Sep, 30, 2025 — EAST RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in MADISON, SD with 1 branch location and about $38.83 million in total assets. Opened 70 years ago in 1956, EAST RIVER FEDERAL CREDIT UNION has about 3,178 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EAST RIVER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 220 S Harth Ave MADISON, SD 57042-2916 |
| Phone: | (605) 256-8145 |
| Fax: | (605) 256-8053 |
| Website: | https://www.eastriverfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,178 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11353 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,832,268 |
| CEO/Manager: | Tanya M Hobson |
| Chairperson: | Tami Severson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,791,775 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,833,195 |
| Unsecured Loans | 994,990 |
| Other Loans | 15,662,827 |
| TOTAL LOANS | 18,491,012 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,271 |
| Land And Building | 694,340 |
| Other Fixed Assets | 53,888 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 354,184 |
| All Other Assets | 6,173 |
| TOTAL ASSETS | 38,832,268 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 162,051 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,340,769 |
| Regular shares | 13,417,680 |
| All Other Shares & Deposits | 5,864,189 |
| TOTAL SHARES & DEPOSITS | 34,622,638 |
| TOTAL LIABILITIES | 34,784,689 |
| Regular Reserve | 0 |
| Other Reserves | 354,455 |
| Undivided Earnings | 3,693,124 |
| TOTAL EQUITY | 4,047,579 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,832,268 |
| INCOME & EXPENSE | |
| Loan Income | 857,670 |
| Investment Income | 387,063 |
| Other Income | 223,469 |
| Total Employee Compensation & Benefits | 538,266 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 997,708 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -15,458 |
| Cost of Funds | 108,756 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -16,072 |
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