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SERVICE FIRST FEDERAL CREDIT UNION

Jun, 30, 2024 — SERVICE FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in SIOUX FALLS, SD with 3 branch locations and about $218.22 million in total assets. Opened 91 years ago in 1934, SERVICE FIRST FEDERAL CREDIT UNION has about 18,002 members and employs 70 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: 291479903
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:18,002
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$218,221,462
CEO/Manager:Travis J Kasten
Chairperson:Kyle J Scholten

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 50,243,676
TOTAL INVESTMENTS 0
Loans Held for Sale 2,277,814
 
 Real Estate Loans 25,426,251
 Unsecured Loans 1,609,901
 Other Loans 89,773,585
 TOTAL LOANS 116,809,737
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -968,603
 Land And Building 1,775,970
 Other Fixed Assets 419,739
 NCUSIF Deposit 1,985,391
 All Other Assets 82,456
  TOTAL ASSETS 218,221,462
LIABILITIES & CAPITAL:  
 Dividends Payable 5,310
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,100,685
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 58,351,517
 Regular shares 102,989,212
 All Other Shares & Deposits 45,914,162
  TOTAL SHARES & DEPOSITS 207,254,891
  TOTAL LIABILITIES 208,360,886
 Regular Reserve 0
 Other Reserves -6,126,470
 Undivided Earnings 15,987,046
  TOTAL EQUITY 9,860,576
  TOTAL LIABILITIES, SHARES, & EQUITY 218,221,462
INCOME & EXPENSE  
 Loan Income 2,933,969
 Investment Income 908,625
 Other Income 2,197,719
 Total Employee Compensation & Benefits 3,647,990
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,103,998
 Non-operating Income & (Expense) 30,373
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -705,000
 Cost of Funds 51,193
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,662,202
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