Dec, 31, 2023 — RIO BLANCO SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in RANGELY, CO with 2 branch locations and about $7.58 million in total assets. Opened 65 years ago in 1959, RIO BLANCO SCHOOLS FEDERAL CREDIT UNION has about 780 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIO BLANCO SCHOOLS FEDERAL CREDIT UNION |
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Address: (Main Office) | 402 W Main St Ste 139 RANGELY, CO 81648 |
Phone: | (970) 675-2372 |
Fax: | (970) 675-5535 |
Website: | https://www.rioblancoschoolsfcu.org |
Branches: | 2 branch locations |
Members: | 780 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13161 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,580,020 |
CEO/Manager: | Annette Webber |
Chairperson: | Heath GeBauer |
ASSETS: | $ Amount |
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Cash & Equivalents | 882,312 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 409,217 |
Other Loans | 4,337,883 |
TOTAL LOANS | 4,747,102 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,454 |
Land And Building | 0 |
Other Fixed Assets | 8,435 |
NCUSIF Deposit | 70,392 |
All Other Assets | 0 |
TOTAL ASSETS | 7,580,020 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 156,858 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,361,815 |
All Other Shares & Deposits | 1,675,141 |
TOTAL SHARES & DEPOSITS | 6,036,958 |
TOTAL LIABILITIES | 6,193,816 |
Regular Reserve | 0 |
Other Reserves | 102,706 |
Undivided Earnings | 1,283,498 |
TOTAL EQUITY | 1,386,204 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,580,020 |
INCOME & EXPENSE | |
Loan Income | 352,001 |
Investment Income | 80,237 |
Other Income | 4,581 |
Total Employee Compensation & Benefits | 125,043 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 122,439 |
Non-operating Income & (Expense) | 20 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,000 |
Cost of Funds | 46,873 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 104,484 |
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