Dec, 31, 2023 — CREDIT UNION OF RICHMOND INC is a federally insured state chartered credit union headquartered in RICHMOND, VA with 1 branch location and about $65.80 million in total assets. Opened 101 years ago in 1923, CREDIT UNION OF RICHMOND INC has about 5,100 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CREDIT UNION OF RICHMOND INC |
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Address: (Main Office) | 1601 Ownby Ln RICHMOND, VA 23220 |
Phone: | (804) 355-9684 |
Fax: | (804) 355-9725 |
Website: | https://www.curich.org |
Branches: | 1 branch locations |
Members: | 5,100 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66929 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1923 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $65,799,082 |
CEO/Manager: | Arthur C Hart |
Chairperson: | Alvin Strother |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,173,181 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,736,620 |
Unsecured Loans | 5,769,930 |
Other Loans | 16,606,099 |
TOTAL LOANS | 26,112,649 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -228,049 |
Land And Building | 1,364,779 |
Other Fixed Assets | 118,476 |
NCUSIF Deposit | 515,312 |
All Other Assets | 14,647 |
TOTAL ASSETS | 65,799,082 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -1,162,847 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,233,015 |
Regular shares | 32,545,005 |
All Other Shares & Deposits | 12,219,672 |
TOTAL SHARES & DEPOSITS | 55,997,692 |
TOTAL LIABILITIES | 54,835,442 |
Regular Reserve | 0 |
Other Reserves | 587,766 |
Undivided Earnings | 10,375,874 |
TOTAL EQUITY | 10,963,640 |
TOTAL LIABILITIES, SHARES, & EQUITY | 65,799,082 |
INCOME & EXPENSE | |
Loan Income | 1,721,601 |
Investment Income | 957,424 |
Other Income | 450,042 |
Total Employee Compensation & Benefits | 1,468,131 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,722,887 |
Non-operating Income & (Expense) | -35,364 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,101 |
Cost of Funds | 289,165 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -68,874 |
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