Dec, 31, 2023 — VOYAGE FEDERAL CREDIT UNION is a federal credit union headquartered in SIOUX FALLS, SD with 5 branch locations and about $233.53 million in total assets. Opened 85 years ago in 1939, VOYAGE FEDERAL CREDIT UNION has about 20,378 members and employs 51 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VOYAGE FEDERAL CREDIT UNION |
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Address: (Main Office) | 3823 S Kiwanis Cir SIOUX FALLS, SD 57105 |
Phone: | (605) 338-2533 |
Fax: | (605) 338-2363 |
Website: | https://voyagefcu.org |
Branches: | 5 branch locations |
Members: | 20,378 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3458 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $233,526,929 |
CEO/Manager: | Jeff Schmidt |
Chairperson: | Gerald Heuer |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,139,629 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 69,502,805 |
Unsecured Loans | 6,949,164 |
Other Loans | 94,541,722 |
TOTAL LOANS | 171,437,840 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,341,764 |
Land And Building | 8,138,957 |
Other Fixed Assets | 474,614 |
NCUSIF Deposit | 2,028,135 |
All Other Assets | 340,684 |
TOTAL ASSETS | 233,526,929 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 108,921 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,488,281 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 43,277,658 |
Regular shares | 67,013,550 |
All Other Shares & Deposits | 95,186,748 |
TOTAL SHARES & DEPOSITS | 205,477,956 |
TOTAL LIABILITIES | 207,075,158 |
Regular Reserve | 0 |
Other Reserves | 11,595,613 |
Undivided Earnings | 14,856,158 |
TOTAL EQUITY | 26,451,771 |
TOTAL LIABILITIES, SHARES, & EQUITY | 233,526,929 |
INCOME & EXPENSE | |
Loan Income | 8,286,482 |
Investment Income | 1,052,063 |
Other Income | 844,286 |
Total Employee Compensation & Benefits | 3,415,930 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,152,524 |
Non-operating Income & (Expense) | 763,823 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 318,731 |
Cost of Funds | 2,446,000 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,711,336 |
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» See also Statement of Financial Condition