Dec, 31, 2023 — RAILS WEST FEDERAL CREDIT UNION is a federal credit union headquartered in CHUBBUCK, ID with 3 branch locations and about $73.08 million in total assets. Opened 89 years ago in 1935, RAILS WEST FEDERAL CREDIT UNION has about 7,971 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RAILS WEST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4708 Yellowstone Ave CHUBBUCK, ID 83202-2336 |
| Phone: | (208) 232-5746 |
| Fax: | (208) 234-8640 |
| Website: | https://www.railswestcu.org |
| Branches: | 3 branch locations |
| Members: | 7,971 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 490 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $73,081,631 |
| CEO/Manager: | Paul I Contreras |
| Chairperson: | Jon Lamb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,045,664 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,187,785 |
| Unsecured Loans | 3,443,335 |
| Other Loans | 26,381,241 |
| TOTAL LOANS | 42,012,361 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,322 |
| Land And Building | 1,522,375 |
| Other Fixed Assets | 220,439 |
| NCUSIF Deposit | 658,285 |
| All Other Assets | 0 |
| TOTAL ASSETS | 73,081,631 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,494,448 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,704,045 |
| Regular shares | 44,929,119 |
| All Other Shares & Deposits | 5,093,935 |
| TOTAL SHARES & DEPOSITS | 64,727,099 |
| TOTAL LIABILITIES | 66,221,547 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,860,084 |
| TOTAL EQUITY | 6,860,084 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 73,081,631 |
| INCOME & EXPENSE | |
| Loan Income | 2,084,223 |
| Investment Income | 785,802 |
| Other Income | 360,662 |
| Total Employee Compensation & Benefits | 1,436,740 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,509,779 |
| Non-operating Income & (Expense) | 21,600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,815 |
| Cost of Funds | 65,482 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 628,986 |
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