Dec, 31, 2023 — RIVER REGION FEDERAL CREDIT UNION is a federal credit union headquartered in LUTCHER, LA with 1 branch location and about $36.95 million in total assets. Opened 64 years ago in 1960, RIVER REGION FEDERAL CREDIT UNION has about 2,442 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVER REGION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1625 Lutcher Ave LUTCHER, LA 70071 |
| Phone: | (225) 869-9762 |
| Fax: | (225) 869-9763 |
| Website: | https://riverregionfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,442 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13763 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,953,594 |
| CEO/Manager: | Gigi G Coneglio |
| Chairperson: | Lionel J Schexnayder Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,121,767 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,278,822 |
| Unsecured Loans | 743,375 |
| Other Loans | 7,649,773 |
| TOTAL LOANS | 10,671,970 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,395 |
| Land And Building | 481,007 |
| Other Fixed Assets | 42,489 |
| NCUSIF Deposit | 326,077 |
| All Other Assets | 0 |
| TOTAL ASSETS | 36,953,594 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 83,529 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,043,438 |
| Regular shares | 20,277,007 |
| All Other Shares & Deposits | 6,209,465 |
| TOTAL SHARES & DEPOSITS | 29,529,910 |
| TOTAL LIABILITIES | 29,613,439 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,340,155 |
| TOTAL EQUITY | 7,340,155 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,953,594 |
| INCOME & EXPENSE | |
| Loan Income | 460,583 |
| Investment Income | 793,107 |
| Other Income | 243,871 |
| Total Employee Compensation & Benefits | 566,853 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 577,715 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,739 |
| Cost of Funds | 195,341 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 168,726 |
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