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RAVENSWOOD FEDERAL CREDIT UNION

Dec, 31, 2021 — RAVENSWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in RAVENSWOOD, WV with 2 branch locations and about $41.28 million in total assets. Opened 63 years ago in 1959, RAVENSWOOD FEDERAL CREDIT UNION has about 5,249 members and employs 17 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)
702 Washington St
RAVENSWOOD, WV 26164-1772
Phone:(304) 273-0515
Fax:(304) 273-0518
Website:http://www.rfcu.net
Branches:2 branch locations
Members:5,249
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:$41,279,654
CEO/Manager:Melissa Casto
Chairperson:Richard Massey

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,490,454
TOTAL INVESTMENTS 20,229,025
Loans Held for Sale 0
 
 Real Estate Loans 1,512,560
 Unsecured Loans 4,563,210
 Other Loans 11,115,273
 TOTAL LOANS 17,191,043
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -138,197
 Land And Building 1,687,932
 Other Fixed Assets 33,017
 NCUSIF Deposit 343,323
 All Other Assets 443,057
  TOTAL ASSETS 41,279,654
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 278,577
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,668,812
 Regular shares 25,284,068
 All Other Shares & Deposits 4,229,134
  TOTAL SHARES & DEPOSITS 37,182,014
  TOTAL LIABILITIES 37,460,591
 Regular Reserve 914,116
 Other Reserves -573,099
 Undivided Earnings 3,478,046
  TOTAL EQUITY 3,819,063
  TOTAL LIABILITIES, SHARES, & EQUITY 41,279,654
INCOME & EXPENSE  
 Loan Income 945,844
 Investment Income 274,898
 Other Income 236,763
 Total Employee Compensation & Benefits 915,858
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 691,631
 Non-operating Income & (Expense) 379,458
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 95,272
 Cost of Funds 49,876
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 293,384
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