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RED RIVER FEDERAL CREDIT UNION

Mar, 31, 2021 — RED RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in ALTUS, OK with 3 branch locations and about $108.66 million in total assets. Opened 64 years ago in 1957, RED RIVER FEDERAL CREDIT UNION has about 8,800 members and employs 31 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:8,800
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:$108,662,423
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 17,859,305
TOTAL INVESTMENTS 17,131,751
Loans Held for Sale 0
 
 Real Estate Loans 24,530,068
 Unsecured Loans 3,882,539
 Other Loans 40,193,079
 TOTAL LOANS 68,689,602
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -280,199
 Land And Building 2,134,438
 Other Fixed Assets 429,760
 NCUSIF Deposit 822,940
 All Other Assets 1,874,826
  TOTAL ASSETS 108,662,423
LIABILITIES & CAPITAL:  
 Dividends Payable 17,545
 Notes & Interest Payable 626,590
 Accounts Payable & Other Liabilities 586,620
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 34,495,476
 Regular shares 42,637,072
 All Other Shares & Deposits 18,863,253
  TOTAL SHARES & DEPOSITS 95,995,801
  TOTAL LIABILITIES 97,226,556
 Regular Reserve 1,201,771
 Other Reserves 150,974
 Undivided Earnings 10,083,122
  TOTAL EQUITY 11,435,867
  TOTAL LIABILITIES, SHARES, & EQUITY 108,662,423
INCOME & EXPENSE  
 Loan Income 726,260
 Investment Income 63,049
 Other Income 215,644
 Total Employee Compensation & Benefits 483,506
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 424,358
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,865
 Cost of Funds 63,251
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 333,074
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