Sep, 30, 2025 — SERVICE FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in SIOUX FALLS, SD with 3 branch locations and about $202.77 million in total assets. Opened 92 years ago in 1934, SERVICE FIRST FEDERAL CREDIT UNION has about 16,780 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SERVICE FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3901 E 10th St SIOUX FALLS, SD 57103-2133 |
| Phone: | (605) 336-1047 |
| Fax: | (605) 336-6529 |
| Website: | https://www.servicefirstfcu.org |
| Branches: | 3 branch locations |
| Members: | 16,780 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 77 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $202,766,423 |
| CEO/Manager: | Travis J Kasten |
| Chairperson: | Kyle J Scholten |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 53,468,432 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 4,714,930 |
| Real Estate Loans | 35,098,466 |
| Unsecured Loans | 2,324,628 |
| Other Loans | 67,564,856 |
| TOTAL LOANS | 104,987,951 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -813,159 |
| Land And Building | 1,876,702 |
| Other Fixed Assets | 485,416 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,784,984 |
| All Other Assets | 626,414 |
| TOTAL ASSETS | 202,766,423 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 191,433 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,625,851 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 53,502,120 |
| Regular shares | 80,234,242 |
| All Other Shares & Deposits | 51,224,426 |
| TOTAL SHARES & DEPOSITS | 184,960,788 |
| TOTAL LIABILITIES | 186,778,072 |
| Regular Reserve | 0 |
| Other Reserves | -2,421,710 |
| Undivided Earnings | 18,410,061 |
| TOTAL EQUITY | 15,988,351 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 202,766,423 |
| INCOME & EXPENSE | |
| Loan Income | 4,315,582 |
| Investment Income | 2,113,659 |
| Other Income | 2,179,780 |
| Total Employee Compensation & Benefits | 4,004,776 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,955,145 |
| Non-operating Income & (Expense) | 47,240 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 505,181 |
| Cost of Funds | 594,118 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 854,626 |
| ↑ Back to Top | |