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RAVENSWOOD FEDERAL CREDIT UNION

Mar, 31, 2021 — RAVENSWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in RAVENSWOOD, WV with 3 branch locations and about $40.61 million in total assets. Opened 62 years ago in 1959, RAVENSWOOD FEDERAL CREDIT UNION has about 5,239 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.


ABA Routing Number: 251579403
Name:RAVENSWOOD FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 67
RAVENSWOOD, WV 26164
Phone:(304) 273-0515
Fax:(304) 273-0518
Website:http://www.rfcu.net
Branches:3 branch locations
Members:5,239
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:Feb 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$40,614,458
CEO/Manager:Melissa Casto
Chairperson:Richard Massey

Call Report

  • Overdraft Protection
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,160,230
TOTAL INVESTMENTS 18,991,025
Loans Held for Sale 0
 
 Real Estate Loans 1,419,612
 Unsecured Loans 4,287,621
 Other Loans 10,713,322
 TOTAL LOANS 16,420,555
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -149,644
 Land And Building 1,724,095
 Other Fixed Assets 34,109
 NCUSIF Deposit 300,402
 All Other Assets 133,686
  TOTAL ASSETS 40,614,458
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 234,516
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,480,143
 Regular shares 24,091,465
 All Other Shares & Deposits 4,366,817
  TOTAL SHARES & DEPOSITS 36,938,425
  TOTAL LIABILITIES 37,172,941
 Regular Reserve 914,116
 Other Reserves -636,866
 Undivided Earnings 3,164,267
  TOTAL EQUITY 3,441,517
  TOTAL LIABILITIES, SHARES, & EQUITY 40,614,458
INCOME & EXPENSE  
 Loan Income 229,417
 Investment Income 54,558
 Other Income 42,221
 Total Employee Compensation & Benefits 226,775
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 160,322
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 14,528
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -25,240
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