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RIVERFALL CREDIT UNION

Dec, 31, 2023 — RIVERFALL CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 4 branch locations and about $162.35 million in total assets. Opened 71 years ago in 1953, RIVERFALL CREDIT UNION has about 13,843 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 262277286
Name:RIVERFALL CREDIT UNION
Address:
(Main Office)
2520 6th St
TUSCALOOSA, AL 35401-1702
Phone:(205) 759-1505
Fax:(205) 758-3696
Website:https://riverfallcu.com
Branches:4 branch locations
Members:13,843
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60942
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1953
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$162,354,259
CEO/Manager:Scott Ryan
Chairperson:Gregory N Guy

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,447,670
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 27,668,846
 Unsecured Loans 4,284,710
 Other Loans 61,656,199
 TOTAL LOANS 93,609,755
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -531,693
 Land And Building 5,830,766
 Other Fixed Assets 943,201
 NCUSIF Deposit 1,381,113
 All Other Assets 294,940
  TOTAL ASSETS 162,354,259
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 729,048
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 26,411,977
 Regular shares 54,175,885
 All Other Shares & Deposits 66,626,780
  TOTAL SHARES & DEPOSITS 147,214,642
  TOTAL LIABILITIES 147,943,690
 Regular Reserve 0
 Other Reserves -7,289,946
 Undivided Earnings 21,700,515
  TOTAL EQUITY 14,410,569
  TOTAL LIABILITIES, SHARES, & EQUITY 162,354,259
INCOME & EXPENSE  
 Loan Income 4,808,805
 Investment Income 1,338,564
 Other Income 1,146,687
 Total Employee Compensation & Benefits 2,162,859
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,344,140
 Non-operating Income & (Expense) -137,237
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 384,494
 Cost of Funds 1,613,508
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 668,854
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