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.
| 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 |
| 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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