Voyage Federal Credit Union is headquartered in Sioux Falls and is the 9th largest credit union in the state of South Dakota. It is also the 1,823rd largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 27 employees and 10,124 members. Voyage Federal Credit Union's savings rates are 2X the national average, and it has a A health rating.
Voyage Federal Credit Union membership is open to anyone who lives, works, worships, or attends school, and businesses and other legal entities located within the counties of Minnehaha or Lincoln Counties, South Dakota. This membership also includes immediate family members or households or organizations of such persons of an existing member of Voyage Federal Credit Union. - See Details
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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 Voyage Federal Credit Union had $84,000 in non-current loans and owned real-estate with $7.85 million in equity and loan loss allowances on hand to cover it. This gives Voyage Federal Credit Union a Texas Ratio of 1.07% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Voyage Federal Credit Union decreased dramatically from 9.16% as of March 31, 2013 to 1.07% as of March 31, 2014, resulting in a positive change of 88.32%.This indicates that the balance sheet and financial strength for Voyage Federal Credit Union has improved dramatically in recent periods.
In the past year, Voyage Federal Credit Union has increased its total deposits by $3.19 million, resulting in 4.9% 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 Voyage Federal 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. Voyage Federal Credit Union has $75.49 million in assets with $7.85 million in equity, resulting in a capitalization level of 10.40%, which is above average.
|Assets and Liabilities|
|Equity Capital||$7.41 million|
|Loan Loss Allowance||$439,000|
|Unbacked Noncurrent Loans||$84,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$7.04 million|
|Loan Loss Allowance||$431,000|
|Unbacked Noncurrent Loans||$84,000|
|Real Estate Owned||$40,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.11%|
|Return on Assets||0.37%|
|Return on Equity||3.72%|
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|1.26%||$200k||-||Traditional IRA Share|
|1.26%||$200k||-||Roth IRA Shares|
|1.31%||$10k||-||60 Months Share Certificate|
|1.11%||$10k||-||48 Months Share Certificate|
|0.80%||$10k||-||36 Months Share Certificate|
|0.65%||$10k||-||24 Months Share Certificate|
|0.50%||$10k||-||18 Months Share Certificate|
|0.45%||$10k||-||12 Months Share Certificate|
|0.25%||$10k||-||6 Months Share Certificate|
|0.20%||$10k||-||3 Months Share Certificate|
|1.31%||$10k||-||60 Months IRA Share Certificate|
|1.11%||$10k||-||48 Months IRA Share Certificate|
|0.80%||$10k||-||36 Months IRA Share Certificate|
|0.65%||$10k||-||24 Months IRA Share Certificate|
|0.50%||$10k||-||18 Months IRA Share Certificate|
|0.45%||$10k||-||12 Months IRA Share Certificate|
|Voyage Federal Credit Union Locations|
|Branch Office||1325 S Cliff Ave Rm 1520||Sioux Falls, SD 57105-1007|
|Branch Office||3823 S Kiwanis Cir||Sioux Falls, SD 57105|
|Branch Office||4409 E 26th St||Sioux Falls, SD 57103|
|Branch Office||124 S Kiwanis Ave||Sioux Falls, SD 57104|