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Rates
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Rates


The rates listed below are effective as of January 1, 2015

Click Here to download a printable version.


Share Savings Accounts
Regular Share Savings $50.00 & Above Compounded Monthly 0.10% APY*
Christmas Club Account $50.00 & Above Compounded Monthly 0.10% APY*

*APY=Annual Percentage Yield; Rates Are Subject To Change Without Notice.


Checking Accounts
$2,500.00-$9,999.00 Compounded Monthly .05% APY*

*APY=Annual Percentage Yield; Rates Are Subject To Change Without Notice.


IRA Accounts
$50 - $2,500 Compounded Monthly .25/.25% APY*
$2,500 plus Compounded Monthly .75/.75% APY*
$10,000 plus Compounded Monthly 1.25/1.25% APY*

*APY=Annual Percentage Yield; Rates Are Subject To Change Without Notice.


Share Certificate Accounts & IRA Certificate Accounts
6 Month Term Quarterly Compounding .40/.40% APY*
12 Month Term Quarterly Compounding .80/.80% APY*
18 Month Term Quarterly Compounding .80/.80% APY*
24 Month Term Quarterly Compounding .80/.80% APY*
36 Month Term Quarterly Compounding 1.10/1.10% APY*
48 Month Term Quarterly Compounding 1.25/1.25% APY*
60 Month Term Quarterly Compounding 1.50/1.50% APY*

*APY=Annual Percentage Yield. Rates Are Subject To Change Without Notice. Minimum of $500.


Share Certificate & IRA Certificate Accounts Specials
29 Month Special Compounded Quarterly .10/.10% APY*
42 Month Special Compounded Quarterly .60/.60% APY*
Earn up to an additional 1.00 APY on the Certificate Specials. Ask for Details on how you can earn this.**

*APY=Annual Percentage Yield; Rates Are Subject To Change Without Notice. Early withdrawal penalties apply. Minimum balance required for a share certificate account is $500.00. Minimum balance required for a share certificate account for Kids & Teens (Ages 0-18) is $100.00

**For each relationship you have with us, you will receive a .25% discount up to a 1.0% maximum.
Must have monthly or more frequent payments to qualify.


Investor's Choice Accounts
$500.00-$9,999.00 Monthly Compounding .10%APY*
$10,000.00-$24,999.00 Monthly Compounding .15%APY*
$25,000.00-$49,000.00 Monthly Compounding .20%APY*
$50,000.00-$99,000.00 Monthly Compounding .25%APY*
$100,000 & Above Monthly Compounding .25%APY*

*APY=Annual Percentage Yield; Rates Are Subject To Change Without Notice. Minimum balance required for an Investor's Choice Account is $10,000.00.


Loans

Dakotaland Federal Credit Union offers a tiered-pricing program. This allows as many members as possible to obtain financing. Your individual rate will be determined by type and/or age of your collateral offered, length of the loan, and your credit history.

New and Used Auto Rates as low as 1.9%*** and 2.9% APR* are available.**

*Annual Percentage Rate

**For each relationship you have with us, you will receive a .25% discount up to a 1.0% maximum.
Must have monthly or more frequent payments to qualify.

***2010 and newer vehicles only. The 1.9% APR rate requires auto-pay and applies to new money loans only. No discounts are applicable with the 1.9% APR.


See loan officer for details.

Auto Loan Rates
Model Year 2015 - 2009 Dakota Platinum Dakota Gold Dakota Silver Dakota Bronze
24 Months*** 1.90% APR* 1.90% APR* N/A N/A
36 Months 3.90% APR* 3.90% APR* 4.90% APR* 6.90% APR*
48 Months 3.90% APR* 3.90% APR* 4.90% APR* 7.90% APR*
60 Months 3.90% APR* 3.90% APR* 5.90% APR* 8.90% APR*
66 Months(12-15 only)** 3.90% APR* 4.90% APR* n/a n/a
72 Months(12-15 only)** 4.90% APR* 4.90% APR* n/a n/a

*APR=Annual Percentage Rate. Other terms are available. Rates Are Subject To Change Without Notice.

**66 & 72 Months: Purchase Only

***2010 and newer vehicles only. The 1.9% APR rate requires auto-pay and applies to new money loans only. No discounts are applicable with the 1.9% APR.

Model Year 2008 & Older Dakota Platinum Dakota Gold Dakota Silver Dakota Bronze
36 Months 5.90% APR* 6.90% APR* 7.90% APR* 10.90% APR*
48 Months 5.90% APR* 6.90% APR* 7.90% APR* 10.90% APR*

*APR=Annual Percentage Rate. Other terms are available. Rates Are Subject To Change Without Notice.

Recreational Vehicle Rates
Recreational Loans Dakota Platinum Dakota Gold Dakota Silver Dakota Bronze
24 Months** 1.90% APR* 1.90% APR* N/A N/A
24 Months 4.90%APR* 5.90%APR* 6.90%APR* 8.90%APR*
36 Months 4.90%APR* 5.90%APR* 6.90%APR* 8.90%APR*
48 Months 4.90%APR* 5.90%APR* 6.90%APR* 8.90%APR*
60 Months 4.90%APR* 5.90%APR* 6.90%APR* 8.90%APR*
72 Months (over $25,000) 5.90% APR* 6.90% APR* 7.90% APR* n/a

*APR=Annual Percentage Rate. Other terms are available. Rates Are Subject To Change Without Notice.

**2010 and newer vehicles only. The 1.9% APR rate requires auto-pay and applies to new money loans of $3,000 or higher. No discounts are applicable with the 1.9% APR.

Life Event Loan Rates

Life Event Loans Dakota Platinum Dakota Gold Dakota Silver Dakota Bronze
12 Months 7.90%APR* 7.90%APR* 9.90%APR* 14.90%APR*
24 Months 8.90%APR* 8.90%APR* 10.90%APR* 14.90%APR*
36 Months 8.90%APR* 9.90%APR* 11.90%APR* 14.90%APR*

*APR=Annual Percentage Rate. Other terms are available. Rates Are Subject To Change Without Notice.


Certificate Or Share Secured Loan Rates
Certificate/Share Secured Loan Term Loan Rate
Certificate Secured Certificate Term 2.00% Above Certificate Rate
Investor's Choice Secured 60 Months 4.00%APR*
Share Secured 60 Months 3.00%APR*

*APR=Annual Percentage Rate. Other terms are available. Rates Are Subject To Change Without Notice.


VISA Credit Card
Dakota Platinum Dakota Gold Dakota Silver Dakota Bronze
9.9%APR* 11.9%APR* 13.9%APR* 17.9%APR*

Share Secured VISA 9.9%APR*

*APR=Annual Percentage Rate. Other terms are available. Rates Are Subject To Change Without Notice.


Overdraft Protection
Overdraft Protection 13.00%APR*

*APR=Annual Percentage Rate. Other terms are available. Rates Are Subject To Change Without Notice.


Fee Schedule


The fees listed below are effective as of February 1, 2015

All fees are subject to change. Call or stop in for more details.


Click Here to download a printable version.


Share Savings Account Fees
Membership Application None
Monthly Service Charge None
Savings Transfer To Cover Overdraft $2.00
Savings Transfer Charge

(Federal Regulation D permits a total of six transfers from each savings account by preauthorization, automatic, or telephone. For more information, refer to your Truth-In-Savings Disclosure)

$1.00
Continuous Overdraft Fee

(Starting on the 8th day of negative balance)

$3.00
Early Account Closing within 90 Days

(Share Savings Only)

$5.00
Early Account Closing & Immediate Reopen within 90 Days

(Share Savings Only)

$15.00
Early Account Closing & Immediate Reopen within 90 Days

(with ATM,Checkcard, Visa, IRA)

$15.00
Early Account Closing With Loan $15.00

per account

$25.00

per loan

Early Account Closing (Closing Within 6 Months Of Open Date) $15.00
Dormant/Inactive Account Fee

(No activity for 18 months, balance under $100, no other services being used, children & teen accounts are not applicable to fee)

$5.00 Per Month

Checking Account Fees
Monthly Fee None
Overdraft

(per item-check, Checkcard, or ACH debit)

$25.00
Continuous Overdraft Fee

(Starting on the 8th day of negative balance)

$3.00
Returned Check

(per item, check or ACH)

$25.00
Savings Transfer To Cover Overdraft $2.00
Stop Payment Order

(per order - Check, EFT or ACH)

$25.00
Check Printing

(depends on style and quantity selected)

Varies
Temporary Checks (4 per page) $2.00
Photocopy Of Check - Per Item

(Free when retrieved on e*Teller over the past 5 years)

$5.00
Overdraft Covered By Loan

(Overdraft Protection)

None
Early Account Closing & Immediate Reopen

(checking only)

$15.00
Early Account Closing Within 90 Days

(With checking only)

$5.00
Early Account Closing With Loan & Immediately Reopening within 90 Days $15.00

Safe Deposit Box Fees
22"x10"x3" Safe Deposit Boxes $25.00
22"x10"x5" Safe Deposit Boxes $35.00

ATM/Checkcard Fees
ATM Transaction at Dakotaland Owned ATM

(performed with Dakotaland cards)

Free
ATM Transaction at non-Dakotaland Owned Advantage ATMs

(performed with Dakotaland cards)

Varies

(depending on owner of the machine,

usually free - $3.50)

ATM Transaction at non-Advantage or non-In-Balance ATM

(per transaction)

$1.50
ATM/Checkcard PIN Reminder $1.00
International Transaction

(per transaction)

1%
Replace ATM/Checkcard $5.00
ATM/Checkcard Dispute Charge $13.00

Visa Fees
Visa Late Payment Fee $20.00
Returned Payment Fee $25.00
Replacement Card

(per card)

$5.00
Replacement Card

(overnight-per card)

$35.00
Replacement Card

(2-3 days per card)

$21.00
Document Copy Fee

(per item)

$5.00
Foreign Credit Card Cash Advance $5.00
International Transaction

(per transaction)

1%

Other Fees
Cashier's Check

(per item, no fee if payable to member, 5 per month)

$3.00
Account Reconciliation

($25.00 per hour)

$15.00

(minimum)

Account Research

($25.00 per hour)

$15.00

(minimum)

Wire Transfer-Domestic Outgoing

(per wire)

$25.00
Wire Transfer-Domestic Incoming

(per wire)

$10.00
Wire Transfer-Foreign $50.00
Printout Of Account History/Statement Copy

(per statement)

$2.00
Check Cashing Fee

(For checks totaling $50 or more, per individual, per visit. No fee if
total account relationship averages $100 per month or under the age of 18.)

$5.00
Gift Card $3.00
Tax Levy/Garnishment $50.00
Backup Withholding Fee

(per month)

$5.00
Inactive IRA Fee

(If combined balance is under $500 & no activity for 12 months)

$10.00/year
IRA Transfer Fee

(Out of custody of Dakotaland Federal Credit Union)

$25.00
Return Mail/Bad Address/Unable To Locate Fee $5.00

(per month)

Fax Service

(sending or receiving, per page)

$1.00
Check Collection Fee

(Dakotaland Checks)

$10.00

Member Fee

$15.00

Non-Member Fee

Loan Payment Return Fee $25.00

Financials


Click Here to download a printable version.


Consolidated Statement Of Financial Condition December 31, 2014

Assets  
Loans To Members $194,759,657.01
Loan Loss Reserves ($1,324,799.34)
Cash & Cash Equivalents $17,824,844.42
Investment & Securities $37,552,937.91
Other Assets $21,132,757.27
Total Assets $269,945,397.27

Liabilities & Equity  
Accounts Payable, Borrowings & Other Liabilities $13,741,118.48
Members' Shares & Deposits $230,440,157.26
Total Members' Equity & Capital $25,764,121.53
Total Liabilities & Members' Equity $269,945,397.27


Consolidated Statement Of 12 Months Ending December 31, 2014  

Operating Income  
Interest On Loans $8,943,871.46
Income On Investments $636,794.41
Other Income $4,506,218.40
Total Operating Income $14,086,884.27

Operating Expenses  
Salaries And Benefits $6,574,617.32
Office Occupancy And Operations $1,465,873.26
Other Operating Expenses $1,800,013.62
Total Operating Expenses $9,840,504.20

Non-Operating Income / (Expenses)
Provision for Loan Losses ($175,000.00)
Dividends And Interest On Funds ($1,763,561.53)
Other Non-Operating Income / (Expenses) $100,661.26
Total Non-Operating Income / (Expenses) ($1,837,900.27)

Total Net Income $2,408,479.80

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