Explorers Credit Union

Overview / Commentary

605-665-4309

609 W 21st St
Yankton, SD 57078

Explorers Credit Union is headquartered in Yankton and is the 12^th largest credit union in the state of South Dakota. It is also the 1,926^th largest credit union in the nation. It was established in 1962 and as of June of 2020, it had grown to 22 employees and 7,895 members at 4 locations. Explorers Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership to Explorers Credit Union is open to those who live, work, worship, or attend school in the South Dakota counties of Bon Homme, Clay, Douglas, Hutchinson, Turner, Lincoln, or Yankton, or the Nebraska counties of Antelope, Boone, Cedar, Holt, Knox, Madison, Pierce, Platte, Stanton, Wayne, or Wheeler.
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Health

B+

Data as of Q2 2020

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Explorers Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	14874
Year Chartered	1962
Employees	22
Primary Regulator

Profit Margin
Return on Assets - YTD	0.41%
Return on Equity - YTD	4.97%
Annual Interest Income	$1.3MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$81.8MM$70.1MM
Loans	Q2 2020vs Q2 2019	$52.0MM$47.4MM
Deposits	Q2 2020vs Q2 2019	$74.4MM$62.8MM
Equity Capital	Q2 2020vs Q2 2019	$6.5MM$6.1MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$129.00K$151.00K
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$181.00K$350.00K
Real Estate Owned	Q2 2020vs Q2 2019	$0$0

Rates

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Savings
CD
IRA

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Explorers Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$100	-	Share Savings Account
0.05%	$100	-	Sub-Share Savings Account

Explorers Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$100	$500	36 Month Youth Share Certificate - Special
0.35%	$500	-	60 Month Share Certificate
0.30%	$500	-	48 Month Share Certificate
0.25%	$500	-	36 Month Share Certificate
0.20%	$500	-	24 Month Share Certificate
0.20%	$500	-	30 Month Share Certificate
0.15%	$500	-	12 Month Share Certificate
0.15%	$500	-	18 Month Share Certificate
0.10%	$500	-	91 Day Share Certificate
0.10%	$500	-	182 Day Share Certificate

Explorers Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%	$500	-	60 Month IRA
0.30%	$500	-	48 Month IRA
0.25%	$500	-	36 Month IRA
0.20%	$500	-	24 Month IRA
0.20%	$500	-	30 Month IRA
0.15%	$500	-	12 Month IRA
0.15%	$500	-	18 Month IRA
0.10%	$500	-	91 Day IRA
0.10%	$500	-	182 Day IRA

Locations

Explorers Credit Union Locations
Branch Office	302 S SD Highway 37	Parkston, SD 57366
Branch Office	1501 Walnut ST	Springfield, SD 57062
Branch Office	609 W 21st St	Yankton, SD 57078
Branch Office	730 E 1st St	Tea, SD 57064

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