Mar, 31, 2021 — EXPLORERS FEDERAL CREDIT UNION is a federal credit union headquartered in YANKTON, SD with 4 branch locations and about $96.91 million in total assets. Opened 59 years ago in 1962, EXPLORERS FEDERAL CREDIT UNION has about 8,253 members and employs 25 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: | 8,253 |
| 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: | $96,914,302 |
| CEO/Manager: | April D Tompkins |
| Chairperson: | Mary K Malchow |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,963,599 |
| TOTAL INVESTMENTS | 11,934,727 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 26,928,851 |
| Unsecured Loans | 2,858,034 |
| Other Loans | 35,185,224 |
| TOTAL LOANS | 64,972,109 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -124,219 |
| Land And Building | 2,141,418 |
| Other Fixed Assets | 253,975 |
| NCUSIF Deposit | 732,095 |
| All Other Assets | 1,040,598 |
| TOTAL ASSETS | 96,914,302 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17,239 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 675,234 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,081,764 |
| Regular shares | 50,315,010 |
| All Other Shares & Deposits | 15,965,045 |
| TOTAL SHARES & DEPOSITS | 89,361,819 |
| TOTAL LIABILITIES | 90,054,292 |
| Regular Reserve | 671,376 |
| Other Reserves | 8,195 |
| Undivided Earnings | 6,180,439 |
| TOTAL EQUITY | 6,860,010 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 96,914,302 |
| INCOME & EXPENSE | |
| Loan Income | 626,468 |
| Investment Income | 34,248 |
| Other Income | 275,620 |
| Total Employee Compensation & Benefits | 376,904 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 400,706 |
| Non-operating Income & (Expense) | 623 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,922 |
| Cost of Funds | 28,410 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 127,017 |
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