Sep, 30, 2025 — HB TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 1 branch location and about $4.99 million in total assets. Opened 72 years ago in 1954, HB TELCO FEDERAL CREDIT UNION has about 1,029 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HB TELCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 375 3rd St SW HURON, SD 57350-1945 |
| Phone: | (605) 352-6933 |
| Fax: | (833) 353-2330 |
| Website: | https://www.hbtelcofcu.com |
| Branches: | 1 branch locations |
| Members: | 1,029 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9888 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Nov 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,989,217 |
| CEO/Manager: | SARA K GOGOLIN |
| Chairperson: | Ervin Huber |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 144,324 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 190,215 |
| Other Loans | 3,414,227 |
| TOTAL LOANS | 3,604,442 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,676 |
| Land And Building | 188,805 |
| Other Fixed Assets | 72,567 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 42,473 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,989,217 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,292 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,764 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,629 |
| Regular shares | 3,257,500 |
| All Other Shares & Deposits | 1,225,509 |
| TOTAL SHARES & DEPOSITS | 4,508,638 |
| TOTAL LIABILITIES | 4,542,694 |
| Regular Reserve | 0 |
| Other Reserves | 94,350 |
| Undivided Earnings | 352,173 |
| TOTAL EQUITY | 446,523 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,989,217 |
| INCOME & EXPENSE | |
| Loan Income | 158,629 |
| Investment Income | 29,978 |
| Other Income | 11,442 |
| Total Employee Compensation & Benefits | 86,056 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 96,719 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -7,000 |
| Cost of Funds | 36,153 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -11,546 |
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