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HB TELCO FEDERAL CREDIT UNION

Dec, 31, 2023 — HB TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 1 branch location and about $5.16 million in total assets. Opened 70 years ago in 1954, HB TELCO FEDERAL CREDIT UNION has about 912 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 57350-1945
Phone:(605) 352-6933
Fax:(833) 353-2330
Website:https://hbtelcofcu.com
Branches:1 branch locations
Members:912
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$5,164,734
CEO/Manager:SARA K GOGOLIN
Chairperson:Ervin Huber

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 265,777
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 189,203
 Other Loans 4,336,943
 TOTAL LOANS 4,526,146
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -76,067
 Land And Building 182,481
 Other Fixed Assets 84,114
 NCUSIF Deposit 50,799
 All Other Assets 0
  TOTAL ASSETS 5,164,734
LIABILITIES & CAPITAL:  
 Dividends Payable 17,122
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 52,360
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,062
 Regular shares 3,210,231
 All Other Shares & Deposits 1,366,483
  TOTAL SHARES & DEPOSITS 4,596,777
  TOTAL LIABILITIES 4,666,259
 Regular Reserve 0
 Other Reserves 94,350
 Undivided Earnings 404,125
  TOTAL EQUITY 498,475
  TOTAL LIABILITIES, SHARES, & EQUITY 5,164,734
INCOME & EXPENSE  
 Loan Income 200,143
 Investment Income 742
 Other Income 9,956
 Total Employee Compensation & Benefits 93,807
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 116,907
 Non-operating Income & (Expense) 1,426
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 31,008
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -27,790
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