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EXPLORERS FEDERAL CREDIT UNION

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.


ABA Routing Number: 291480141
Name:EXPLORERS FEDERAL CREDIT UNION
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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