Dec, 31, 2023 — DAKOTA STAR FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 2 branch locations and about $39.60 million in total assets. Opened 72 years ago in 1952, DAKOTA STAR FEDERAL CREDIT UNION has about 2,521 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DAKOTA STAR FEDERAL CREDIT UNION |
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Address: (Main Office) | 3122 W SAINT LOUIS ST RAPID CITY, SD 57702-2354 |
Phone: | (605) 342-6442 |
Fax: | (605) 342-3301 |
Website: | https://www.dakotastar.org |
Branches: | 2 branch locations |
Members: | 2,521 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8039 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $39,596,041 |
CEO/Manager: | KELLI WOLD |
Chairperson: | ROBIN CLARKE |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,043,917 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,763,480 |
Unsecured Loans | 1,152,768 |
Other Loans | 16,679,688 |
TOTAL LOANS | 23,595,936 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -91,341 |
Land And Building | 1,984,643 |
Other Fixed Assets | 197,511 |
NCUSIF Deposit | 284,689 |
All Other Assets | 10,053 |
TOTAL ASSETS | 39,596,041 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 253,458 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,017,883 |
Regular shares | 8,407,027 |
All Other Shares & Deposits | 17,874,630 |
TOTAL SHARES & DEPOSITS | 36,299,540 |
TOTAL LIABILITIES | 36,553,397 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,042,644 |
TOTAL EQUITY | 3,042,644 |
TOTAL LIABILITIES, SHARES, & EQUITY | 39,596,041 |
INCOME & EXPENSE | |
Loan Income | 1,208,815 |
Investment Income | 242,344 |
Other Income | 269,745 |
Total Employee Compensation & Benefits | 681,806 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 745,984 |
Non-operating Income & (Expense) | 7,592 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,399 |
Cost of Funds | 133,180 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 137,127 |
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» See also Statement of Financial Condition