We are a Credit Union. A Credit Union is a not-for-profit financial cooperative owned by and operated by you and your fellow members. There are no stockholders, partners or outside owners.
Dakotaland is governed by a seven-member Board of Directors. Directors are Dakotaland members who are unpaid volunteers elected by the membership. These dedicated individuals set the direction of the credit union and set policies the credit union's management and staff follow in achieving our Vision and Mission. Directors serve three-year terms. Dakotaland also has a volunteer Supervisory Committee whose primary responsibility is to ensure that the Credit Union's financial position is both safe and sound.
Board elections are held every year during the Dakotaland Federal Credit Union Annual Meeting. Each member receives one vote, regardless of their account balance, as long as $5.00 is maintained as a minimum balance in the Primary Savings Account. This democratic form of organization ensures the institution remains responsive to the needs of our member | owners.
Unlike banks, a credit union has no stockholders. The members who use our services are our number one priority. All credit union earnings return to members as dividends on their savings accounts, competitive loan interest rates, cost of member service or contribute to reserves.
Each member's savings is insured to $250,000 by the , a U.S. Government Agency. Individual Retirement Accounts are insured separately up to $250,000 per member.
Dakotaland Federal Credit Union is a full-service financial institution, taking pride in serving its members. We offer Savings Accounts, Checking Account, Certificates Of Deposit, IRAs, VISA Credit Cards and Advantage ATM & Debit Cards. Dakotaland offers a wide variety of lending services including Auto Loans, Real Estate Loans, Recreational Vehicle Loans, Business Loans, Student Loans, Life Event Loans, Overdraft Protection and much more.