Dec, 31, 2023 — SIOUX FALLS FEDERAL CREDIT UNION is a federal credit union headquartered in Sioux Falls, SD with 6 branch locations and about $458.28 million in total assets. Opened 90 years ago in 1934, SIOUX FALLS FEDERAL CREDIT UNION has about 33,832 members and employs 135 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SIOUX FALLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1741 S Cleveland Ave Sioux Falls, SD 57103 |
| Phone: | (605) 334-2471 |
| Fax: | |
| Website: | https://www.levo.org |
| Branches: | 6 branch locations |
| Members: | 33,832 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 60 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $458,283,005 |
| CEO/Manager: | Fran Sommerfeld |
| Chairperson: | Shantel Jennings |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,777,208 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 121,131,214 |
| Unsecured Loans | 25,040,659 |
| Other Loans | 137,763,176 |
| TOTAL LOANS | 283,935,049 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,492,550 |
| Land And Building | 12,969,309 |
| Other Fixed Assets | 615,736 |
| NCUSIF Deposit | 3,704,463 |
| All Other Assets | 427,100 |
| TOTAL ASSETS | 458,283,005 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 278,502 |
| Notes & Interest Payable | 20,622,800 |
| Accounts Payable & Other Liabilities | 9,239,719 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 100,581,174 |
| Regular shares | 99,998,539 |
| All Other Shares & Deposits | 190,495,898 |
| TOTAL SHARES & DEPOSITS | 391,075,611 |
| TOTAL LIABILITIES | 421,216,632 |
| Regular Reserve | 0 |
| Other Reserves | -10,439,660 |
| Undivided Earnings | 47,506,033 |
| TOTAL EQUITY | 37,066,373 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 458,283,005 |
| INCOME & EXPENSE | |
| Loan Income | 15,720,727 |
| Investment Income | 2,557,749 |
| Other Income | 1,910,570 |
| Total Employee Compensation & Benefits | 9,261,500 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,761,322 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 712,144 |
| Cost of Funds | 4,221,657 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,463,513 |
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