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HB TELCO FEDERAL CREDIT UNION

Mar, 31, 2021 — HB TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in Huron, SD with 1 branch location and about $5.05 million in total assets. Opened 67 years ago in 1954, HB TELCO FEDERAL CREDIT UNION has about 962 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:962
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:$5,047,495
CEO/Manager:JENNA L KASSE
Chairperson:Ervin Huber

Call Report

  • Risk Based Loans
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 499,005
TOTAL INVESTMENTS 516,025
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 171,711
 Other Loans 3,717,430
 TOTAL LOANS 3,889,141
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -62,197
 Land And Building 146,224
 Other Fixed Assets 6,865
 NCUSIF Deposit 38,409
 All Other Assets 14,023
  TOTAL ASSETS 5,047,495
LIABILITIES & CAPITAL:  
 Dividends Payable 5,101
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 11,970
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,829
 Regular shares 3,717,653
 All Other Shares & Deposits 811,242
  TOTAL SHARES & DEPOSITS 4,552,724
  TOTAL LIABILITIES 4,569,795
 Regular Reserve 94,350
 Other Reserves 0
 Undivided Earnings 383,350
  TOTAL EQUITY 477,700
  TOTAL LIABILITIES, SHARES, & EQUITY 5,047,495
INCOME & EXPENSE  
 Loan Income 40,157
 Investment Income 216
 Other Income 1,917
 Total Employee Compensation & Benefits 24,633
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,530
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,714
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,405
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