Dec, 31, 2023 — RAVENSWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in RAVENSWOOD, WV with 2 branch locations and about $43.14 million in total assets. Opened 65 years ago in 1959, RAVENSWOOD FEDERAL CREDIT UNION has about 5,354 members and employs 14 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 |
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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: | 5,354 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13321 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $43,139,455 |
CEO/Manager: | Melissa Casto |
Chairperson: | Richard Massey |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,084,011 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,766,222 |
Unsecured Loans | 5,486,417 |
Other Loans | 13,072,495 |
TOTAL LOANS | 20,325,134 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -178,071 |
Land And Building | 1,591,497 |
Other Fixed Assets | 75,727 |
NCUSIF Deposit | 376,753 |
All Other Assets | 18,672 |
TOTAL ASSETS | 43,139,455 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 52,536 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,259,188 |
Regular shares | 23,741,922 |
All Other Shares & Deposits | 6,777,050 |
TOTAL SHARES & DEPOSITS | 38,778,160 |
TOTAL LIABILITIES | 38,830,696 |
Regular Reserve | 0 |
Other Reserves | -138,449 |
Undivided Earnings | 4,447,208 |
TOTAL EQUITY | 4,308,759 |
TOTAL LIABILITIES, SHARES, & EQUITY | 43,139,455 |
INCOME & EXPENSE | |
Loan Income | 1,142,067 |
Investment Income | 32,642 |
Other Income | 255,856 |
Total Employee Compensation & Benefits | 809,711 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 685,628 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,316 |
Cost of Funds | 281,382 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 227,012 |
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