Dakota Plains Federal Credit Union

Overview / Commentary
519 Main Ave
Lemmon, SD 57638-1421

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 2,222nd largest credit union in the nation. It was established in 1957 and as of September of 2019, it had grown to 18 employees and 4,822 members at 5 locations. Dakota Plains Federal Credit Union's CD rates are 73% higher than the national average, but it has a C- health rating.

Field of Membership Restrictions

Dakota Plains Federal Credit Union is open to those who live, work, worship or attend school in Hughes, Buffalo, Hyde, Lyman, Stanley or Sully County or the under-served areas of Butte, Corson, Dewey, Haakon, Harding, Jones, Meade, Perkins or Ziebach counties in South Dakota or Adams, Bowman, Grant, Hettinger or Sioux counties in North Dakota.
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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

NCUA #11526
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD-0.17%
Return on Equity - YTD-1.93%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$56.0MM$57.9MM
LoansQ3 2019vs Q3 2018$48.5MM$49.0MM
DepositsQ3 2019vs Q3 2018$46.7MM$47.8MM
Equity CapitalQ3 2019vs Q3 2018$5.0MM$4.9MM
Loan Loss AllowanceQ3 2019vs Q3 2018$500.00K$370.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$2.0MM$49.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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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

1.05%--IRA Shares Account
0.10%*$2.5k*-Regular Shares Account
OTHER TIERS: 0.04% $101 - $2.5k

Dakota Plains Federal Credit Union Checking Account Rates

0.15%*$2.5k*-Share Drafts Checking Account
OTHER TIERS: 0.11% Up to $2.5k

Dakota Plains Federal Credit Union CD Rates

2.32%$100-5 Year Share Certificate
2.07%$100-4 Year Share Certificate
1.97%$100-3 Year Share Certificate
1.86%$100-2 Year Share Certificate
1.56%$100-1 Year Share Certificate
0.95%$250-6 Month Share Certificate
0.60%$250-3 Month Share Certificate

Dakota Plains Federal Credit Union IRA Rates

2.32%$100-5 Year IRA Certificate
2.07%$100-4 Year IRA Certificate
1.97%$100-3 Year IRA Certificate
1.86%$100-2 Year IRA Certificate
1.56%$100-1 Year IRA Certificate
0.95%$250-6 Month IRA Certificate
0.60%$250-3 Month IRA Certificate

Dakota Plains Federal Credit Union Locations
Branch Office221 S Main StHettinger, ND 58639-7034
Branch OfficePO Box 220 120 Main StBISON, SD 57620-0220
Branch OfficePO Box 549 107 MainFAITH, SD 57626-0549
Branch Office120 W Sioux AvePierre, SD 57501-2425
Branch Office519 Main AveLemmon, SD 57638-1421

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