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 808th largest credit union in the nation. It was established in 1934 and as of September of 2020, it had grown to 107 employees and 31,061 members at 5 locations. Sioux Falls Federal Credit Union has an A health rating.
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
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.
Overall | |
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NCUA # | 60 |
Year Chartered | 1934 |
Employees | 107 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 1.41% |
Return on Equity - YTD | 14.98% |
Annual Interest Income | $8.6MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $352.6MM$301.4MM |
Loans | Q3 2020vs Q3 2019 | $171.7MM$179.9MM |
Deposits | Q3 2020vs Q3 2019 | $311.6MM$263.9MM |
Equity Capital | Q3 2020vs Q3 2019 | $32.9MM$32.2MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $1.5MM$1.2MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.7MM$1.2MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Sioux Falls Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.07%* | $50k* | - | Business Checking | ||
OTHER TIERS: 0.05% → $2k - $50k | |||||
0.02% | $2k | - | Consumer Checking |
Sioux Falls Federal Credit Union Locations | ||
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Branch Office | 700 E 14th St | Sioux Falls, SD 57104-5144 |
Branch Office | 2517 S Louise Ave | Sioux Falls, SD 57106-4325 |
Branch Office | 5700 E Arrowhead Pl | Sioux Falls, SD 57110-7008 |
Branch Office | 3405 S Cliff Ave | Sioux Falls, SD 57105 |
Branch Office | 1701 N Minnesota Ave | Sioux Falls, SD 57104-0306 |