Dec, 31, 2023 — RURAL COOPERATIVES CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 2 branch locations and about $35.17 million in total assets. Opened 60 years ago in 1964, RURAL COOPERATIVES CREDIT UNION has about 3,492 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RURAL COOPERATIVES CREDIT UNION |
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Address: (Main Office) | 1630 Lyndon Farm Ct Ste 201 LOUISVILLE, KY 40223 |
Phone: | (800) 798-7228 |
Fax: | (502) 456-4336 |
Website: | https://rccu.com |
Branches: | 2 branch locations |
Members: | 3,492 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61693 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $35,168,767 |
CEO/Manager: | Larry J Bischoff |
Chairperson: | Jennie Phelps |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,243,725 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 317,572 |
Unsecured Loans | 1,962,914 |
Other Loans | 10,716,813 |
TOTAL LOANS | 12,997,299 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,401 |
Land And Building | 0 |
Other Fixed Assets | 140,427 |
NCUSIF Deposit | 327,088 |
All Other Assets | 0 |
TOTAL ASSETS | 35,168,767 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 43,384 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 252,859 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,725,296 |
Regular shares | 14,964,557 |
All Other Shares & Deposits | 9,749,726 |
TOTAL SHARES & DEPOSITS | 30,439,578 |
TOTAL LIABILITIES | 30,735,821 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,432,946 |
TOTAL EQUITY | 4,432,946 |
TOTAL LIABILITIES, SHARES, & EQUITY | 35,168,767 |
INCOME & EXPENSE | |
Loan Income | 806,740 |
Investment Income | 291,162 |
Other Income | 88,219 |
Total Employee Compensation & Benefits | 845,760 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 562,009 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,400 |
Cost of Funds | 177,529 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -163,011 |
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