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RIVERFORK FEDERAL CREDIT UNION

Dec, 31, 2023 — RIVERFORK FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND FORKS, ND with 1 branch location and about $28.54 million in total assets. Opened 65 years ago in 1959, RIVERFORK FEDERAL CREDIT UNION has about 2,174 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RIVERFORK FEDERAL CREDIT UNION
Address:
(Main Office)
711 N Washington St
GRAND FORKS, ND 58203
Phone:(701) 775-0593
Fax:(701) 780-9545
Website:https://riverforkfcu.com
Branches:1 branch locations
Members:2,174
Credit Union Type:Federal Credit Union
Charter Number:13067
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1959
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$28,538,214
CEO/Manager:Katie Parkman
Chairperson:Doug Ferrie

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,885,460
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,601,339
 Unsecured Loans 1,083,194
 Other Loans 9,889,542
 TOTAL LOANS 14,574,075
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -169,975
 Land And Building 168,037
 Other Fixed Assets 8,645
 NCUSIF Deposit 263,154
 All Other Assets 0
  TOTAL ASSETS 28,538,214
LIABILITIES & CAPITAL:  
 Dividends Payable 40
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 144,220
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,706,158
 Regular shares 16,950,211
 All Other Shares & Deposits 4,182,994
  TOTAL SHARES & DEPOSITS 24,839,363
  TOTAL LIABILITIES 24,983,623
 Regular Reserve 0
 Other Reserves 288,589
 Undivided Earnings 3,266,002
  TOTAL EQUITY 3,554,591
  TOTAL LIABILITIES, SHARES, & EQUITY 28,538,214
INCOME & EXPENSE  
 Loan Income 687,049
 Investment Income 457,122
 Other Income 42,931
 Total Employee Compensation & Benefits 284,622
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 451,181
 Non-operating Income & (Expense) 23,035
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 169,975
 Cost of Funds 234,474
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 181,884
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