LAKOTA FEDERAL CREDIT UNION

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
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
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

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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