Dakota Plains Federal Credit Union


Overview / Commentary
605-374-3380
519 Main Ave
Lemmon, SD 57638

Dakota Plains Federal Credit Union is headquartered in Lemmon and is the 13th largest credit union in the state of South Dakota. It is also the 2,161st largest credit union in the nation. It was established in 1957 and as of December of 2021, it had grown to 19 employees and 4,775 members at 5 locations. Dakota Plains Federal Credit Union has a B health rating.

Field of Membership Restrictions

Dakota Plains Federal Credit Union is open to those who live, work, worship, or attend school in the South Dakota counties of Hughes, Buffalo, Hyde, Lyman, Stanley, or Sully; or the under-served areas of Butte, Corson, Dewey, Haakon, Harding, Jones, Meade, Perkins, or Ziebach Counties in South Dakota; or the under-served areas of Adams, Bowman, Grant, Hettinger or Sioux Counties in North Dakota.
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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Dakota Plains Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #11526
Year Chartered1957
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD8.71%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$72.2MM$65.4MM
LoansQ4 2021vs Q4 2020$39.3MM$41.1MM
DepositsQ4 2021vs Q4 2020$66.0MM$58.9MM
Equity CapitalQ4 2021vs Q4 2020$5.4MM$4.9MM
Loan Loss AllowanceQ4 2021vs Q4 2020$499.00K$461.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$927.00K$945.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Dakota Plains Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%--IRA Shares Account
0.05%*$2.5k*-Regular Shares Account
OTHER TIERS: 0.02% $101 - $2.5k

Dakota Plains Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$2.5k-Share Drafts Checking Account

Dakota Plains Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$100-3 Year Share Certificate
0.75%$100-4 Year Share Certificate
0.75%$100-5 Year Share Certificate
0.60%$100-2 Year Share Certificate
0.40%$250-1 Year Share Certificate
0.25%$250-6 Month Share Certificate
0.10%$250-3 Month Share Certificate

Dakota Plains Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$100-3 Year IRA Certificate
0.75%$100-4 Year IRA Certificate
0.75%$100-5 Year IRA Certificate
0.60%$100-2 Year IRA Certificate
0.40%$100-1 Year IRA Certificate
0.25%$250-6 Month IRA Certificate
0.10%$250-3 Month IRA Certificate
Locations


Dakota Plains Federal Credit Union Locations
Branch Office221 S Main StHettinger, ND 58639-7034
Branch Office120 W Main StBISON, SD 57620-0220
Branch Office107 Main StFaith, SD 57626-6012
Branch Office1525 N. Garfield Ave.Pierre, SD 57501
Branch Office519 Main AveLemmon, SD 57638-1421

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