RIEGELWOOD FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.riegelwoodfcu.org for more information.
Dec, 31, 2023 — RIEGELWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in Riegelwood, NC with 2 branch locations and about $101.64 million in total assets. Opened 71 years ago in 1953, RIEGELWOOD FEDERAL CREDIT UNION has about 12,333 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIEGELWOOD FEDERAL CREDIT UNION |
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Address: (Main Office) | 183 John Riegel Rd Riegelwood, NC 28456 |
Phone: | (910) 655-2274 |
Fax: | (910) 655-3544 |
Website: | https://www.riegelwoodfcu.org |
Branches: | 2 branch locations |
Members: | 12,333 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8660 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $101,641,969 |
CEO/Manager: | June B Bigford |
Chairperson: | Hugh C Gore |
ASSETS: | $ Amount |
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Cash & Equivalents | 33,081,754 |
TOTAL INVESTMENTS | 13,659,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,305,856 |
Unsecured Loans | 12,047,524 |
Other Loans | 30,870,987 |
TOTAL LOANS | 51,482,245 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -909,890 |
Land And Building | 2,832,654 |
Other Fixed Assets | 67,807 |
NCUSIF Deposit | 820,297 |
All Other Assets | 608,102 |
TOTAL ASSETS | 101,641,969 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,288,164 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 13,649,990 |
Regular shares | 36,400,596 |
All Other Shares & Deposits | 34,802,268 |
TOTAL SHARES & DEPOSITS | 84,852,854 |
TOTAL LIABILITIES | 87,141,018 |
Regular Reserve | 3,074,966 |
Other Reserves | 0 |
Undivided Earnings | 11,425,985 |
TOTAL EQUITY | 14,500,951 |
TOTAL LIABILITIES, SHARES, & EQUITY | 101,641,969 |
INCOME & EXPENSE | |
Loan Income | 3,918,031 |
Investment Income | 236,345 |
Other Income | 1,455,216 |
Total Employee Compensation & Benefits | 1,727,180 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,764,544 |
Non-operating Income & (Expense) | -84,399 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 492,524 |
Cost of Funds | 242,537 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 298,408 |
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