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HURON AREA EDUCATION FEDERAL CREDIT UNION

Mar, 31, 2021 — HURON AREA EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 1 branch location and about $15.15 million in total assets. Opened 69 years ago in 1952, HURON AREA EDUCATION FEDERAL CREDIT UNION has about 996 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:HURON AREA EDUCATION FEDERAL CREDIT UNION
Address:
(Main Office)
1855 ARIZONA AVE SW
HURON, SD 57350-6582
Phone:(605) 352-1311
Fax:(605) 352-2979
Website:http://huronareaeducationfcu.com
Branches:1 branch locations
Members:996
Credit Union Type:Federal Credit Union
Charter Number:7599
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1952
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$15,151,269
CEO/Manager:KRISTEN JURGENS
Chairperson:Robert DeBoer

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 398,982
TOTAL INVESTMENTS 6,806,000
Loans Held for Sale 0
 
 Real Estate Loans 3,509,941
 Unsecured Loans 1,048,349
 Other Loans 3,334,359
 TOTAL LOANS 7,892,649
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -276,179
 Land And Building 163,164
 Other Fixed Assets 7,366
 NCUSIF Deposit 124,284
 All Other Assets 35,003
  TOTAL ASSETS 15,151,269
LIABILITIES & CAPITAL:  
 Dividends Payable 5,806
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 26,723
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,116,941
 Regular shares 5,326,783
 All Other Shares & Deposits 6,333,815
  TOTAL SHARES & DEPOSITS 13,777,539
  TOTAL LIABILITIES 13,810,068
 Regular Reserve 354,983
 Other Reserves 0
 Undivided Earnings 986,218
  TOTAL EQUITY 1,341,201
  TOTAL LIABILITIES, SHARES, & EQUITY 15,151,269
INCOME & EXPENSE  
 Loan Income 101,747
 Investment Income 18,255
 Other Income 2,394
 Total Employee Compensation & Benefits 59,706
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 27,570
 Non-operating Income & (Expense) 15
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 14,986
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 20,149
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