Sep, 30, 2025 — SIOUX FALLS FEDERAL CREDIT UNION is a federal credit union headquartered in SIOUX FALLS, SD with 7 branch locations and about $497.78 million in total assets. Opened 92 years ago in 1934, SIOUX FALLS FEDERAL CREDIT UNION has about 37,177 members and employs 128 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 FALLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1741 S Cleveland Ave SIOUX FALLS, SD 57103 |
| Phone: | (605) 334-2471 |
| Fax: | (605) 977-8340 |
| Website: | https://www.levo.org |
| Branches: | 7 branch locations |
| Members: | 37,177 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 60 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Mar 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $497,781,951 |
| CEO/Manager: | Fran Sommerfeld |
| Chairperson: | James Nord |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,129,559 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,376,555 |
| Real Estate Loans | 141,104,757 |
| Unsecured Loans | 26,355,988 |
| Other Loans | 136,529,424 |
| TOTAL LOANS | 330,972,433 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,432,400 |
| Land And Building | 15,442,881 |
| Other Fixed Assets | 717,663 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,210,894 |
| All Other Assets | 875,600 |
| TOTAL ASSETS | 497,781,951 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 434,078 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,665,945 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 103,799,219 |
| Regular shares | 105,376,745 |
| All Other Shares & Deposits | 232,597,065 |
| TOTAL SHARES & DEPOSITS | 441,773,029 |
| TOTAL LIABILITIES | 448,873,052 |
| Regular Reserve | 0 |
| Other Reserves | -4,588,626 |
| Undivided Earnings | 53,497,525 |
| TOTAL EQUITY | 48,908,899 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 497,781,951 |
| INCOME & EXPENSE | |
| Loan Income | 16,994,765 |
| Investment Income | 3,298,250 |
| Other Income | 1,896,726 |
| Total Employee Compensation & Benefits | 8,422,150 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,765,885 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,829,000 |
| Cost of Funds | 4,837,286 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,878,644 |
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