Dec, 31, 2023 — SISSETON-WAHPETON FEDERAL CREDIT UNION is a federal credit union headquartered in AGENCY VILLAGE, SD with 1 branch location and about $5.61 million in total assets. Opened 45 years ago in 1979, SISSETON-WAHPETON FEDERAL CREDIT UNION has about 1,374 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SISSETON-WAHPETON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 45665 Veterans Memorial Dr AGENCY VILLAGE, SD 57262 |
| Phone: | (605) 698-3462 |
| Fax: | (605) 698-3907 |
| Website: | https://www.sisseton-wahpetonfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,374 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23309 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,606,726 |
| CEO/Manager: | Stephanie Sievers |
| Chairperson: | Shaun Eastman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,543,607 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 827,076 |
| Other Loans | 2,211,169 |
| TOTAL LOANS | 3,038,245 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,160 |
| Land And Building | 0 |
| Other Fixed Assets | 30,999 |
| NCUSIF Deposit | 31,151 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,606,726 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,931 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 623,010 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,000,000 |
| Share Drafts | 90,645 |
| Regular shares | 1,457,029 |
| All Other Shares & Deposits | 1,060,405 |
| TOTAL SHARES & DEPOSITS | 2,608,079 |
| TOTAL LIABILITIES | 4,234,020 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,372,706 |
| TOTAL EQUITY | 1,372,706 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,606,726 |
| INCOME & EXPENSE | |
| Loan Income | 402,643 |
| Investment Income | 18,376 |
| Other Income | 97,925 |
| Total Employee Compensation & Benefits | 125,970 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 369,882 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,381 |
| Cost of Funds | 20,546 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,430 |
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