Dec, 31, 2023 — RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, IN with 1 branch location and about $1.25 million in total assets. Opened 70 years ago in 1954, RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION has about 153 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2000 US HIGHWAY 27 S RICHMOND, IN 47374 |
| Phone: | (765) 973-7262 |
| Fax: | (765) 973-7314 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 153 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17454 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,253,537 |
| CEO/Manager: | Robert Schroeder |
| Chairperson: | Christy Fox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 127,908 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 87,566 |
| Other Loans | 1,025,569 |
| TOTAL LOANS | 1,113,135 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,090 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 6,413 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,253,537 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 325,000 |
| Accounts Payable & Other Liabilities | 4,640 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 682,058 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 682,058 |
| TOTAL LIABILITIES | 1,011,698 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 241,839 |
| TOTAL EQUITY | 241,839 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,253,537 |
| INCOME & EXPENSE | |
| Loan Income | 39,047 |
| Investment Income | 1,433 |
| Other Income | 1,350 |
| Total Employee Compensation & Benefits | 11,778 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,496 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,850 |
| Cost of Funds | 7,990 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,043 |
| ↑ Back to Top | |