Dec, 31, 2023 — RIVERSIDE FEDERAL CREDIT UNION is a federal credit union headquartered in KENMORE, NY with 2 branch locations and about $65.21 million in total assets. Opened 82 years ago in 1942, RIVERSIDE FEDERAL CREDIT UNION has about 5,276 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVERSIDE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2853 Delaware Ave KENMORE, NY 14217-2719 |
| Phone: | (716) 875-1747 |
| Fax: | (716) 875-1792 |
| Website: | https://www.radiusfcu.com |
| Branches: | 2 branch locations |
| Members: | 5,276 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24715 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $65,213,359 |
| CEO/Manager: | Lisa Hilton |
| Chairperson: | William Kearney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,106,866 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,905,868 |
| Unsecured Loans | 2,306,980 |
| Other Loans | 15,458,772 |
| TOTAL LOANS | 43,671,620 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -653,110 |
| Land And Building | 2,106,100 |
| Other Fixed Assets | 176,257 |
| NCUSIF Deposit | 557,744 |
| All Other Assets | 0 |
| TOTAL ASSETS | 65,213,359 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 93,857 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,970,681 |
| Regular shares | 33,725,591 |
| All Other Shares & Deposits | 11,224,770 |
| TOTAL SHARES & DEPOSITS | 56,921,042 |
| TOTAL LIABILITIES | 57,014,899 |
| Regular Reserve | 0 |
| Other Reserves | 264,721 |
| Undivided Earnings | 7,933,739 |
| TOTAL EQUITY | 8,198,460 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,213,359 |
| INCOME & EXPENSE | |
| Loan Income | 2,249,572 |
| Investment Income | 220,116 |
| Other Income | 408,193 |
| Total Employee Compensation & Benefits | 957,784 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,216,967 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 155,858 |
| Cost of Funds | 176,887 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 629,935 |
| ↑ Back to Top | |