Sep, 30, 2025 — RAVENSWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in RAVENSWOOD, WV with 2 branch locations and about $46.22 million in total assets. Opened 67 years ago in 1959, RAVENSWOOD FEDERAL CREDIT UNION has about 5,404 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RAVENSWOOD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 702 Washington St RAVENSWOOD, WV 26164-1772 |
| Phone: | (304) 273-0515 |
| Fax: | (304) 273-0518 |
| Website: | https://www.rfcu.net |
| Branches: | 2 branch locations |
| Members: | 5,404 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13321 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Nov 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $46,215,048 |
| CEO/Manager: | Melissa Casto |
| Chairperson: | Richard Massey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,536,201 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,309,944 |
| Unsecured Loans | 5,330,601 |
| Other Loans | 10,684,670 |
| TOTAL LOANS | 18,325,215 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -198,867 |
| Land And Building | 1,507,115 |
| Other Fixed Assets | 96,049 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 397,490 |
| All Other Assets | 0 |
| TOTAL ASSETS | 46,215,048 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -9,243 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,408,648 |
| Regular shares | 24,510,887 |
| All Other Shares & Deposits | 8,648,545 |
| TOTAL SHARES & DEPOSITS | 41,568,080 |
| TOTAL LIABILITIES | 41,558,837 |
| Regular Reserve | 0 |
| Other Reserves | -122,148 |
| Undivided Earnings | 4,778,359 |
| TOTAL EQUITY | 4,656,211 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 46,215,048 |
| INCOME & EXPENSE | |
| Loan Income | 1,018,949 |
| Investment Income | 577,249 |
| Other Income | 220,898 |
| Total Employee Compensation & Benefits | 753,274 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 627,133 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 87,498 |
| Cost of Funds | 271,042 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 268,248 |
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