Dec, 31, 2023 — RIVER VALLEY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CAMDEN, AR with 2 branch locations and about $56.43 million in total assets. Opened 71 years ago in 1953, RIVER VALLEY COMMUNITY FEDERAL CREDIT UNION has about 6,882 members and employs 20 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 COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 340 Cash Rd SW CAMDEN, AR 71701-3705 |
Phone: | (870) 836-4400 |
Fax: | (870) 837-2700 |
Website: | https://www.myrvcu.com |
Branches: | 2 branch locations |
Members: | 6,882 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8812 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $56,432,765 |
CEO/Manager: | MARK A HIXSON |
Chairperson: | James Nixon |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,406,724 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,537,176 |
Unsecured Loans | 1,644,261 |
Other Loans | 26,096,761 |
TOTAL LOANS | 38,278,198 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,465 |
Land And Building | 2,463,999 |
Other Fixed Assets | 229,567 |
NCUSIF Deposit | 495,892 |
All Other Assets | 0 |
TOTAL ASSETS | 56,432,765 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14,752 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 302,222 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,041,453 |
Regular shares | 30,615,279 |
All Other Shares & Deposits | 11,653,751 |
TOTAL SHARES & DEPOSITS | 49,310,483 |
TOTAL LIABILITIES | 49,627,457 |
Regular Reserve | 0 |
Other Reserves | 745,425 |
Undivided Earnings | 6,059,883 |
TOTAL EQUITY | 6,805,308 |
TOTAL LIABILITIES, SHARES, & EQUITY | 56,432,765 |
INCOME & EXPENSE | |
Loan Income | 2,306,500 |
Investment Income | 480,419 |
Other Income | 484,597 |
Total Employee Compensation & Benefits | 1,113,224 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,331,823 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,400 |
Cost of Funds | 264,753 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 648,922 |
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