Loan Rates

The rates listed below are effective as of April 19, 2018.

Deposit Accounts

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Savings Account

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

Checking Accounts

$2,500.00 Plus Compounded Monthly 0.05% APY*

IRA Accounts

$50 - $2,500 Compounded Monthly 0.25% / 0.25% APY*
$2,500 Plus Compounded Monthly 0.75% / 0.75% APY*
$10,000 Plus Compounded Monthly 1.25% / 1.25% APY*

Certificate of Deposit Accounts & IRA Certificate of Deposit Accounts

 6 Month Term Compounded Quarterly 0.90% / 0.90% APY*
12 Month Term Compounded Quarterly 1.25% / 1.25% APY*
18 Month Term Compounded Quarterly 1.35% / 1.35% APY*
24 Month Term Compounded Quarterly 1.59% / 1.60% APY*
36 Month Term Compounded Quarterly 1.69% / 1.70% APY*
48 Month Term Compounded Quarterly 1.89% / 1.90% APY*
60 Month Term Compounded Quarterly 2.24% / 2.25% APY*.

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

Certificate of Deposit Account Specials

 Certificate Specials
16 Month Special Compounded Quarterly 0.75% / 0.75% APY*
53 Month Special Compounded Quarterly 1.50% / 1.50% APY*

Earn up to an additional 1.00% apy* on certificate specials.

*annual percentage yield

Investor's Choice Accounts

$500.00 - $9,999.00 Compounded Monthly 0.10% / 0.10% APY*
$10,000.00 - $24,999.00 Compounded Monthly 0.15% / 0.15% APY*
$25,000.00 - $49,000.00 Compounded Monthly 0.20% / 0.20% APY*
 $50,000.00 - $99,000.00 Compounded Monthly 0.25% / 0.25% APY*
$100,000 & Above Compounded Monthly 0.25% / 0.25% APY*

Minimum balance required for an Investor's Choice Account is $10,000.00.

*Annual Percentage Yield
  Rates are subject to change without notice.


Loans

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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.

Auto Loan Rates

Model Year 2018 - 2012 Platinum Gold Silver Copper Bronze
36 Months 3.90% APR* 4.90% APR* 5.90% APR* 6.90% APR*  10.90% APR*
48 Months 3.90% APR* 4.90% APR* 5.90% APR* 7.90% APR*  11.90% APR*
60 Months 3.90% APR* 4.90% APR* 5.90% APR* 8.90% APR*  12.90% APR*
66 Months (2014 - 18 only)** 3.90% APR* 4.90% APR* 5.90% APR*  N/A N/A
72 Months (2014 - 18 only)** 4.90% APR* 5.90% APR* 6.90% APR* N/A N/A

* Annual Percentage Rate
**66 & 72 Months: Purchase Only
Rates are subject to change without notice
For each relationship you have with us, you will receive a 0.25% discount up to a 1.0% Maximum.

 Model Year 2011 & Older Platinum Gold Silver Copper  Bronze
36 Months 5.90%
APR*
6.90%
APR*
7.90%
APR*
9.90%
APR* 
12.90%
APR*
48 Months 5.90%
APR* 
 6.90%
APR*
7.90%
APR*
 10.90%
APR*
14.90%
APR*

* Annual Percentage Rate
Rates are subject to change without notice
For each relationship you have with us, you will receive a 0.25% discount up to a 1.0% Maximum.

Recreational Vehicle Loans

Recreational Loans Dakota Platinum Dakota Gold Dakota Silver  Dakota Copper Dakota Bronze
24 Months 4.90%
APR*
5.90%
APR*
6.90%
APR*
8.90%
APR* 
10.90%
APR*
36 Months 4.90%
APR*
5.90%
APR*
6.90%
APR*
8.90%
APR* 
11.90%
APR*
48 Months 4.90%
APR*
5.90%
APR*
6.90%
APR*
9.90%
APR* 
12.90%
APR*
60 Months 4.90%
APR*
5.90%
APR*
6.90%
APR*
9.90%
APR* 
12.90%
APR*
72 Months (over $25,000) 5.90%
APR*
6.90%
APR*
7.90%
APR*
N/A  N/A

* Annual Percentage Rate
Rates are subject to change without notice
For each relationship you have with us, you will receive a 0.25% discount up to a 1.0% Maximum.

Life Event | Personal Loan Rates

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

* Annual Percentage Rate
Rates are subject to change without notice
For each relationship you have with us, you will receive a 0.25% discount up to a 1.0% Maximum.

Certificate or Account Secured Loan Rates

Certificate | Account Secured  Loan Term Loan Rate
Certificate Secured Certificate Term 2.00% Above Certificate Rate
Investor's Choice Secured 60 Months  4.00% APR*
Account Secured 60 Months 3.00% APR*

* Annual Percentage Rate
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*

* Annual Percentage Rate
Rates are subject to change without notice

Overdraft Protection

 Overdraft Protection 13.00% APR*

* Annual Percentage Rate
Rates are subject to change without notice

*Annual Percentage Rate

Fee Schedule

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Savings Account Fees

Membership Application None
Monthly Service Charge None
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
Continues Overdraft Fee

(Starting on the 8th day of negative balance)

$3.00
Early Account Closing within 90 Days

(Savings Only)

$5.00
Early Account Closing & Immediate Reopen within 90 Days

(Savings Only)

$15.00
Early Account Closing with Loan $15.00
per Account

$25.00
per Loan
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, Check card 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
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 Desposit 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 Transactions 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 $10.00
ATM | Checkcard Dispute Charge $13.00

VISA Fees

VISA Late Payment Fee $20.00
Returned Payment Fee $25.00
Replacement Card

(per card)

$10.00
Replacement Card

(overnight-per card)

$40.00
Replacement Card

(2-3 days per card)

$25.00
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 items, 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
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
/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

The consolidated statement of financial condition and income December 31, 2017

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Assets

Loans to Members $224,737,395.23
Loan Loss Reserves (1,759,436.62)
Cash & Cash Equivalents 26,047,312.88
Investment & Securities 41,122,187.18
Other Assets 26,934,951.51
Total Assets $317,082,410.18

Liabilities & Members' Equity

Payables, Borrowings, Other Liabilities  $13,055,613.00
Members' Shares & Deposits 269,746,537.82
Total Members' Equity & Capital 34,280,259.36
Total Liabilities & Members' Equity $317,082,410.18

Operating Income

Interest on Loans $9,802,038.23
Income on Investments 1,016,087.29
Other Income 5,275,413.73
Total Operating Income 16,093,539.25

Operating Expenses

Salaries & Benefits  8,328,602.21
Office Occupancy & Operations 1,541,251.87
Other Operating Expenses 2,213,188.46
Total Operating Expenses 12,083,042.54

Non-Operating Income Expenses

Provision for Loan Losses (325,000.00)
Dividends & Interest (1,464,764.11)
Other Non-Operating Income/Expenses 91,649.01
Total Non-Operating Income/Expenses (1,698,115.10)

Net Income

Net Income $2,312,381.61