Dec, 31, 2023 — RIVER REGION COMMUNITY CREDIT UNION is a federal credit union headquartered in JEFFERSON CITY, MO with 6 branch locations and about $508.39 million in total assets. Opened 70 years ago in 1954, RIVER REGION COMMUNITY CREDIT UNION has about 30,589 members and employs 89 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVER REGION COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 3124 W Edgewood Dr JEFFERSON CITY, MO 65109 |
| Phone: | (573) 635-4185 |
| Fax: | (573) 636-6036 |
| Website: | https://www.rrcu.org |
| Branches: | 6 branch locations |
| Members: | 30,589 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24955 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $508,385,975 |
| CEO/Manager: | Richard Nichols |
| Chairperson: | Kevin Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,542,243 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 544,200 |
| Real Estate Loans | 174,588,023 |
| Unsecured Loans | 17,175,598 |
| Other Loans | 184,448,277 |
| TOTAL LOANS | 396,456,697 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,947,419 |
| Land And Building | 15,419,394 |
| Other Fixed Assets | 1,652,891 |
| NCUSIF Deposit | 3,896,710 |
| All Other Assets | 0 |
| TOTAL ASSETS | 508,385,975 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 71,764 |
| Notes & Interest Payable | 9,875,000 |
| Accounts Payable & Other Liabilities | 5,773,111 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 59,324,497 |
| Regular shares | 84,050,793 |
| All Other Shares & Deposits | 305,333,303 |
| TOTAL SHARES & DEPOSITS | 448,708,595 |
| TOTAL LIABILITIES | 464,428,470 |
| Regular Reserve | 0 |
| Other Reserves | 5,795,358 |
| Undivided Earnings | 38,162,147 |
| TOTAL EQUITY | 43,957,505 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 508,385,975 |
| INCOME & EXPENSE | |
| Loan Income | 21,823,717 |
| Investment Income | 2,069,609 |
| Other Income | 2,032,291 |
| Total Employee Compensation & Benefits | 7,841,299 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,999,905 |
| Non-operating Income & (Expense) | 341,657 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,524,857 |
| Cost of Funds | 8,442,588 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,557,686 |
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