Charter 274 · Aberdeen, SD
Area Federal Credit Union
Area Federal Credit Union is a federally chartered credit union in Aberdeen, South Dakota, with $200 million in assets and 11,828 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 17.10%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $200 million
- +5.9% in a year
- Members
- 11,828
- +1.2% in a year
- Net worth ratio
- 17.10%
- Peer median 11.65%
- Loans 60+ days late
- 0.47%
- Peer median 0.70%
- Loans outstanding
- $141 million
- +9.7% in a year
- Shares and deposits
- $165 million
- +5.4% in a year
- Branches
- 3
- 36 employees
- Opened
- 1935
- Federal charter
How Area Federal Credit Union compares
NCUA groups credit unions by size; Area Federal Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 17.10% is higher than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.47%, is lower than the group median of 0.70%. Loans grew 9.7% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 9 of 33 credit unions headquartered in South Dakota. See all South Dakota credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $200 million | 11,828 | $141 million | 17.10% | 0.47% |
| Q1 2026 | $200 million | 11,751 | $136 million | 16.72% | 0.48% |
| Q4 2025 | $196 million | 11,726 | $133 million | 16.72% | 0.55% |
| Q3 2025 | $188 million | 11,719 | $132 million | 17.07% | 0.38% |
| Q2 2025 | $189 million | 11,686 | $129 million | 16.72% | 0.52% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 88,001 potential members.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 2 sites for Area Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Area Federal Credit Union (main office)
2324 8Th Ave Ne, Aberdeen, SD 57401 - Watertown Temporary Branch
113 1St Ave Nw, Watertown, SD 57201
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology