Dec, 31, 2023 — RIO BLANCO SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in RANGELY, CO with 2 branch locations and about $7.58 million in total assets. Opened 65 years ago in 1959, RIO BLANCO SCHOOLS FEDERAL CREDIT UNION has about 780 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIO BLANCO SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 402 W Main St Ste 139 RANGELY, CO 81648 |
| Phone: | (970) 675-2372 |
| Fax: | (970) 675-5535 |
| Website: | https://www.rioblancoschoolsfcu.org |
| Branches: | 2 branch locations |
| Members: | 780 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13161 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,580,020 |
| CEO/Manager: | Annette Webber |
| Chairperson: | Heath GeBauer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 882,312 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 409,217 |
| Other Loans | 4,337,883 |
| TOTAL LOANS | 4,747,102 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,454 |
| Land And Building | 0 |
| Other Fixed Assets | 8,435 |
| NCUSIF Deposit | 70,392 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,580,020 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 156,858 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,361,815 |
| All Other Shares & Deposits | 1,675,141 |
| TOTAL SHARES & DEPOSITS | 6,036,958 |
| TOTAL LIABILITIES | 6,193,816 |
| Regular Reserve | 0 |
| Other Reserves | 102,706 |
| Undivided Earnings | 1,283,498 |
| TOTAL EQUITY | 1,386,204 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,580,020 |
| INCOME & EXPENSE | |
| Loan Income | 352,001 |
| Investment Income | 80,237 |
| Other Income | 4,581 |
| Total Employee Compensation & Benefits | 125,043 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 122,439 |
| Non-operating Income & (Expense) | 20 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,000 |
| Cost of Funds | 46,873 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 104,484 |
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