RIVER VALLEY CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.rivercu.com for more information.
Dec, 31, 2023 — RIVER VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in Brattleboro, VT with 5 branch locations and about $154.89 million in total assets. Opened 78 years ago in 1946, RIVER VALLEY CREDIT UNION has about 18,714 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIVER VALLEY CREDIT UNION |
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Address: (Main Office) | PO Box 8366, 820 Putney Rd Brattleboro, VT 05304 |
Phone: | (802) 254-4800 |
Fax: | (802) 254-2191 |
Website: | https://www.rivercu.com |
Branches: | 5 branch locations |
Members: | 18,714 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64365 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1946 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $154,893,361 |
CEO/Manager: | Jeffrey J Morse |
Chairperson: | Mike Cooney |
ASSETS: | $ Amount |
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Cash & Equivalents | 38,577,732 |
TOTAL INVESTMENTS | 346,600 |
Loans Held for Sale | 0 |
Real Estate Loans | 77,078,101 |
Unsecured Loans | 8,004,336 |
Other Loans | 25,035,148 |
TOTAL LOANS | 110,605,836 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -980,836 |
Land And Building | 4,131,044 |
Other Fixed Assets | 313,388 |
NCUSIF Deposit | 1,092,109 |
All Other Assets | 807,488 |
TOTAL ASSETS | 154,893,361 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 758,806 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 35,063,288 |
Regular shares | 81,042,753 |
All Other Shares & Deposits | 26,256,108 |
TOTAL SHARES & DEPOSITS | 142,362,149 |
TOTAL LIABILITIES | 143,120,955 |
Regular Reserve | 1,522,193 |
Other Reserves | 0 |
Undivided Earnings | 10,250,213 |
TOTAL EQUITY | 11,772,406 |
TOTAL LIABILITIES, SHARES, & EQUITY | 154,893,361 |
INCOME & EXPENSE | |
Loan Income | 4,658,804 |
Investment Income | 40,847 |
Other Income | 1,665,392 |
Total Employee Compensation & Benefits | 2,942,320 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,982,524 |
Non-operating Income & (Expense) | 1,634 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 606,500 |
Cost of Funds | 364,371 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 470,962 |
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