RIVERTOWN COMMUNITY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.rivertowncu.org for more information.
Dec, 31, 2023 — RIVERTOWN COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in GRANDVILLE, MI with 2 branch locations and about $77.16 million in total assets. Opened 75 years ago in 1949, RIVERTOWN COMMUNITY FEDERAL CREDIT UNION has about 5,190 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIVERTOWN COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 249 GRANDVILLE, MI 49468 |
Phone: | (616) 406-2480 |
Fax: | (616) 534-3597 |
Website: | https://www.rivertowncu.org |
Branches: | 2 branch locations |
Members: | 5,190 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6164 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $77,162,990 |
CEO/Manager: | Kristopher A Lewis |
Chairperson: | Greg Golembiewski |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,624,939 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 18,703,071 |
Unsecured Loans | 3,773,499 |
Other Loans | 17,939,316 |
TOTAL LOANS | 40,415,886 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -266,653 |
Land And Building | 2,125,747 |
Other Fixed Assets | 135,715 |
NCUSIF Deposit | 633,344 |
All Other Assets | 0 |
TOTAL ASSETS | 77,162,990 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 28,010 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 824,784 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,414,279 |
Regular shares | 21,515,574 |
All Other Shares & Deposits | 33,748,740 |
TOTAL SHARES & DEPOSITS | 65,678,593 |
TOTAL LIABILITIES | 66,531,387 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 10,631,603 |
TOTAL EQUITY | 10,631,603 |
TOTAL LIABILITIES, SHARES, & EQUITY | 77,162,990 |
INCOME & EXPENSE | |
Loan Income | 1,439,122 |
Investment Income | 341,280 |
Other Income | 378,824 |
Total Employee Compensation & Benefits | 719,335 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,081,660 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,958 |
Cost of Funds | 112,810 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 450,129 |
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