Dec, 31, 2023 — EXPLORERS FEDERAL CREDIT UNION is a federal credit union headquartered in YANKTON, SD with 4 branch locations and about $105.65 million in total assets. Opened 62 years ago in 1962, EXPLORERS FEDERAL CREDIT UNION has about 9,040 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EXPLORERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 609 W 21st St YANKTON, SD 57078 |
Phone: | (605) 665-4309 |
Fax: | (605) 665-4314 |
Website: | https://www.explorerscu.com |
Branches: | 4 branch locations |
Members: | 9,040 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14874 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $105,646,233 |
CEO/Manager: | April D Tompkins |
Chairperson: | Brendan J Gramkow |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,805,631 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 31,572,027 |
Unsecured Loans | 4,457,225 |
Other Loans | 32,870,081 |
TOTAL LOANS | 68,899,333 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -320,878 |
Land And Building | 1,677,968 |
Other Fixed Assets | 498,960 |
NCUSIF Deposit | 946,547 |
All Other Assets | 0 |
TOTAL ASSETS | 105,646,233 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 136,893 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,305,342 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,475,363 |
Regular shares | 47,057,493 |
All Other Shares & Deposits | 22,948,115 |
TOTAL SHARES & DEPOSITS | 95,480,971 |
TOTAL LIABILITIES | 96,923,206 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,723,027 |
TOTAL EQUITY | 8,723,027 |
TOTAL LIABILITIES, SHARES, & EQUITY | 105,646,233 |
INCOME & EXPENSE | |
Loan Income | 3,372,709 |
Investment Income | 934,218 |
Other Income | 1,478,740 |
Total Employee Compensation & Benefits | 2,128,458 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,383,319 |
Non-operating Income & (Expense) | 12,958 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 239,753 |
Cost of Funds | 195,045 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 852,050 |
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