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RED RIVER FEDERAL CREDIT UNION

Dec, 31, 2023 — RED RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in ALTUS, OK with 3 branch locations and about $133.16 million in total assets. Opened 67 years ago in 1957, RED RIVER FEDERAL CREDIT UNION has about 8,734 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RED RIVER FEDERAL CREDIT UNION
Address:
(Main Office)
2721 N Main St
ALTUS, OK 73521
Phone:(580) 482-7965
Fax:(580) 482-8522
Website:https://www.redriverfcu.com
Branches:3 branch locations
Members:8,734
Credit Union Type:Federal Credit Union
Charter Number:12082
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1957
Last Audited:Apr 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$133,155,540
CEO/Manager:Kerry M Bull
Chairperson:Phillip L Nelson

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,334,713
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 35,726,757
 Unsecured Loans 2,287,345
 Other Loans 58,811,880
 TOTAL LOANS 97,158,588
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -361,516
 Land And Building 2,153,909
 Other Fixed Assets 260,827
 NCUSIF Deposit 1,101,785
 All Other Assets 18,208
  TOTAL ASSETS 133,155,540
LIABILITIES & CAPITAL:  
 Dividends Payable 154,402
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 278,234
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 35,234,857
 Regular shares 47,048,471
 All Other Shares & Deposits 37,132,768
  TOTAL SHARES & DEPOSITS 119,416,096
  TOTAL LIABILITIES 119,848,732
 Regular Reserve 0
 Other Reserves -1,586,780
 Undivided Earnings 14,893,588
  TOTAL EQUITY 13,306,808
  TOTAL LIABILITIES, SHARES, & EQUITY 133,155,540
INCOME & EXPENSE  
 Loan Income 4,422,360
 Investment Income 978,857
 Other Income 931,502
 Total Employee Compensation & Benefits 2,265,666
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,879,646
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 96,506
 Cost of Funds 1,439,620
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,509,696
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