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SERVICE FIRST FEDERAL CREDIT UNION

Dec, 31, 2023 — SERVICE FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in SIOUX FALLS, SD with 3 branch locations and about $208.98 million in total assets. Opened 90 years ago in 1934, SERVICE FIRST FEDERAL CREDIT UNION has about 17,958 members and employs 64 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:17,958
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$208,975,459
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 21,011,369
TOTAL INVESTMENTS 0
Loans Held for Sale 2,291,446
 
 Real Estate Loans 37,639,621
 Unsecured Loans 2,242,406
 Other Loans 101,547,504
 TOTAL LOANS 141,429,531
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -740,202
 Land And Building 1,850,509
 Other Fixed Assets 687,822
 NCUSIF Deposit 1,925,822
 All Other Assets 141,601
  TOTAL ASSETS 208,975,459
LIABILITIES & CAPITAL:  
 Dividends Payable 260,437
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 430,468
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 53,904,756
 Regular shares 80,132,020
 All Other Shares & Deposits 61,886,760
  TOTAL SHARES & DEPOSITS 195,923,536
  TOTAL LIABILITIES 196,614,441
 Regular Reserve 0
 Other Reserves -4,196,857
 Undivided Earnings 16,557,875
  TOTAL EQUITY 12,361,018
  TOTAL LIABILITIES, SHARES, & EQUITY 208,975,459
INCOME & EXPENSE  
 Loan Income 5,545,172
 Investment Income 1,468,055
 Other Income 2,875,410
 Total Employee Compensation & Benefits 5,404,759
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,769,817
 Non-operating Income & (Expense) 81,852
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 67,405
 Cost of Funds 825,694
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 159,547
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