Dec, 31, 2022 — EXPLORERS FEDERAL CREDIT UNION is a federal credit union headquartered in YANKTON, SD with 4 branch locations and about $110.00 million in total assets. Opened 61 years ago in 1962, EXPLORERS FEDERAL CREDIT UNION has about 8,770 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EXPLORERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 609 W 21st St YANKTON, SD 57078 |
| Phone: | (605) 665-4309 |
| Fax: | (605) 665-4314 |
| Website: | https://www.explorerscu.com |
| Branches: | 4 branch locations |
| Members: | 8,770 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $110,000,545 |
| CEO/Manager: | April D Tompkins |
| Chairperson: | Mark D Brannen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,023,977 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,871,947 |
| Unsecured Loans | 3,745,937 |
| Other Loans | 38,430,798 |
| TOTAL LOANS | 75,048,682 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,816 |
| Land And Building | 1,862,423 |
| Other Fixed Assets | 448,512 |
| NCUSIF Deposit | 904,626 |
| All Other Assets | 0 |
| TOTAL ASSETS | 110,000,545 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,006 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 963,166 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,525,433 |
| Regular shares | 58,564,413 |
| All Other Shares & Deposits | 17,234,828 |
| TOTAL SHARES & DEPOSITS | 101,324,674 |
| TOTAL LIABILITIES | 102,299,846 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,700,699 |
| TOTAL EQUITY | 7,700,699 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,000,545 |
| INCOME & EXPENSE | |
| Loan Income | 2,136,563 |
| Investment Income | 243,716 |
| Other Income | 978,353 |
| Total Employee Compensation & Benefits | 1,376,067 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,488,591 |
| Non-operating Income & (Expense) | 96,274 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 226,117 |
| Cost of Funds | 65,126 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 299,005 |
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