Credit union · NCUA insured
Area Federal Credit Union
A $200.2M credit union headquartered in Aberdeen, SD, with 11,751 members and 2 branches in South Dakota. Best rates: CDs 4.06% and savings 1.26% APY.
Area Federal Credit Union Carrot Score
85
Carrot Score
Higher than 69% of U.S. banks and credit unions
#4 of 9 in Watertown, SD metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Area Federal Credit Union
Chartered on April 11, 1935, Area Federal Credit Union is a member-owned not-for-profit financial cooperative founded to promote thrift and provide productive loans at reasonable interest rates.
Headquartered in Aberdeen, South Dakota, the credit union serves individuals who live, work, worship, or attend school in Brown, Codington, Day, Edmunds, Spink, and Walworth County.
- Headquarters
- 2324 8th Ave NE, Aberdeen, SD 57401
- NCUA charter
- 274
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Anyone who lives, works, worships, or attends school in Brown, Codington, Day, Edmunds, Spink, and Walworth County is eligible for membership.
Family and household
- Immediate family members of eligible groups are welcome to join Area Federal Credit Union.
Branches
2 branches in South Dakota
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South Dakota
2 branches
Aberdeen area · 1
- Area Federal Credit UnionMain office2324 8th Ave NE, Aberdeen, SD 57401Directions
Watertown area · 1
- Watertown Temporary Branch113 1st Ave NW, Watertown, SD 57201Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 17.10% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.47% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.38% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $86 | $76 | — |
- CapitalNet worth ratio17.10%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.47%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.38%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$86Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Area Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.