Dakotaland Federal Credit Union is headquartered in Huron and is the 2nd largest credit union in the state of South Dakota. It is also the 718th largest credit union in the nation. It was established in 1935 and as of June of 2020, it had grown to 150 employees and 32,447 members at 12 locations. Dakotaland Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Dakotaland Federal Credit Union is open to those who live, work, worship or attend school in the South Dakota counties of Aurora, Beadle, Brookings, Brown, Brule, Buffalo, Clark, Codington, Davison, Day, Deuel, Faulk, Grant, Hamlin, Hand, Hanson, Hyde, Hughes, Jerauld, Kingsbury, Lake, McCook, Miner, Moody, Sanborn, Spink, or Sully.
See current membership details
Local Credit Union is Top of the Line!!
Dakotaland Federal Credit Union goes above and beyond any other financial institution that I have ever dealt with. Each and every time I call or stop in, I am greeted with a smile and a helpful hand. I use DLFC for all of my banking needs. Checking, savings, mortgage, auto loans, and personal loans. They always help with every step in anything I need to do. And are always available when I need them. My banker is always available and knows all of my accounts as if they were her own. The online banking system is very user friendly and easy to use. Transfering money between accounts and making loan payments is simple and painless. I've never had a bad experience ever!!!
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 167 |
| Year Chartered | 1935 |
| Employees | 150 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 6.24% |
| Annual Interest Income | $7.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $413.0MM$356.8MM |
| Loans | Q2 2020vs Q2 2019 | $263.9MM$252.3MM |
| Deposits | Q2 2020vs Q2 2019 | $358.1MM$302.3MM |
| Equity Capital | Q2 2020vs Q2 2019 | $41.8MM$38.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.7MM$1.4MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $757.00K$2.0MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $196.00K$165.00K |
