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 2,270^th 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+

Data as of Q2 2020

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 Chartered	1957
Employees	19
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.12%
Return on Equity - YTD	-1.36%
Annual Interest Income	$1.2MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$59.0MM$56.2MM
Loans	Q2 2020vs Q2 2019	$45.6MM$49.0MM
Deposits	Q2 2020vs Q2 2019	$53.3MM$46.2MM
Equity Capital	Q2 2020vs Q2 2019	$5.0MM$5.0MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$495.00K$495.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$152.00K$2.9MM
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

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	1525 N. Garfield Ave.	Pierre, SD 57501
Branch Office	519 Main Ave	Lemmon, SD 57638-1421

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