Dec, 31, 2022 — DACOTAH FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $12.05 million in total assets. Opened 73 years ago in 1950, DACOTAH FEDERAL CREDIT UNION has about 932 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: | 932 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,052,251 |
| CEO/Manager: | Teresa Peregrine |
| Chairperson: | Dawn Barney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 995,828 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 835,293 |
| Unsecured Loans | 1,185,009 |
| Other Loans | 4,046,499 |
| TOTAL LOANS | 6,066,801 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,392 |
| Land And Building | 1,097,259 |
| Other Fixed Assets | 33,906 |
| NCUSIF Deposit | 111,251 |
| All Other Assets | 683 |
| TOTAL ASSETS | 12,052,251 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,502 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,674,199 |
| Regular shares | 6,907,362 |
| All Other Shares & Deposits | 1,514,926 |
| TOTAL SHARES & DEPOSITS | 11,096,487 |
| TOTAL LIABILITIES | 11,110,989 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 941,262 |
| TOTAL EQUITY | 941,262 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,052,251 |
| INCOME & EXPENSE | |
| Loan Income | 314,786 |
| Investment Income | 16,120 |
| Other Income | 36,634 |
| Total Employee Compensation & Benefits | 170,770 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 189,748 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,002 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,062 |
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