Dec, 31, 2023 — RIVERWAYS FEDERAL CREDIT UNION is a federal credit union headquartered in ROLLA, MO with 2 branch locations and about $90.35 million in total assets. Opened 65 years ago in 1959, RIVERWAYS FEDERAL CREDIT UNION has about 9,366 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIVERWAYS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1012 Forum Dr ROLLA, MO 65401 |
Phone: | (573) 308-3113 |
Fax: | (573) 341-2136 |
Website: | https://www.riverwaysfcu.com |
Branches: | 2 branch locations |
Members: | 9,366 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12890 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $90,353,637 |
CEO/Manager: | Scott Shults |
Chairperson: | Phil Rufe |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,750,820 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 55,147,407 |
Unsecured Loans | 1,174,788 |
Other Loans | 20,949,741 |
TOTAL LOANS | 77,271,937 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -359,230 |
Land And Building | 3,115,479 |
Other Fixed Assets | 986,765 |
NCUSIF Deposit | 733,543 |
All Other Assets | 0 |
TOTAL ASSETS | 90,353,637 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 883 |
Notes & Interest Payable | 500,000 |
Accounts Payable & Other Liabilities | 1,648,691 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 800,000 |
Share Drafts | 27,342,230 |
Regular shares | 24,615,683 |
All Other Shares & Deposits | 28,625,401 |
TOTAL SHARES & DEPOSITS | 80,583,314 |
TOTAL LIABILITIES | 83,532,888 |
Regular Reserve | 0 |
Other Reserves | 1,523,800 |
Undivided Earnings | 5,296,949 |
TOTAL EQUITY | 6,820,749 |
TOTAL LIABILITIES, SHARES, & EQUITY | 90,353,637 |
INCOME & EXPENSE | |
Loan Income | 3,930,618 |
Investment Income | 299,047 |
Other Income | 1,030,158 |
Total Employee Compensation & Benefits | 2,395,644 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,564,415 |
Non-operating Income & (Expense) | 63,166 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 184,141 |
Cost of Funds | 909,826 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 524,002 |
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» See also Statement of Financial Condition