The club currently plays in the Western group of Hockeyettan, the third tier of the Swedish ice hockey system, and plays their matches in Lugnets Ishall with a capacity for 2500 spectators.

The most successful season during this period was 1983/1984 when they reached Allsvenskan, which at that time was a playoff series for Division I.

[2][3] The club also has a women's team that competes in the Nationella Damhockeyligan, where they have been very successful.

After the completion of the 2022/2023 season, Falu IF was offered a spot in Hockeyettan, following the bankruptcy of HC Vita Hästen.

[5] Falu IF was offered the spot as the highest-ranked second-place team in the qualifying series.