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Dakota Plains Federal Credit Union


Overview / Commentary
dakotaplainsfcu.com
605-374-3380
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 2,246th largest credit union in the nation. It was established in 1957 and as of December of 2019, it had grown to 21 employees and 4,810 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
B+

Data as of Q4 2019

Learn why bank health matters
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
Employees21
Primary Regulator
Profit Margin
Return on Assets - YTD-0.03%
Return on Equity - YTD-0.36%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$54.6MM$56.5MM
LoansQ4 2019vs Q4 2018$46.2MM$47.1MM
DepositsQ4 2019vs Q4 2018$48.8MM$48.8MM
Equity CapitalQ4 2019vs Q4 2018$5.0MM$5.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$503.00K$347.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$141.00K$0
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

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Locations


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 Office1525 N. Garfield Ave.Pierre, SD 57501
Branch Office519 Main AveLemmon, SD 57638-1421

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