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Dakota Plains Federal Credit Union


Overview / Commentary
dakotaplainsfcu.com
605-374-3380
519 Main Ave
Lemmon, SD 57638

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 2,149th largest credit union in the nation. It was established in 1957 and as of September of 2022, it had grown to 19 employees and 4,705 members at 5 locations. Dakota Plains Federal Credit Union's savings rates are 96% higher than the national average, and 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 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.
See current membership details

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Health
C+

Data as of Q3 2022

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
Employees19
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD5.2%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$73.6MM$69.1MM
LoansQ3 2022vs Q3 2021$44.7MM$41.6MM
DepositsQ3 2022vs Q3 2021$66.9MM$62.5MM
Equity CapitalQ3 2022vs Q3 2021$5.6MM$5.4MM
Loan Loss AllowanceQ3 2022vs Q3 2021$0$507.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$755.00K$534.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%--IRA Shares Account
1.02%*-$2.5kPee Wee Penguin Account
OTHER TIERS: 0.05% → $2.5k+
1.02%*-$2.5kTeen Saver Share
OTHER TIERS: 0.05% → $2.5k+
0.05%*$2.5k*-Regular Shares Account
OTHER TIERS: 0.02% → $101 - $2.5k

Dakota Plains Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Money Market
OTHER TIERS: 0.05% → $1k - $5k | 0.10% → $5k - $25k

Dakota Plains Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$2.5k-Share Drafts Checking Account

Dakota Plains Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$100-2 Year Share Certificate
0.20%$100-3 Year Share Certificate
0.20%$100-4 Year Share Certificate
0.20%$100-5 Year Share Certificate
0.15%$250-1 Year Share Certificate
0.10%$250-6 Month Share Certificate
0.05%$250-3 Month Share Certificate

Dakota Plains Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$100-2 Year IRA Certificate
0.20%$100-3 Year IRA Certificate
0.20%$100-4 Year IRA Certificate
0.20%$100-5 Year IRA Certificate
0.15%$100-1 Year IRA Certificate
0.10%$250-6 Month IRA Certificate
0.05%$250-3 Month IRA Certificate
Locations


Dakota Plains Federal Credit Union Locations
Branch Office221 S Main StHettinger, ND 58639-7034
Branch Office120 W Main StBISON, SD 57620-0220
Branch Office107 Main StFaith, SD 57626-6012
Branch Office1525 N. Garfield Ave.Pierre, SD 57501
Branch Office519 Main AveLemmon, SD 57638-1421

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