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 |
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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 |
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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 |
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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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