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 13th largest credit union in the state of South Dakota. It is also the 2,270th largest credit union in the nation. It was established in 1957 and as of June of 2020, it had grown to 19 employees and 4,799 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+
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 - YTD-0.12%
Return on Equity - YTD-1.36%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$59.0MM$56.2MM
LoansQ2 2020vs Q2 2019$45.6MM$49.0MM
DepositsQ2 2020vs Q2 2019$53.3MM$46.2MM
Equity CapitalQ2 2020vs Q2 2019$5.0MM$5.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$495.00K$495.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$152.00K$2.9MM
Real Estate OwnedQ2 2020vs Q2 2019$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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