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RIEGELWOOD FEDERAL CREDIT UNION

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.


ABA Routing Number: 253177133
Name:RIEGELWOOD FEDERAL CREDIT UNION
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
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

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Individual Development Accounts
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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