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SIOUX FALLS FEDERAL CREDIT UNION

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.


ABA Routing Number: 291479974
Name:SIOUX FALLS FEDERAL CREDIT UNION
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
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

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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