Dec, 31, 2023 — BLACKSTONE RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in WOONSOCKET, RI with 2 branch locations and about $68.99 million in total assets. Opened 63 years ago in 1961, BLACKSTONE RIVER FEDERAL CREDIT UNION has about 4,421 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BLACKSTONE RIVER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10 Monument Sq WOONSOCKET, RI 02895 |
| Phone: | (401) 767-1990 |
| Fax: | (401) 769-9241 |
| Website: | https://www.blackstoneriverfcu.org |
| Branches: | 2 branch locations |
| Members: | 4,421 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24523 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $68,993,769 |
| CEO/Manager: | James W Wood |
| Chairperson: | Jean Gagnon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,423,976 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,336,578 |
| Unsecured Loans | 2,142,052 |
| Other Loans | 15,374,438 |
| TOTAL LOANS | 26,853,068 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -267,344 |
| Land And Building | 240,284 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 613,064 |
| All Other Assets | 0 |
| TOTAL ASSETS | 68,993,769 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 452 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 404,510 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,138,945 |
| Regular shares | 29,531,865 |
| All Other Shares & Deposits | 21,075,810 |
| TOTAL SHARES & DEPOSITS | 61,746,620 |
| TOTAL LIABILITIES | 62,151,701 |
| Regular Reserve | 0 |
| Other Reserves | 782,656 |
| Undivided Earnings | 6,059,412 |
| TOTAL EQUITY | 6,842,068 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,993,769 |
| INCOME & EXPENSE | |
| Loan Income | 1,230,646 |
| Investment Income | 1,160,027 |
| Other Income | 295,048 |
| Total Employee Compensation & Benefits | 899,356 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,125,587 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 229,870 |
| Cost of Funds | 248,592 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 518,037 |
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