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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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