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.
| 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 |
| 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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