Credit Unions Near Me
National Credit Union Service Organization

ABERDEEN FEDERAL CREDIT UNION

Mar, 31, 2022 — ABERDEEN FEDERAL CREDIT UNION is a federal credit union headquartered in ABERDEEN, SD with 1 branch location and about $193.59 million in total assets. Opened 87 years ago in 1935, ABERDEEN FEDERAL CREDIT UNION has about 11,814 members and employs 33 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:http://www.areafcu.org
Branches:1 branch locations
Members:11,814
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$193,593,317
CEO/Manager:Robert J Goscicki
Chairperson:Patricia Tollefson

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 26,533,781
TOTAL INVESTMENTS 0
Loans Held for Sale 611,644
 
 Real Estate Loans 14,962,359
 Unsecured Loans 1,006,502
 Other Loans 81,778,296
 TOTAL LOANS 98,841,384
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -158,109
 Land And Building 1,280,538
 Other Fixed Assets 110,278
 NCUSIF Deposit 1,479,459
 All Other Assets 0
  TOTAL ASSETS 193,593,317
LIABILITIES & CAPITAL:  
 Dividends Payable 2,414
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,182,055
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 43,365,925
 Regular shares 82,650,581
 All Other Shares & Deposits 43,145,949
  TOTAL SHARES & DEPOSITS 169,162,455
  TOTAL LIABILITIES 171,346,924
 Regular Reserve 0
 Other Reserves -1,996,135
 Undivided Earnings 24,242,528
  TOTAL EQUITY 22,246,393
  TOTAL LIABILITIES, SHARES, & EQUITY 193,593,317
INCOME & EXPENSE  
 Loan Income 993,021
 Investment Income 70,183
 Other Income 262,392
 Total Employee Compensation & Benefits 518,312
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 431,133
 Non-operating Income & (Expense) -29,871
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,146
 Cost of Funds 108,175
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 398,259
↑ Back to Top

Other Credit Unions

HB TELCO FEDERAL CREDIT UNION
375 3rd St SW
HURON, SD 57350-1924
DAKOTA RAIL LINE FEDERAL CREDIT UNION
270 4th St NE
HURON, SD 57350-1614
SISSETON-WAHPETON FEDERAL CREDIT UNION
45665 Veterans Memorial Dr
AGENCY VILLAGE, SD 57262
HURON AREA EDUCATION FEDERAL CREDIT UNION
1855 Arizona Ave SW
HURON, SD 57350-6582
M O FEDERAL CREDIT UNION
1730 Dakota Ave S
HURON, SD 57350
COTEAU VALLEY FEDERAL CREDIT UNION
212 W Hickory St
SISSETON, SD 57262-1826
SIOUX VALLEY COOP FEDERAL CREDIT UNION
712 9th Ave SE
WATERTOWN, SD 57201-5222
AVANTI FEDERAL CREDIT UNION
1620 4th St NE
WATERTOWN, SD 57201-8604
OAHE FEDERAL CREDIT UNION
221 E Pleasant Dr
PIERRE, SD 57501-3123
EAST RIVER FEDERAL CREDIT UNION
220 S Harth Ave
MADISON, SD 57042-2916