Dec, 31, 2023 — RIO GRANDE FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND JUNCTION, CO with 2 branch locations and about $74.93 million in total assets. Opened 84 years ago in 1940, RIO GRANDE FEDERAL CREDIT UNION has about 5,036 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIO GRANDE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 760 Rood Ave GRAND JUNCTION, CO 81501-3408 |
| Phone: | (970) 243-7330 |
| Fax: | (970) 242-9319 |
| Website: | https://www.riograndefcu.org |
| Branches: | 2 branch locations |
| Members: | 5,036 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3963 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $74,933,239 |
| CEO/Manager: | Valarie Neumeier |
| Chairperson: | Daniel Steinkirchner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,263,655 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,701,190 |
| Unsecured Loans | 817,157 |
| Other Loans | 14,875,588 |
| TOTAL LOANS | 31,821,866 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -127,874 |
| Land And Building | 1,856,760 |
| Other Fixed Assets | 31,940 |
| NCUSIF Deposit | 604,288 |
| All Other Assets | 0 |
| TOTAL ASSETS | 74,933,239 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 99,908 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 102,266 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,414,132 |
| Regular shares | 37,574,756 |
| All Other Shares & Deposits | 14,582,041 |
| TOTAL SHARES & DEPOSITS | 60,570,929 |
| TOTAL LIABILITIES | 60,773,103 |
| Regular Reserve | 0 |
| Other Reserves | 1,986,791 |
| Undivided Earnings | 12,173,345 |
| TOTAL EQUITY | 14,160,136 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,933,239 |
| INCOME & EXPENSE | |
| Loan Income | 1,423,339 |
| Investment Income | 1,170,113 |
| Other Income | 133,743 |
| Total Employee Compensation & Benefits | 682,306 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 824,235 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,000 |
| Cost of Funds | 318,933 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,181,108 |
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