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MOUNTAIN RIVER CREDIT UNION

Dec, 31, 2023 — MOUNTAIN RIVER CREDIT UNION is a federally insured state chartered credit union headquartered in SALIDA, CO with 3 branch locations and about $33.07 million in total assets. Opened 64 years ago in 1960, MOUNTAIN RIVER CREDIT UNION has about 3,307 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MOUNTAIN RIVER CREDIT UNION
Address:
(Main Office)
205 E 3rd St
SALIDA, CO 81201
Phone:(719) 539-2968
Fax:(719) 539-0868
Website:https://www.mountainrivercu.org
Branches:3 branch locations
Members:3,307
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63704
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1960
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$33,074,966
CEO/Manager:Steve R Jones
Chairperson:Alan R Hoch

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,836,075
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,174,515
 Unsecured Loans 449,038
 Other Loans 6,805,539
 TOTAL LOANS 16,706,649
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -96,222
 Land And Building 723,574
 Other Fixed Assets 7,805
 NCUSIF Deposit 290,995
 All Other Assets 0
  TOTAL ASSETS 33,074,966
LIABILITIES & CAPITAL:  
 Dividends Payable 67
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 49,256
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,237,908
 Regular shares 15,017,048
 All Other Shares & Deposits 8,403,771
  TOTAL SHARES & DEPOSITS 30,658,727
  TOTAL LIABILITIES 30,708,050
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,366,916
  TOTAL EQUITY 2,366,916
  TOTAL LIABILITIES, SHARES, & EQUITY 33,074,966
INCOME & EXPENSE  
 Loan Income 983,649
 Investment Income 236,155
 Other Income 124,724
 Total Employee Compensation & Benefits 624,104
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 665,879
 Non-operating Income & (Expense) 25,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 51,000
 Cost of Funds 140,222
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 153,551
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