Jun, 30, 2024 — HB TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 1 branch location and about $5.69 million in total assets. Opened 70 years ago in 1954, HB TELCO FEDERAL CREDIT UNION has about 921 members and employs 3 full and part-time employees 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: | (833) 353-2330 |
| Website: | https://www.hbtelcofcu.com |
| Branches: | 1 branch locations |
| Members: | 921 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,689,848 |
| CEO/Manager: | SARA K GOGOLIN |
| Chairperson: | Ervin Huber |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 245,311 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 143,943 |
| Other Loans | 4,837,222 |
| TOTAL LOANS | 4,981,165 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,583 |
| Land And Building | 188,634 |
| Other Fixed Assets | 83,153 |
| NCUSIF Deposit | 51,390 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,689,848 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,231 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 46,884 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,053 |
| Regular shares | 4,401,073 |
| All Other Shares & Deposits | 670,192 |
| TOTAL SHARES & DEPOSITS | 5,114,318 |
| TOTAL LIABILITIES | 5,162,433 |
| Regular Reserve | 0 |
| Other Reserves | 94,350 |
| Undivided Earnings | 433,065 |
| TOTAL EQUITY | 527,415 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,689,848 |
| INCOME & EXPENSE | |
| Loan Income | 124,662 |
| Investment Income | 2,943 |
| Other Income | 8,568 |
| Total Employee Compensation & Benefits | 59,650 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 80,324 |
| Non-operating Income & (Expense) | 11,623 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 9,218 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -706 |
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