Dec, 31, 2023 — DAKOTA PLAINS FEDERAL CREDIT UNION is a federal credit union headquartered in LEMMON, SD with 5 branch locations and about $69.93 million in total assets. Opened 67 years ago in 1957, DAKOTA PLAINS FEDERAL CREDIT UNION has about 4,798 members and employs 23 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 PLAINS FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 519 Main Ave LEMMON, SD 57638-1421 |
Phone: | (605) 374-3880 |
Fax: | (888) 886-7741 |
Website: | https://dakotaplainsfcu.com |
Branches: | 5 branch locations |
Members: | 4,798 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11526 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $69,930,300 |
CEO/Manager: | Brent Dirk |
Chairperson: | Mike Schweitzer |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 3,091,668 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,342,402 |
Unsecured Loans | 2,658,613 |
Other Loans | 33,271,428 |
TOTAL LOANS | 47,272,443 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -907,869 |
Land And Building | 1,554,103 |
Other Fixed Assets | 139,449 |
NCUSIF Deposit | 559,180 |
All Other Assets | 0 |
TOTAL ASSETS | 69,930,300 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 105,514 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,612,653 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,490,181 |
Regular shares | 22,336,312 |
All Other Shares & Deposits | 20,226,049 |
TOTAL SHARES & DEPOSITS | 63,052,542 |
TOTAL LIABILITIES | 64,770,709 |
Regular Reserve | 0 |
Other Reserves | 959,512 |
Undivided Earnings | 4,200,079 |
TOTAL EQUITY | 5,159,591 |
TOTAL LIABILITIES, SHARES, & EQUITY | 69,930,300 |
INCOME & EXPENSE | |
Loan Income | 2,894,307 |
Investment Income | 344,614 |
Other Income | 261,234 |
Total Employee Compensation & Benefits | 1,594,157 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,094,619 |
Non-operating Income & (Expense) | 22,928 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 399,608 |
Cost of Funds | 486,041 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 185,286 |
↑ Back to Top |