Sioux Falls Federal Credit Union


Overview / Commentary
605-334-2471
1741 S Cleveland Ave
Sioux Falls, SD 57103

Sioux Falls Federal Credit Union is headquartered in Sioux Falls and is the 3rd largest credit union in the state of South Dakota. It is also the 807th largest credit union in the nation. It was established in 1934 and as of June of 2020, it had grown to 106 employees and 30,658 members at 5 locations. Sioux Falls Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Sioux Falls Federal Credit Union is open to anyone who lives, works, worships, or attends school in the South Dakota counties of Minnehaha, Lincoln, McCook or Turner, and to immediate family of existing members.
See current membership details

Reviews (1)

Petty Issues, No Value For Their Customers

Posted by: |

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.



Health

Health Grade Components

Overall
NCUA #60
Year Chartered1934
Employees106
Primary Regulator
Profit Margin
Return on Assets - YTD1.4%
Return on Equity - YTD14.66%
Annual Interest Income$5.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$347.6MM$297.7MM
LoansQ2 2020vs Q2 2019$168.2MM$176.4MM
DepositsQ2 2020vs Q2 2019$309.3MM$261.1MM
Equity CapitalQ2 2020vs Q2 2019$31.6MM$30.8MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.6MM$1.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.7MM$1.1MM
Real Estate OwnedQ2 2020vs Q2 2019$260.00K$0
Rates

Rates for Sioux Falls Federal Credit Union are currently being reviewed.

Locations


Sioux Falls Federal Credit Union Locations
Branch Office700 E 14th StSioux Falls, SD 57104-5144
Branch Office2517 S Louise AveSioux Falls, SD 57106-4325
Branch Office5700 E Arrowhead PlSioux Falls, SD 57110-7008
Branch Office3405 S Cliff AveSioux Falls, SD 57105
Branch Office1701 N Minnesota AveSioux Falls, SD 57104-0306

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