Dec, 31, 2023 — RIM COUNTRY FEDERAL CREDIT UNION is a federal credit union headquartered in SNOWFLAKE, AZ with 1 branch location and about $22.39 million in total assets. Opened 60 years ago in 1964, RIM COUNTRY FEDERAL CREDIT UNION has about 2,141 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIM COUNTRY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 216 S Main St SNOWFLAKE, AZ 85937 |
| Phone: | (928) 536-7484 |
| Fax: | (928) 536-3349 |
| Website: | https://www.rimcountryfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,141 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16190 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,390,680 |
| CEO/Manager: | Debra Perkins |
| Chairperson: | Charles H Ballard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 510,492 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,817,241 |
| Unsecured Loans | 503,446 |
| Other Loans | 9,741,137 |
| TOTAL LOANS | 15,087,193 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,298 |
| Land And Building | 106,220 |
| Other Fixed Assets | 1,983 |
| NCUSIF Deposit | 218,895 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,390,680 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,792 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,196 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,668,296 |
| Regular shares | 12,987,684 |
| All Other Shares & Deposits | 4,253,050 |
| TOTAL SHARES & DEPOSITS | 19,909,030 |
| TOTAL LIABILITIES | 19,956,018 |
| Regular Reserve | 0 |
| Other Reserves | -42,470 |
| Undivided Earnings | 2,477,132 |
| TOTAL EQUITY | 2,434,662 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,390,680 |
| INCOME & EXPENSE | |
| Loan Income | 828,856 |
| Investment Income | 186,415 |
| Other Income | 52,468 |
| Total Employee Compensation & Benefits | 456,916 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 262,660 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,228 |
| Cost of Funds | 46,321 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 288,614 |
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