Jun, 30, 2024 — SIOUX FALLS FEDERAL CREDIT UNION is a federal credit union headquartered in Sioux Falls, SD with 6 branch locations and about $450.16 million in total assets. Opened 91 years ago in 1934, SIOUX FALLS FEDERAL CREDIT UNION has about 32,215 members and employs 119 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 |
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Address: (Main Office) | 1741 S Cleveland Ave Sioux Falls, SD 57103 |
Phone: | (605) 334-2471 |
Fax: | |
Website: | https://www.levo.org |
Branches: | 6 branch locations |
Members: | 32,215 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 60 |
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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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $450,159,712 |
CEO/Manager: | Fran Sommerfeld |
Chairperson: | Shantel Jennings |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,533,750 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,142,127 |
Real Estate Loans | 93,079,889 |
Unsecured Loans | 19,686,237 |
Other Loans | 125,816,969 |
TOTAL LOANS | 238,583,095 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,632,704 |
Land And Building | 13,314,709 |
Other Fixed Assets | 903,298 |
NCUSIF Deposit | 3,772,362 |
All Other Assets | 132,700 |
TOTAL ASSETS | 450,159,712 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 595 |
Notes & Interest Payable | 2,432,387 |
Accounts Payable & Other Liabilities | 7,072,808 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 109,080,389 |
Regular shares | 126,436,339 |
All Other Shares & Deposits | 171,479,569 |
TOTAL SHARES & DEPOSITS | 406,996,297 |
TOTAL LIABILITIES | 416,502,087 |
Regular Reserve | 0 |
Other Reserves | -11,530,131 |
Undivided Earnings | 45,187,756 |
TOTAL EQUITY | 33,657,625 |
TOTAL LIABILITIES, SHARES, & EQUITY | 450,159,712 |
INCOME & EXPENSE | |
Loan Income | 7,007,396 |
Investment Income | 1,673,699 |
Other Income | 1,429,872 |
Total Employee Compensation & Benefits | 5,616,360 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,142,040 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 211,500 |
Cost of Funds | 395,337 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,194,168 |
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