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SERVICE FIRST FEDERAL CREDIT UNION

Jun, 30, 2021 — SERVICE FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in Sioux Falls, SD with 3 branch locations and about $206.91 million in total assets. Opened 87 years ago in 1934, SERVICE FIRST FEDERAL CREDIT UNION has about 18,756 members and employs 60 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 East 10th Street
Sioux Falls, SD 57103
Phone:(605) 336-1047
Fax:(605) 336-6529
Website:http://www.servicefirstfcu.org
Branches:3 branch locations
Members:18,756
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$206,911,307
CEO/Manager:Travis J Kasten
Chairperson:James A Larson

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 68,096,693
TOTAL INVESTMENTS 22,703,596
Loans Held for Sale 978,882
 
 Real Estate Loans 19,565,256
 Unsecured Loans 2,417,555
 Other Loans 88,706,204
 TOTAL LOANS 110,689,015
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,596,986
 Land And Building 1,943,426
 Other Fixed Assets 358,251
 NCUSIF Deposit 1,778,167
 All Other Assets 1,960,263
  TOTAL ASSETS 206,911,307
LIABILITIES & CAPITAL:  
 Dividends Payable 41,316
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 563,426
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 52,430,229
 Regular shares 92,126,058
 All Other Shares & Deposits 50,698,170
  TOTAL SHARES & DEPOSITS 195,254,457
  TOTAL LIABILITIES 195,859,199
 Regular Reserve 5,373,344
 Other Reserves -1,557,689
 Undivided Earnings 7,236,453
  TOTAL EQUITY 11,052,108
  TOTAL LIABILITIES, SHARES, & EQUITY 206,911,307
INCOME & EXPENSE  
 Loan Income 2,238,470
 Investment Income 146,771
 Other Income 2,090,241
 Total Employee Compensation & Benefits 2,268,600
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,112,918
 Non-operating Income & (Expense) 152,223
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,103
 Cost of Funds 71,434
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,374,858
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