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RIVERFORK FEDERAL CREDIT UNION

Mar, 31, 2021 — RIVERFORK FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND FORKS, ND with 1 branch location and about $28.33 million in total assets. Opened 62 years ago in 1959, RIVERFORK FEDERAL CREDIT UNION has about 2,197 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:2,197
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:$28,332,751
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 8,947,750
TOTAL INVESTMENTS 4,444,000
Loans Held for Sale 0
 
 Real Estate Loans 3,810,608
 Unsecured Loans 771,778
 Other Loans 9,953,128
 TOTAL LOANS 14,535,514
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -45,788
 Land And Building 180,043
 Other Fixed Assets 18,924
 NCUSIF Deposit 190,819
 All Other Assets 61,489
  TOTAL ASSETS 28,332,751
LIABILITIES & CAPITAL:  
 Dividends Payable 17
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 115,639
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,850,993
 Regular shares 18,065,295
 All Other Shares & Deposits 3,156,184
  TOTAL SHARES & DEPOSITS 25,072,472
  TOTAL LIABILITIES 25,188,128
 Regular Reserve 288,590
 Other Reserves 0
 Undivided Earnings 2,856,033
  TOTAL EQUITY 3,144,623
  TOTAL LIABILITIES, SHARES, & EQUITY 28,332,751
INCOME & EXPENSE  
 Loan Income 152,071
 Investment Income 15,435
 Other Income 7,429
 Total Employee Compensation & Benefits 71,886
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 87,595
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,011
 Cost of Funds 14,911
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 29,431
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