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About Dakotaland Federal Credit Union Membership


How To Join Dakotaland

Joining is easy. If you are eligible for membership as outline under Who Can Join DFCU, simply complete a Membership Application (PDF Format).

The USA Patriot Act requires all financial institutions to obtain, verify, and record information that identifies each person applying to do business with them.


About Dakotaland

Dakotaland Federal Credit Union is a not-for-profit financial cooperative owned by and operated for you, our members. Dakotaland was chartered in 1935 and began with 10 members. Today, Dakotaland has branch offices located in Huron, Volga, Woonsocket, and Brookings, and currently has over 18,000 members and over100 million in assets.

Everything We Do, We Do For You TM

We are a credit union. That means we are owned by and operated by you and your fellow members. There are no stock holders, partners, or outside owners. We are governed by a volunteer Board of Directors made up of members like you, elected by you. You are our only priority.

What Is The Credit Union Difference?

Members come to Dakotaland for a wide variety of reasons, such as, savings products, loan products, and financial services. Our philosophy is to provide members with superior value through high dividend rates, low loan rates, easy terms, and caring, professional service.

Dakotaland is governed by a 5-member Board of Directors. Directors are DFCU 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 two-year terms.

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 National Credit Union Administration (NCUA), a U.S. Government Agency. Individual Retirement Accounts are insured separately up to $250,000 per member.

Who Can Join Dakotaland?

There are several ways to qualify for membership at Dakotaland Federal Credit Union.

* If you live, work, worship or attend school or a business or other legal entity in Beadle, Hand, Jerauld, Kingsbury, Sanborn, or most of Brookings Counties.
* Eligibility by family relationship to a current DFCU Member- Relatives of DFCU Members are eligible to join by federal regulation if they are a spouse, child, sibling, parent, grandparent, or grandchild. This includes stepparents, stepchildren, stepsiblings, and adoptive relationships.