Dec, 31, 2023 — DACOTAH FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $12.22 million in total assets. Opened 74 years ago in 1950, DACOTAH FEDERAL CREDIT UNION has about 899 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DACOTAH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2990 E HIGHWAY 44 RAPID CITY, SD 57703 |
| Phone: | (605) 791-1424 |
| Fax: | (605) 348-2986 |
| Website: | https://www.dacotahfcu.com |
| Branches: | 1 branch locations |
| Members: | 899 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7021 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,215,639 |
| CEO/Manager: | Teresa Peregrine |
| Chairperson: | Kimberly L Miles |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,321,601 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 748,920 |
| Unsecured Loans | 1,368,574 |
| Other Loans | 3,898,677 |
| TOTAL LOANS | 6,016,171 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,136 |
| Land And Building | 1,064,984 |
| Other Fixed Assets | 27,300 |
| NCUSIF Deposit | 113,576 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,215,639 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,302 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,442,652 |
| Regular shares | 6,596,216 |
| All Other Shares & Deposits | 2,154,152 |
| TOTAL SHARES & DEPOSITS | 11,193,020 |
| TOTAL LIABILITIES | 11,202,322 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,013,317 |
| TOTAL EQUITY | 1,013,317 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,215,639 |
| INCOME & EXPENSE | |
| Loan Income | 460,803 |
| Investment Income | 82,710 |
| Other Income | 50,061 |
| Total Employee Compensation & Benefits | 249,143 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 268,860 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -34,500 |
| Cost of Funds | 20,310 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 95,458 |
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