Dec, 31, 2023 — DAKOTALAND FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 13 branch locations and about $630.16 million in total assets. Opened 89 years ago in 1935, DAKOTALAND FEDERAL CREDIT UNION has about 38,504 members and employs 178 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DAKOTALAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2297 Kansas Ave SE HURON, SD 57350 |
| Phone: | (605) 352-2845 |
| Fax: | |
| Website: | https://www.dakotalandfcu.com |
| Branches: | 13 branch locations |
| Members: | 38,504 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 167 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $630,158,202 |
| CEO/Manager: | Ryan Goehner |
| Chairperson: | Lance Howe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 68,670,411 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,228,932 |
| Real Estate Loans | 252,691,011 |
| Unsecured Loans | 21,169,248 |
| Other Loans | 144,569,701 |
| TOTAL LOANS | 418,429,960 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,654,191 |
| Land And Building | 22,929,940 |
| Other Fixed Assets | 1,372,903 |
| NCUSIF Deposit | 4,533,462 |
| All Other Assets | 158,706 |
| TOTAL ASSETS | 630,158,202 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 962,169 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,370,439 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 120,963,975 |
| Regular shares | 119,913,695 |
| All Other Shares & Deposits | 315,810,082 |
| TOTAL SHARES & DEPOSITS | 556,687,753 |
| TOTAL LIABILITIES | 572,073,370 |
| Regular Reserve | 0 |
| Other Reserves | 1,235,563 |
| Undivided Earnings | 56,849,269 |
| TOTAL EQUITY | 58,084,832 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 630,158,202 |
| INCOME & EXPENSE | |
| Loan Income | 18,634,641 |
| Investment Income | 4,042,755 |
| Other Income | 5,298,765 |
| Total Employee Compensation & Benefits | 13,918,200 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,216,039 |
| Non-operating Income & (Expense) | 264,370 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 232,411 |
| Cost of Funds | 7,357,206 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,620,893 |
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