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EAST RIVER FEDERAL CREDIT UNION

Dec, 31, 2020 — EAST RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in Madison, SD with 1 branch location and about $43.80 million in total assets. Opened 65 years ago in 1956, EAST RIVER FEDERAL CREDIT UNION has about 3,421 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.


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:3,421
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:$43,804,184
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 15,810,237
TOTAL INVESTMENTS 3,447,570
Loans Held for Sale 0
 
 Real Estate Loans 3,546,836
 Unsecured Loans 1,343,197
 Other Loans 18,118,163
 TOTAL LOANS 23,008,196
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -129,907
 Land And Building 885,366
 Other Fixed Assets 85,862
 NCUSIF Deposit 284,775
 All Other Assets 412,085
  TOTAL ASSETS 43,804,184
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -614,627
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,378,443
 Regular shares 13,392,271
 All Other Shares & Deposits 15,944,396
  TOTAL SHARES & DEPOSITS 40,715,110
  TOTAL LIABILITIES 40,100,483
 Regular Reserve 572,907
 Other Reserves 40,292
 Undivided Earnings 3,090,502
  TOTAL EQUITY 3,703,701
  TOTAL LIABILITIES, SHARES, & EQUITY 43,804,184
INCOME & EXPENSE  
 Loan Income 1,135,469
 Investment Income 84,281
 Other Income 489,316
 Total Employee Compensation & Benefits 778,846
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 784,707
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 122,410
 Cost of Funds 109,403
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -86,300
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