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ROCKLAND EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — ROCKLAND EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SPRING VALLEY, NY with 3 branch locations and about $45.46 million in total assets. Opened 59 years ago in 1962, ROCKLAND EMPLOYEES FEDERAL CREDIT UNION has about 6,538 members and employs 16 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 EAST CENTRAL AVENUE, ROUTE 59
SPRING VALLEY, NY 10977
Phone:(845) 371-5804
Fax:(845) 371-2652
Website:http://www.refcu.org
Branches:3 branch locations
Members:6,538
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$45,459,645
CEO/Manager:Miriam Fernandez
Chairperson:Basil Townsend

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,712,010
TOTAL INVESTMENTS 7,740,336
Loans Held for Sale 0
 
 Real Estate Loans 8,652,930
 Unsecured Loans 10,400,421
 Other Loans 11,119,044
 TOTAL LOANS 30,172,395
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -293,260
 Land And Building 1,448,400
 Other Fixed Assets 107,649
 NCUSIF Deposit 332,055
 All Other Assets 240,060
  TOTAL ASSETS 45,459,645
LIABILITIES & CAPITAL:  
 Dividends Payable 8
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 459,994
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,701,729
 Regular shares 32,630,675
 All Other Shares & Deposits 1,503,841
  TOTAL SHARES & DEPOSITS 39,836,245
  TOTAL LIABILITIES 40,296,247
 Regular Reserve 494,216
 Other Reserves 0
 Undivided Earnings 4,669,182
  TOTAL EQUITY 5,163,398
  TOTAL LIABILITIES, SHARES, & EQUITY 45,459,645
INCOME & EXPENSE  
 Loan Income 2,519,556
 Investment Income 58,005
 Other Income 747,153
 Total Employee Compensation & Benefits 1,272,628
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,327,218
 Non-operating Income & (Expense) 63,747
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 238,798
 Cost of Funds 30,524
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 519,293
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