Dakota Plains Federal Credit Union

Overview / Commentary

605-374-3380

519 Main Ave
Lemmon, SD 57638-1421

Dakota Plains Federal Credit Union is headquartered in Lemmon and is the 13^th largest credit union in the state of South Dakota. It is also the 2,222^nd 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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Health

C-

Data as of Q3 2019

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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

Overall
NCUA #	11526
Year Chartered	1957
Employees	18
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.17%
Return on Equity - YTD	-1.93%
Annual Interest Income	$1.9MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$56.0MM$57.9MM
Loans	Q3 2019vs Q3 2018	$48.5MM$49.0MM
Deposits	Q3 2019vs Q3 2018	$46.7MM$47.8MM
Equity Capital	Q3 2019vs Q3 2018	$5.0MM$4.9MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$500.00K$370.00K
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$2.0MM$49.00K
Real Estate Owned	Q3 2019vs Q3 2018	$0$0

Rates

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Savings
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Dakota Plains Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$2.5k^*	-	Share Drafts Checking Account
OTHER TIERS: 0.11% → Up to $2.5k

Dakota Plains Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Dakota Plains Federal Credit Union Locations
Branch Office	221 S Main St	Hettinger, ND 58639-7034
Branch Office	PO Box 220 120 Main St	BISON, SD 57620-0220
Branch Office	PO Box 549 107 Main	FAITH, SD 57626-0549
Branch Office	120 W Sioux Ave	Pierre, SD 57501-2425
Branch Office	519 Main Ave	Lemmon, SD 57638-1421

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