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EXPLORERS FEDERAL CREDIT UNION

Dec, 31, 2020 — EXPLORERS FEDERAL CREDIT UNION is a federal credit union headquartered in YANKTON, SD with 4 branch locations and about $87.97 million in total assets. Opened 59 years ago in 1962, EXPLORERS FEDERAL CREDIT UNION has about 8,167 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291480141
Name:EXPLORERS FEDERAL CREDIT UNION
Address:
(Main Office)
609 W 21ST ST
YANKTON, SD 57078
Phone:(605) 665-4309
Fax:(605) 665-4314
Website:http://www.explorerscu.com
Branches:4 branch locations
Members:8,167
Credit Union Type:Federal Credit Union
Charter Number:14874
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1962
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$87,969,704
CEO/Manager:April D Tompkins
Chairperson:Mary K Malchow

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,467,229
TOTAL INVESTMENTS 13,418,420
Loans Held for Sale 0
 
 Real Estate Loans 22,851,795
 Unsecured Loans 3,281,811
 Other Loans 35,869,728
 TOTAL LOANS 62,003,334
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -128,887
 Land And Building 2,186,372
 Other Fixed Assets 230,265
 NCUSIF Deposit 732,095
 All Other Assets 1,060,876
  TOTAL ASSETS 87,969,704
LIABILITIES & CAPITAL:  
 Dividends Payable 24,412
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 989,475
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,580,478
 Regular shares 44,718,750
 All Other Shares & Deposits 15,923,244
  TOTAL SHARES & DEPOSITS 80,222,472
  TOTAL LIABILITIES 81,236,359
 Regular Reserve 671,376
 Other Reserves 12,257
 Undivided Earnings 6,049,712
  TOTAL EQUITY 6,733,345
  TOTAL LIABILITIES, SHARES, & EQUITY 87,969,704
INCOME & EXPENSE  
 Loan Income 2,385,536
 Investment Income 330,357
 Other Income 1,054,016
 Total Employee Compensation & Benefits 1,466,844
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,715,633
 Non-operating Income & (Expense) 2,607
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 31,341
 Cost of Funds 159,324
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 399,374
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