Levo Credit Union is headquartered in Sioux Falls and is the 3rd largest credit union in the state of South Dakota. It is also the 763rd largest credit union in the nation. It was established in 1934 and as of June of 2023, it had grown to 112 employees and 33,012 members at 5 locations. Levo Credit Union has a B health rating.
Field of Membership Restrictions
Levo Credit Union is open to anyone who lives, works, worships, or attends school in the South Dakota counties of Lincoln, McCook, Minnehaha, or Turner.
See current membership details
Petty Issues, No Value For Their Customers
I have a loan with them and I sent the monthly payment of 175.50. I got a late charge for $10.10 days later. I have never missed a payment. I checked and the check had cleared the bank. When I called them, I was told by the customer service rep that the payment was supposed to be 175.60, I had been ten cents short. She asked if I wanted to drive across town to make the payment of ten cents and then she would remove the $10 charge! DON"T GO TO THEM FOR A LOAN. How sad, I asked if she wanted my credit card to charge the .10 on, she did not want to do that though.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60 |
| Year Chartered | 1934 |
| Employees | 112 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 6.44% |
| Annual Interest Income | $8.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $452.4MM$439.9MM |
| Loans | Q2 2023vs Q2 2022 | $271.5MM$214.7MM |
| Deposits | Q2 2023vs Q2 2022 | $391.4MM$399.5MM |
| Equity Capital | Q2 2023vs Q2 2022 | $34.1MM$34.3MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.6MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $2.0MM$2.0MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |