Dec, 31, 2023 — HURON AREA EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 1 branch location and about $15.45 million in total assets. Opened 72 years ago in 1952, HURON AREA EDUCATION FEDERAL CREDIT UNION has about 871 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: | 871 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7599 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,454,300 |
| CEO/Manager: | KRISTEN JURGENS |
| Chairperson: | Robert DeBoer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 710,852 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,388,659 |
| Unsecured Loans | 986,016 |
| Other Loans | 4,200,921 |
| TOTAL LOANS | 8,575,596 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -248,899 |
| Land And Building | 140,064 |
| Other Fixed Assets | 9,286 |
| NCUSIF Deposit | 144,157 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,454,300 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,524 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 29,927 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,211,626 |
| Regular shares | 4,739,972 |
| All Other Shares & Deposits | 6,722,053 |
| TOTAL SHARES & DEPOSITS | 13,673,651 |
| TOTAL LIABILITIES | 13,724,102 |
| Regular Reserve | 0 |
| Other Reserves | 354,983 |
| Undivided Earnings | 1,375,215 |
| TOTAL EQUITY | 1,730,198 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,454,300 |
| INCOME & EXPENSE | |
| Loan Income | 430,918 |
| Investment Income | 274,565 |
| Other Income | 19,336 |
| Total Employee Compensation & Benefits | 277,481 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 146,073 |
| Non-operating Income & (Expense) | 3,558 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 124,310 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 180,513 |
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