Dec, 31, 2023 — SIOUX EMPIRE FEDERAL CREDIT UNION is a federal credit union headquartered in SIOUX FALLS, SD with 3 branch locations and about $177.96 million in total assets. Opened 86 years ago in 1938, SIOUX EMPIRE FEDERAL CREDIT UNION has about 11,236 members and employs 67 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SIOUX EMPIRE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5010 S Solberg Ave SIOUX FALLS, SD 57108-2232 |
| Phone: | (605) 367-7070 |
| Fax: | (605) 367-4344 |
| Website: | https://www.bluestonefcu.org |
| Branches: | 3 branch locations |
| Members: | 11,236 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2874 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $177,958,455 |
| CEO/Manager: | Jeffrey D Jorgensen |
| Chairperson: | Paul Buriak II |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,104,410 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 260,340 |
| Real Estate Loans | 31,829,307 |
| Unsecured Loans | 8,077,188 |
| Other Loans | 79,211,046 |
| TOTAL LOANS | 119,117,541 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -921,553 |
| Land And Building | 2,557,818 |
| Other Fixed Assets | 867,777 |
| NCUSIF Deposit | 1,491,599 |
| All Other Assets | 0 |
| TOTAL ASSETS | 177,958,455 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,349 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,894,461 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 38,805,289 |
| Regular shares | 60,027,751 |
| All Other Shares & Deposits | 57,483,806 |
| TOTAL SHARES & DEPOSITS | 156,316,846 |
| TOTAL LIABILITIES | 163,229,656 |
| Regular Reserve | 0 |
| Other Reserves | 231,790 |
| Undivided Earnings | 14,497,009 |
| TOTAL EQUITY | 14,728,799 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 177,958,455 |
| INCOME & EXPENSE | |
| Loan Income | 5,622,978 |
| Investment Income | 1,102,305 |
| Other Income | 4,682,502 |
| Total Employee Compensation & Benefits | 5,134,836 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,673,443 |
| Non-operating Income & (Expense) | 367,545 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 316,086 |
| Cost of Funds | 1,616,633 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 521,074 |
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