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RIVERFORK FEDERAL CREDIT UNION

Dec, 31, 2020 — RIVERFORK FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND FORKS, ND with 1 branch location and about $27.47 million in total assets. Opened 62 years ago in 1959, RIVERFORK FEDERAL CREDIT UNION has about 2,187 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RIVERFORK FEDERAL CREDIT UNION
Address:
(Main Office)
711 N WASHINGTON ST
GRAND FORKS, ND 58203
Phone:(701) 775-0593
Fax:(701) 780-9545
Website:http://riverforkfcu.com
Branches:1 branch locations
Members:2,187
Credit Union Type:Federal Credit Union
Charter Number:13067
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1959
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$27,474,483
CEO/Manager:Veronica Holweger
Chairperson:James Weisenberger

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,059,357
TOTAL INVESTMENTS 4,692,000
Loans Held for Sale 0
 
 Real Estate Loans 4,277,760
 Unsecured Loans 907,598
 Other Loans 10,128,514
 TOTAL LOANS 15,313,872
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -40,693
 Land And Building 183,371
 Other Fixed Assets 20,901
 NCUSIF Deposit 190,819
 All Other Assets 54,856
  TOTAL ASSETS 27,474,483
LIABILITIES & CAPITAL:  
 Dividends Payable 4
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 130,787
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,804,860
 Regular shares 17,261,334
 All Other Shares & Deposits 3,162,306
  TOTAL SHARES & DEPOSITS 24,228,500
  TOTAL LIABILITIES 24,359,291
 Regular Reserve 288,590
 Other Reserves 0
 Undivided Earnings 2,826,602
  TOTAL EQUITY 3,115,192
  TOTAL LIABILITIES, SHARES, & EQUITY 27,474,483
INCOME & EXPENSE  
 Loan Income 640,202
 Investment Income 86,610
 Other Income 159,969
 Total Employee Compensation & Benefits 299,300
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 373,862
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,711
 Cost of Funds 67,933
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 131,975
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