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RED RIVER FEDERAL CREDIT UNION

Dec, 31, 2020 — RED RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in ALTUS, OK with 3 branch locations and about $102.40 million in total assets. Opened 64 years ago in 1957, RED RIVER FEDERAL CREDIT UNION has about 8,737 members and employs 34 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)
PO BOX 638
ALTUS, OK 73522
Phone:(580) 482-7965
Fax:(580) 482-8522
Website:http://www.redriverfcu.com
Branches:3 branch locations
Members:8,737
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$102,400,180
CEO/Manager:Kerry M Bull
Chairperson:Phillip L Nelson

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,076,235
TOTAL INVESTMENTS 16,793,942
Loans Held for Sale 0
 
 Real Estate Loans 23,388,907
 Unsecured Loans 2,627,720
 Other Loans 41,848,137
 TOTAL LOANS 67,957,238
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -301,625
 Land And Building 2,147,529
 Other Fixed Assets 478,781
 NCUSIF Deposit 822,940
 All Other Assets 1,425,140
  TOTAL ASSETS 102,400,180
LIABILITIES & CAPITAL:  
 Dividends Payable 21,051
 Notes & Interest Payable 626,586
 Accounts Payable & Other Liabilities 313,197
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 32,201,517
 Regular shares 39,208,348
 All Other Shares & Deposits 18,737,536
  TOTAL SHARES & DEPOSITS 90,147,401
  TOTAL LIABILITIES 91,108,235
 Regular Reserve 1,201,771
 Other Reserves 340,126
 Undivided Earnings 9,750,048
  TOTAL EQUITY 11,291,945
  TOTAL LIABILITIES, SHARES, & EQUITY 102,400,180
INCOME & EXPENSE  
 Loan Income 2,875,607
 Investment Income 359,194
 Other Income 1,856,819
 Total Employee Compensation & Benefits 1,877,952
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,689,771
 Non-operating Income & (Expense) 60,935
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 157,761
 Cost of Funds 355,117
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,071,954
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