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 |
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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 |
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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 |
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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 |
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