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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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