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Dakota Star Credit Union

Overview
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Dakota Star Credit Union is a federal credit union based in Rapid City, South Dakota. It has been opened since 1952, for 68 years.

With around $25,030,000 in assets, Dakota Star Credit Union is considered to be an average size credit union.

About
Address 3122 W. Saint Louis Street
Rapid City, South Dakota 57702
Website http://www.dakotastar.org
Phone (605) 342-6442
Fax (605) 342-3301
CEO Kelli Wold
President of the Board Robin Clarke
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
3,008 members
Membership type: Community credit union
Average number of members
273:1
Credit union member to staff ratio
273 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$25,027,039
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in South Dakota
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
8.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in South Dakota
Above average number of branches
Dakota Star Credit Union Branch Locations

Dakota Star Credit Union: Dakota Star
3122 W. Saint Louis Street
Rapid City, South Dakota 57702
No ATM
Dakota Star Federal Credit Union
3122 W. Saint Louis Street
Rapid City, South Dakota 57702
No ATM
Dakota Star Federal Credit Union Branch
1805 Cambell Street
Rapid City, South Dakota 57701
No ATM
Members
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3,008 members
Membership type: Community credit union
Average number of members

With 3,008 members, the Dakota Star Credit Union is considered to be a medium size credit union. It is larger than 45% of credit unions.

Fees
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$78
Average fee per member
The average fee per member at the Dakota Star Credit Union is $78, which is high compared to most credit unions. This rate is higher than 73% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Dakota Star Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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273:1
Credit union member to staff ratio
273 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
11 staff members
FTE (full-time equivalent)
17% of employees are part-time
10 full-time, 2 part-time

Dakota Star Credit Union has 10 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 83% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Dakota Star Credit Union has around 273 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$25,027,039
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
10.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$10,504
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 54% of credit unions.

Dakota Star Credit Union holds a total of $21,340,000 in loans and leases, which is about $10,504 per member on average.

Savings interest rate
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0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Dakota Star Credit Union pays 0.05%.

Loan rates
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8.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
15.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.74%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.50%
New car loan rate
Compared to 4.0% nationally
3.75%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.25%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.00%
Other real estate loan rates
Compared to 0.9% nationally
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