PALACE CITY Credit Union Profile

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PALACE CITY

Charter #13103 | NCUA Region 3 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (605) 996-9211

Fax: (605) 996-3957

Founding Date: N/A

Website: http://www.palacecitycu.org

Personnel & Operations

President: Laursen, Marius

Manager: PRIEBE, ANDREW

FT Employees: 3

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 36

Branches: 1

Hours: M-F 8:00 am - 6:00 pm

Credit Union Profile Summary

PALACE CITY is a FCU Credit Union. With a total of 1,581 members [1], this institution manages approximately $17,018,995 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 9.05% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -7.23% [1].

Financial Snapshot

Total Assets [1]
$17,018,995

Total economic resources.

Total Loans [1]
$6,970,050

Total value of outstanding loans.

Total Deposits [1]
$15,406,629

Total funds deposited by members.

Members [1]
1,581

Number of active members.

Performance Ratios

Net Worth Ratio [1]
9.05%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.53%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
45.24%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
10.57%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
-7.23%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
-0.94%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

720 W Havens Ave

Mitchell, SD, 57301

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by PALACE CITY (Charter #13103).

Main Office

Palace City Federal Credit Union Main Office

Type: Corporate Office

720 W Havens Ave

Mitchell, SD 57301

Phone: (605) 996-9211

Services: Member Services, Drive-Thru

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