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HB TELCO FEDERAL CREDIT UNION

Dec, 31, 2020 — HB TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in Huron, SD with 1 branch location and about $4.93 million in total assets. Opened 67 years ago in 1954, HB TELCO FEDERAL CREDIT UNION has about 959 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 57350-1924
Phone:(605) 352-6933
Fax:(605) 352-6933
Website:http://www.hbtelcofcu.coop
Branches:1 branch locations
Members:959
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,934,807
CEO/Manager:Jane E Ramsell
Chairperson:Ervin Huber

Call Report

  • Risk Based Loans
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 587,020
TOTAL INVESTMENTS 316,025
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 204,066
 Other Loans 3,684,522
 TOTAL LOANS 3,888,588
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -61,772
 Land And Building 147,622
 Other Fixed Assets 7,543
 NCUSIF Deposit 38,409
 All Other Assets 11,372
  TOTAL ASSETS 4,934,807
LIABILITIES & CAPITAL:  
 Dividends Payable 5,076
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,478
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,776
 Regular shares 3,741,052
 All Other Shares & Deposits 663,320
  TOTAL SHARES & DEPOSITS 4,429,148
  TOTAL LIABILITIES 4,452,702
 Regular Reserve 94,350
 Other Reserves 0
 Undivided Earnings 387,755
  TOTAL EQUITY 482,105
  TOTAL LIABILITIES, SHARES, & EQUITY 4,934,807
INCOME & EXPENSE  
 Loan Income 168,967
 Investment Income 1,601
 Other Income 10,142
 Total Employee Compensation & Benefits 80,006
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 84,131
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,500
 Cost of Funds 17,072
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,999
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