Sep, 30, 2025 — ROCKLAND EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SPRING VALLEY, NY with 3 branch locations and about $53.52 million in total assets. Opened 64 years ago in 1962, ROCKLAND EMPLOYEES FEDERAL CREDIT UNION has about 7,044 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ROCKLAND EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 170 Route 59 SPRING VALLEY, NY 10977 |
| Phone: | (845) 371-5804 |
| Fax: | (845) 371-2652 |
| Website: | https://www.refcu.org |
| Branches: | 3 branch locations |
| Members: | 7,044 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15080 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $53,517,964 |
| CEO/Manager: | Miriam Fernandez |
| Chairperson: | Basil Townsend |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,673,988 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,417,987 |
| Unsecured Loans | 12,977,273 |
| Other Loans | 13,366,415 |
| TOTAL LOANS | 42,761,675 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -373,184 |
| Land And Building | 1,359,469 |
| Other Fixed Assets | 155,586 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 442,915 |
| All Other Assets | 5,760 |
| TOTAL ASSETS | 53,517,964 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 849 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 632,718 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,774,418 |
| Regular shares | 35,141,083 |
| All Other Shares & Deposits | 1,236,029 |
| TOTAL SHARES & DEPOSITS | 44,151,529 |
| TOTAL LIABILITIES | 44,785,096 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,732,868 |
| TOTAL EQUITY | 8,732,868 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 53,517,964 |
| INCOME & EXPENSE | |
| Loan Income | 2,841,712 |
| Investment Income | 228,678 |
| Other Income | 453,261 |
| Total Employee Compensation & Benefits | 1,530,223 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,596,901 |
| Non-operating Income & (Expense) | 20,275 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 299,782 |
| Cost of Funds | 79,546 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 321,845 |
| ↑ Back to Top | |