Dec, 31, 2023 — RICHLAND FEDERAL CREDIT UNION is a federal credit union headquartered in SIDNEY, MT with 2 branch locations and about $106.16 million in total assets. Opened 85 years ago in 1939, RICHLAND FEDERAL CREDIT UNION has about 4,937 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RICHLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 201 W Holly St SIDNEY, MT 59270-3626 |
| Phone: | (406) 482-2704 |
| Fax: | (406) 482-2766 |
| Website: | https://richlandfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,937 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3391 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $106,158,945 |
| CEO/Manager: | Korey Hagan |
| Chairperson: | Beth Redlin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,754,913 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,783,693 |
| Unsecured Loans | 218,883 |
| Other Loans | 25,518,596 |
| TOTAL LOANS | 44,660,582 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -707,440 |
| Land And Building | 2,601,409 |
| Other Fixed Assets | 145,565 |
| NCUSIF Deposit | 851,135 |
| All Other Assets | 0 |
| TOTAL ASSETS | 106,158,945 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,858 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 896,446 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,753,086 |
| Regular shares | 53,122,765 |
| All Other Shares & Deposits | 9,849,870 |
| TOTAL SHARES & DEPOSITS | 89,725,721 |
| TOTAL LIABILITIES | 90,659,025 |
| Regular Reserve | 0 |
| Other Reserves | 679,262 |
| Undivided Earnings | 14,820,658 |
| TOTAL EQUITY | 15,499,920 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 106,158,945 |
| INCOME & EXPENSE | |
| Loan Income | 2,495,787 |
| Investment Income | 1,100,771 |
| Other Income | 149,907 |
| Total Employee Compensation & Benefits | 1,397,120 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,159,259 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 198,832 |
| Cost of Funds | 877,445 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 471,949 |
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