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 |
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 |
↑ Back to Top |