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.
Name: | SERVICE FIRST FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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