Jun, 30, 2024 — VOYAGE FEDERAL CREDIT UNION is a federal credit union headquartered in SIOUX FALLS, SD with 4 branch locations and about $181.30 million in total assets. Opened 85 years ago in 1939, VOYAGE FEDERAL CREDIT UNION has about 16,899 members and employs 37 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: | 4 branch locations |
Members: | 16,899 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $181,304,910 |
CEO/Manager: | Jeff Schmidt |
Chairperson: | Gerald Heuer |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,837,756 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 80,510 |
Real Estate Loans | 47,334,952 |
Unsecured Loans | 6,228,324 |
Other Loans | 81,353,560 |
TOTAL LOANS | 135,564,614 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,022,892 |
Land And Building | 4,109,334 |
Other Fixed Assets | 337,905 |
NCUSIF Deposit | 1,467,000 |
All Other Assets | 52,800 |
TOTAL ASSETS | 181,304,910 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 977,066 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,681,964 |
Regular shares | 67,107,347 |
All Other Shares & Deposits | 61,772,384 |
TOTAL SHARES & DEPOSITS | 162,561,695 |
TOTAL LIABILITIES | 163,538,761 |
Regular Reserve | 0 |
Other Reserves | 5,799,477 |
Undivided Earnings | 11,966,672 |
TOTAL EQUITY | 17,766,149 |
TOTAL LIABILITIES, SHARES, & EQUITY | 181,304,910 |
INCOME & EXPENSE | |
Loan Income | 3,896,428 |
Investment Income | 339,593 |
Other Income | 610,471 |
Total Employee Compensation & Benefits | 2,107,434 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,168,236 |
Non-operating Income & (Expense) | 155,090 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 286,275 |
Cost of Funds | 349,569 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 830,749 |
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