Dec, 31, 2023 — DAKOTA RAIL LINE FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 1 branch location and about $4.47 million in total assets. Opened 70 years ago in 1954, DAKOTA RAIL LINE FEDERAL CREDIT UNION has about 514 members and employs 3 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 RAIL LINE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 270 4th St NE HURON, SD 57350-1614 |
| Phone: | (605) 352-3648 |
| Fax: | (605) 352-6005 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 514 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9907 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,472,345 |
| CEO/Manager: | Rochelle A Gondzar |
| Chairperson: | Gerald L Schied |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 526,797 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 96,707 |
| Other Loans | 3,241,147 |
| TOTAL LOANS | 3,337,854 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,584 |
| Land And Building | 230,431 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 38,855 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,472,345 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,263 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,305,428 |
| All Other Shares & Deposits | 1,474,664 |
| TOTAL SHARES & DEPOSITS | 3,780,092 |
| TOTAL LIABILITIES | 3,788,355 |
| Regular Reserve | 0 |
| Other Reserves | 112,838 |
| Undivided Earnings | 571,152 |
| TOTAL EQUITY | 683,990 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,472,345 |
| INCOME & EXPENSE | |
| Loan Income | 231,362 |
| Investment Income | 19,945 |
| Other Income | 12,453 |
| Total Employee Compensation & Benefits | 110,272 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 63,833 |
| Non-operating Income & (Expense) | 90 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 47,158 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 47,038 |
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