Dec, 31, 2020 — RIO BLANCO SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in RANGELY, CO with 2 branch locations and about $6.89 million in total assets. Opened 62 years ago in 1959, RIO BLANCO SCHOOLS FEDERAL CREDIT UNION has about 745 members and employs 4 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 |
|---|---|
| Address: (Main Office) | 402 W MAIN ST STE 139 RANGELY, CO 81648 |
| Phone: | (970) 675-2372 |
| Fax: | (970) 675-5535 |
| Website: | http://www.rioblancoschoolsfcu.org |
| Branches: | 2 branch locations |
| Members: | 745 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13161 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Oct 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,892,137 |
| CEO/Manager: | Annette Webber |
| Chairperson: | Heath GeBauer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 794,669 |
| TOTAL INVESTMENTS | 2,257,112 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 414,480 |
| Other Loans | 3,409,595 |
| TOTAL LOANS | 3,824,075 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,990 |
| Land And Building | 0 |
| Other Fixed Assets | 1,148 |
| NCUSIF Deposit | 48,996 |
| All Other Assets | 15,127 |
| TOTAL ASSETS | 6,892,137 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,641 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,116,739 |
| All Other Shares & Deposits | 1,404,288 |
| TOTAL SHARES & DEPOSITS | 5,521,027 |
| TOTAL LIABILITIES | 5,536,668 |
| Regular Reserve | 102,706 |
| Other Reserves | 0 |
| Undivided Earnings | 1,252,763 |
| TOTAL EQUITY | 1,355,469 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,892,137 |
| INCOME & EXPENSE | |
| Loan Income | 212,475 |
| Investment Income | 31,033 |
| Other Income | 1,785 |
| Total Employee Compensation & Benefits | 93,548 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 75,370 |
| Non-operating Income & (Expense) | 5 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 26,365 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 50,015 |
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