Dec, 31, 2023 — RED RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in ALTUS, OK with 3 branch locations and about $133.16 million in total assets. Opened 67 years ago in 1957, RED RIVER FEDERAL CREDIT UNION has about 8,734 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RED RIVER FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 2721 N Main St ALTUS, OK 73521 |
Phone: | (580) 482-7965 |
Fax: | (580) 482-8522 |
Website: | https://www.redriverfcu.com |
Branches: | 3 branch locations |
Members: | 8,734 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12082 |
---|---|
Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $133,155,540 |
CEO/Manager: | Kerry M Bull |
Chairperson: | Phillip L Nelson |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 10,334,713 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 35,726,757 |
Unsecured Loans | 2,287,345 |
Other Loans | 58,811,880 |
TOTAL LOANS | 97,158,588 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -361,516 |
Land And Building | 2,153,909 |
Other Fixed Assets | 260,827 |
NCUSIF Deposit | 1,101,785 |
All Other Assets | 18,208 |
TOTAL ASSETS | 133,155,540 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 154,402 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 278,234 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 35,234,857 |
Regular shares | 47,048,471 |
All Other Shares & Deposits | 37,132,768 |
TOTAL SHARES & DEPOSITS | 119,416,096 |
TOTAL LIABILITIES | 119,848,732 |
Regular Reserve | 0 |
Other Reserves | -1,586,780 |
Undivided Earnings | 14,893,588 |
TOTAL EQUITY | 13,306,808 |
TOTAL LIABILITIES, SHARES, & EQUITY | 133,155,540 |
INCOME & EXPENSE | |
Loan Income | 4,422,360 |
Investment Income | 978,857 |
Other Income | 931,502 |
Total Employee Compensation & Benefits | 2,265,666 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,879,646 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,506 |
Cost of Funds | 1,439,620 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,509,696 |
↑ Back to Top |