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RICHMOND CITY EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — RICHMOND CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Richmond, IN with 1 branch location and about $7.02 million in total assets. Opened 60 years ago in 1961, RICHMOND CITY EMPLOYEES FEDERAL CREDIT UNION has about 816 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
Address:
(Main Office)
50 North 5Th street
Richmond, IN 47374
Phone:(765) 983-7228
Fax:
Website:http://www.richmondcityefcu.org
Branches:1 branch locations
Members:816
Credit Union Type:Federal Credit Union
Charter Number:14768
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1961
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$7,023,587
CEO/Manager:Daniel Johnson
Chairperson:John Lackey

Call Report

  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 257,310
TOTAL INVESTMENTS 2,576,700
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 590,245
 Other Loans 3,541,078
 TOTAL LOANS 4,131,323
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,471
 Land And Building 0
 Other Fixed Assets 4,266
 NCUSIF Deposit 52,719
 All Other Assets 9,740
  TOTAL ASSETS 7,023,587
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,729
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 514,301
 Regular shares 4,545,801
 All Other Shares & Deposits 1,352,285
  TOTAL SHARES & DEPOSITS 6,412,387
  TOTAL LIABILITIES 6,419,116
 Regular Reserve 109,104
 Other Reserves 0
 Undivided Earnings 495,367
  TOTAL EQUITY 604,471
  TOTAL LIABILITIES, SHARES, & EQUITY 7,023,587
INCOME & EXPENSE  
 Loan Income 162,917
 Investment Income 56,101
 Other Income 37,116
 Total Employee Compensation & Benefits 119,009
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 97,465
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 26,000
 Cost of Funds 30,166
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -16,506
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