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EAST RIVER FEDERAL CREDIT UNION

Mar, 31, 2021 — EAST RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in Madison, SD with 1 branch location and about $48.02 million in total assets. Opened 65 years ago in 1956, EAST RIVER FEDERAL CREDIT UNION has about 3,423 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291479453
Name:EAST RIVER FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 31
Madison, SD 57042
Phone:(605) 256-8145
Fax:(605) 256-8053
Website:http://www.eastriverfcu.com
Branches:1 branch locations
Members:3,423
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$48,022,982
CEO/Manager:Tanya M Hobson
Chairperson:Stacy Krusemark

Call Report

  • Credit Builder
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 21,822,949
TOTAL INVESTMENTS 3,331,180
Loans Held for Sale 0
 
 Real Estate Loans 2,453,347
 Unsecured Loans 1,144,413
 Other Loans 17,663,072
 TOTAL LOANS 21,260,832
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -114,026
 Land And Building 873,871
 Other Fixed Assets 83,248
 NCUSIF Deposit 284,775
 All Other Assets 480,153
  TOTAL ASSETS 48,022,982
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 223,751
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,123,093
 Regular shares 16,030,153
 All Other Shares & Deposits 16,933,802
  TOTAL SHARES & DEPOSITS 44,087,048
  TOTAL LIABILITIES 44,310,799
 Regular Reserve 572,907
 Other Reserves 34,484
 Undivided Earnings 3,104,792
  TOTAL EQUITY 3,712,183
  TOTAL LIABILITIES, SHARES, & EQUITY 48,022,982
INCOME & EXPENSE  
 Loan Income 240,926
 Investment Income 18,670
 Other Income 58,603
 Total Employee Compensation & Benefits 185,839
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 193,516
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 34,157
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,290
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