RICHMOND CITY EMPLOYEES FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.richmondcityefcu.org for more information.
Dec, 31, 2023 — RICHMOND CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Richmond, IN with 1 branch location and about $8.04 million in total assets. Opened 63 years ago in 1961, RICHMOND CITY EMPLOYEES FEDERAL CREDIT UNION has about 836 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RICHMOND CITY EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 50 North 5Th street Richmond, IN 47374 |
Phone: | (765) 983-7228 |
Fax: | |
Website: | https://www.richmondcityefcu.org |
Branches: | 1 branch locations |
Members: | 836 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14768 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jul 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,039,424 |
CEO/Manager: | Jayma Bright |
Chairperson: | John Lackey |
ASSETS: | $ Amount |
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Cash & Equivalents | 774,318 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 354,860 |
Other Loans | 6,577,348 |
TOTAL LOANS | 6,932,208 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,897 |
Land And Building | 0 |
Other Fixed Assets | 4,622 |
NCUSIF Deposit | 64,582 |
All Other Assets | 0 |
TOTAL ASSETS | 8,039,424 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,561 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 604,041 |
Regular shares | 6,749,965 |
All Other Shares & Deposits | 496,000 |
TOTAL SHARES & DEPOSITS | 7,850,006 |
TOTAL LIABILITIES | 7,852,567 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 186,857 |
TOTAL EQUITY | 186,857 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,039,424 |
INCOME & EXPENSE | |
Loan Income | 276,823 |
Investment Income | 2,310 |
Other Income | 56,221 |
Total Employee Compensation & Benefits | 120,094 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 134,720 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 554,682 |
Cost of Funds | 29,815 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -495,477 |
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