Mar, 31, 2022 — EXPLORERS FEDERAL CREDIT UNION is a federal credit union headquartered in YANKTON, SD with 4 branch locations and about $105.17 million in total assets. Opened 60 years ago in 1962, EXPLORERS FEDERAL CREDIT UNION has about 8,592 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: | http://www.explorerscu.com |
| Branches: | 4 branch locations |
| Members: | 8,592 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $105,169,702 |
| CEO/Manager: | April D Tompkins |
| Chairperson: | Mark D Brannen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,016,956 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,198,679 |
| Unsecured Loans | 3,241,699 |
| Other Loans | 35,905,605 |
| TOTAL LOANS | 71,345,983 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -125,732 |
| Land And Building | 1,958,242 |
| Other Fixed Assets | 452,297 |
| NCUSIF Deposit | 888,247 |
| All Other Assets | 0 |
| TOTAL ASSETS | 105,169,702 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,019 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 928,848 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,050,616 |
| Regular shares | 56,049,332 |
| All Other Shares & Deposits | 17,608,632 |
| TOTAL SHARES & DEPOSITS | 96,708,580 |
| TOTAL LIABILITIES | 97,650,447 |
| Regular Reserve | 0 |
| Other Reserves | 822 |
| Undivided Earnings | 7,518,433 |
| TOTAL EQUITY | 7,519,255 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 105,169,702 |
| INCOME & EXPENSE | |
| Loan Income | 676,316 |
| Investment Income | 46,858 |
| Other Income | 293,114 |
| Total Employee Compensation & Benefits | 416,114 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 488,033 |
| Non-operating Income & (Expense) | 75,592 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,610 |
| Cost of Funds | 22,384 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 116,739 |
| ↑ Back to Top | |