Overview / Commentary
Lakota is headquartered in Kyle and is the 33rd largest credit union in the state of South Dakota. It is also the 4,310th largest credit union in the nation. It was established in 2012 and as of June of 2020, it had grown to 6 employees and 2,907 members at 1 location. Lakota has a B health rating.
Field of Membership Restrictions
Membership in Lakota Federal Credit Union is open to those who live, work, attend school, volunteer or worship on the Pine Ridge Reservation.
See current membership details
Health
B
Data as of Q2 2020
Learn why bank health mattersAdditional 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. Lakota has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24847 |
| Year Chartered | 2012 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.18% |
| Return on Equity - YTD | 11.95% |
| Annual Interest Income | $118.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $6.8MM$5.6MM |
| Loans | Q2 2020vs Q2 2019 | $2.4MM$2.3MM |
| Deposits | Q2 2020vs Q2 2019 | $4.9MM$3.5MM |
| Equity Capital | Q2 2020vs Q2 2019 | $1.2MM$814.00K |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $339.00K$110.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $17.00K$61.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |