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Simply Service Federal Credit Union

Popular Accounts at this Credit Union

0.30%1-year CD12 Month CD
0.08%SavingsCentury Account
0.50%3-year CD36 Month CD

Overview / Commentary
1842 5th Ave
Belle Fourche, SD 57717

Simply Service Federal Credit Union is headquartered in Belle Fourche and is the 28th largest credit union in the state of South Dakota. It is also the 3,752nd largest credit union in the nation. It was established in 1953 and as of March of 2017, it had grown to 6 employees and 2,465 members at 2 locations. Simply Service Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Lawrence, Butte and Meade Counties in South Dakota.
See current membership details


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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. Simply Service Federal Credit Union has a low asset base.

Health Grade Components

NCUA #8866
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD3.24%
Annual Interest Income$97.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$15.3MM$15.2MM
LoansQ1 2017vs Q1 2016$6.1MM$6.2MM
DepositsQ1 2017vs Q1 2016$13.2MM$13.1MM
Equity CapitalQ1 2017vs Q1 2016$2.1MM$2.1MM
Loan Loss AllowanceQ1 2017vs Q1 2016$16.00K$48.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$19.00K$105.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
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Simply Service Federal Credit Union Savings Account Rates

1.00%--Peewee Penguin Club
0.55%$25-IRA Share
0.15%*$25k*-Club Account
OTHER TIERS: 0.05% $100 - $10k | 0.10% $10k - $25k
0.15%*$25k*-Share Account
OTHER TIERS: 0.05% $100 - $10k | 0.10% $10k - $25k
0.10%--Holiday Club
0.08%$2k-Century Account

Simply Service Federal Credit Union CD Rates

0.50%$1k-36 Month CD
0.50%$100-36 Month Student CD
0.40%$1k-24 Month CD
0.40%$100-24 Month Student CD
0.30%$500-12 Month CD
0.30%$100-12 Month Student CD
0.20%$500-6 Month CD
0.20%$100-6 Month Student CD

Simply Service Federal Credit Union Locations
Branch Office1111 Lazelle StSturgis, SD 57785
Branch Office1842 5th AveBelle Fourche, SD 57717