Jun, 30, 2024 — HURON AREA EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 1 branch location and about $15.55 million in total assets. Opened 73 years ago in 1952, HURON AREA EDUCATION FEDERAL CREDIT UNION has about 977 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: | https://huronareaeducationfcu.com |
| Branches: | 1 branch locations |
| Members: | 977 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7599 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,547,737 |
| CEO/Manager: | KRISTEN JURGENS |
| Chairperson: | Robert DeBoer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 325,822 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,671,036 |
| Unsecured Loans | 936,716 |
| Other Loans | 3,673,066 |
| TOTAL LOANS | 8,280,818 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -289,356 |
| Land And Building | 150,564 |
| Other Fixed Assets | 16,441 |
| NCUSIF Deposit | 143,304 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,547,737 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,987 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,762 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,216,444 |
| Regular shares | 5,537,961 |
| All Other Shares & Deposits | 6,232,449 |
| TOTAL SHARES & DEPOSITS | 13,986,854 |
| TOTAL LIABILITIES | 14,015,603 |
| Regular Reserve | 0 |
| Other Reserves | 354,983 |
| Undivided Earnings | 1,177,151 |
| TOTAL EQUITY | 1,532,134 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,547,737 |
| INCOME & EXPENSE | |
| Loan Income | 279,432 |
| Investment Income | 40,240 |
| Other Income | 18,045 |
| Total Employee Compensation & Benefits | 192,225 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 88,034 |
| Non-operating Income & (Expense) | 25,666 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 28,949 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 54,175 |
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