Sep, 30, 2025 — ABERDEEN FEDERAL CREDIT UNION is a federal credit union headquartered in ABERDEEN, SD with 2 branch locations and about $188.21 million in total assets. Opened 91 years ago in 1935, ABERDEEN FEDERAL CREDIT UNION has about 11,719 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ABERDEEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2324 8TH AVE NE ABERDEEN, SD 57401 |
| Phone: | (605) 225-2488 |
| Fax: | (605) 225-5737 |
| Website: | https://www.areafcu.org |
| Branches: | 2 branch locations |
| Members: | 11,719 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 274 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $188,213,622 |
| CEO/Manager: | Steve Streier |
| Chairperson: | Douglas Thompson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,948,798 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 358,707 |
| Real Estate Loans | 23,999,911 |
| Unsecured Loans | 1,234,728 |
| Other Loans | 106,036,839 |
| TOTAL LOANS | 131,840,281 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -433,891 |
| Land And Building | 4,692,812 |
| Other Fixed Assets | 483,643 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,384,704 |
| All Other Assets | 0 |
| TOTAL ASSETS | 188,213,622 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 278,568 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,477,335 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,068,318 |
| Regular shares | 66,570,314 |
| All Other Shares & Deposits | 54,961,650 |
| TOTAL SHARES & DEPOSITS | 155,600,282 |
| TOTAL LIABILITIES | 157,356,185 |
| Regular Reserve | 0 |
| Other Reserves | -1,238,602 |
| Undivided Earnings | 32,096,039 |
| TOTAL EQUITY | 30,857,437 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 188,213,622 |
| INCOME & EXPENSE | |
| Loan Income | 5,877,962 |
| Investment Income | 1,766,283 |
| Other Income | 856,252 |
| Total Employee Compensation & Benefits | 2,208,509 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,159,487 |
| Non-operating Income & (Expense) | -79,880 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 292,055 |
| Cost of Funds | 2,079,130 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,862,657 |
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