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Overview / Commentary
700 E 14th St
Sioux Falls, SD 57104-5144

Sioux Falls Credit Union is headquartered in Sioux Falls and is the 3rd largest credit union in the state of South Dakota. It is also the 884th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 76 employees and 26,328 members. Sioux Falls Credit Union has a A+ health rating.

Field of Membership Restrictions

Anyone who lives, works, worships or attends school in the following South Dakota counties: Minnehaha, Lincoln, McCook or Turner. - See Details

Reviews (1)

Petty Issues, No Value For Their Customers

I have a loan with them and I sent the monthly payment of 175.50.  I got a late charge for $10.10 days later.  I have never missed a payment.  I checked and the check had cleared the bank.  When I called them, I was told by the customer service rep that the payment was supposed to be 175.60,  I had been ten cents short.  She asked if I wanted to drive across town to make the payment of ten cents and then she would remove the $10 charge!  DON"T GO TO THEM FOR A LOAN.  How sad, I asked if she wanted my credit card to charge the .10 on, she did not want to do that though.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Sioux Falls Credit Union had $482,000 in non-current loans and owned real-estate with $21.82 million in equity and loan loss allowances on hand to cover it. This gives Sioux Falls Credit Union a Texas Ratio of 2.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Sioux Falls Credit Union decreased dramatically from 4.23% as of March 31, 2013 to 2.21% as of March 31, 2014, resulting in a positive change of 47.82%.This indicates that the balance sheet and financial strength for Sioux Falls Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Sioux Falls Credit Union has increased its total deposits by $6.96 million, resulting in 3.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sioux Falls Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sioux Falls Credit Union has $216.58 million in assets with $21.82 million in equity, resulting in a capitalization level of 10.08%, which is above average.

Institution Statistics

NCUA #60
Year Chartered1934
Primary Regulator
Assets and Liabilities
Assets$216.58 million
Loans$102.81 million
Deposits$193.50 million
Equity Capital$20.93 million
Loan Loss Allowance$890,000
Unbacked Noncurrent Loans$482,000
Real Estate Owned$0
Historic Data - March 2013
Assets$207.63 million
Equity Capital$18.72 million
Loan Loss Allowance$1.15 million
Unbacked Noncurrent Loans$482,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.5%
Return on Equity5.22%
Interest Income$1.52 million

Always verify rates and promotions with the bank or credit union. We are not Sioux Falls Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Sioux Falls Credit Union Savings Account Rates

0.20%$100k-IRA Share Savings Account
0.20%$100k-Roth IRA Share Savings Account
0.10%$50-Regular Savings Account
0.10%$50-Special Savings Account
0.10%$50-Christmas Club Account
0.10%$2,500-Health Savings Account

Sioux Falls Credit Union Money Market Rates

0.20%$100k-Super Share Money Market

Sioux Falls Credit Union Checking Account Rates

0.15%$100k-Business Checking
0.05%$2k-Consumer Checking

Sioux Falls Credit Union CD Rates

1.30%$500-5 Year Share Certificate
1.10%$500-4 Year Share Certificate
1.00%$500-3 Year Share Certificate
0.50%$500-2 Year Share Certificate
0.40%$500-18 Month Share Certificate
0.35%$10k-1 Year Jumbo Share Certificate
0.25%$500-1 Year Share Certificate
0.20%$2,500-6 Month Share Certificate
0.15%$2,500-3 Month Share Certificate

Sioux Falls Credit Union IRA Rates

1.30%$500-5 Year IRA Share Certificate
1.10%$500-4 Year IRA Share Certificate
1.00%$500-3 Year IRA Share Certificate
0.50%$500-2 Year IRA Share Certificate
0.40%$500-18 Month IRA Share Certificate
0.35%$10k-1 Year Jumbo IRA Share Certificate
0.25%$500-1 Year IRA Share Certificate
0.20%$2,500-6 Month IRA Share Certificate
0.15%$2,500-3 Month IRA Share Certificate

Sioux Falls Credit Union Locations
Branch Office700 E 14th StSioux Falls, SD 57104-5144
Branch Office2517 S Louise AveSioux Falls, SD 57106-4325
Branch Office5700 E Arrowhead PlSioux Falls, SD 57110-7008
Branch Office3405 S Cliff AveSioux Falls, SD 57105
Branch Office1701 N Minnesota AveSioux Falls, SD 57104-0306