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.
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: | http://www.rfcu.net |
Branches: | 2 branch locations |
Members: | 5,249 |
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: | Feb 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,279,654 |
CEO/Manager: | Melissa Casto |
Chairperson: | Richard Massey |
ASSETS: | $ Amount |
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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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