Membership

We are now a Community Charted Federal Credit Union for 5 counties!

On March 22, 2021, our Board of Directors ratified an Amendment of Charter after our federal regulator, NCUA, approved Dakota Star Federal Credit Union’s request to expand our field of membership. What this means is that now we can serve anyone who lives, works, worships, or attends school in Pennington, Meade, Lawrence, Custer, or Fall River Counties. Up until this time, we were limited to people who lived, worked, worshipped, or attended school in Pennington County. Previous to this, we were limited to people who worked in the building trades industry.

Who is Eligible?

  • Persons who live, worship, work (or regularly conduct business in), or attend school in, and businesses and other legal entities located in the rural district of Custer, Fall River, Lawrence, Meade, or Pennington Counties, South Dakota

  • Members of record of this credit union as of the date of its conversion to a community field of membership August 29, 2001

  • Members of their immediate families or households

Contact us for a Membership Application today at (605) 342-6442 or (800) 418-0369, or feel free to fill out the Dakota Star Federal Credit Union Membership Application if you are interested in becoming a member.

What is a Federal Credit Union?

A federal credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to its members. Federal credit union members are provided with a safe, convenient place to save and borrow at reasonable rates, with savings insured to a least $250,000 by the National Credit Union Share Insurance Fund (NCUSIF).

A federal credit union is member-owned and controlled through the election of a board of directors from membership. Board members serve on a volunteer basis; one board member may be compensated.

To join a credit union, a potential member must first be eligible under the common bond provisions and submit a membership application. Upon submittal of the application and the deposit of at least one share (typically $5), a person becomes a member with full voting rights.

Many credit unions have a "once a member, always a member" policy and also permit members of the immediate family or household of a member to join.