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RUSHMORE ELECTRIC FEDERAL CREDIT UNION

Mar, 31, 2021 — RUSHMORE ELECTRIC FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $23.36 million in total assets. Opened 57 years ago in 1964, RUSHMORE ELECTRIC FEDERAL CREDIT UNION has about 1,535 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RUSHMORE ELECTRIC FEDERAL CREDIT UNION
Address:
(Main Office)
1715 CAMBELL ST
RAPID CITY, SD 57701
Phone:(605) 342-9451
Fax:
Website:http://www.refcu.coop
Branches:1 branch locations
Members:1,535
Credit Union Type:Federal Credit Union
Charter Number:16444
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1964
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$23,358,889
CEO/Manager:Pamela D Ferber
Chairperson:Rob Kaiser

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,342,802
TOTAL INVESTMENTS 14,326,585
Loans Held for Sale 0
 
 Real Estate Loans 6,834
 Unsecured Loans 867,632
 Other Loans 6,549,344
 TOTAL LOANS 7,423,810
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,016
 Land And Building 0
 Other Fixed Assets 1,592
 NCUSIF Deposit 180,713
 All Other Assets 97,403
  TOTAL ASSETS 23,358,889
LIABILITIES & CAPITAL:  
 Dividends Payable 22,561
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 30,059
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,103,014
 Regular shares 7,422,403
 All Other Shares & Deposits 12,439,684
  TOTAL SHARES & DEPOSITS 20,965,101
  TOTAL LIABILITIES 21,017,721
 Regular Reserve 760,692
 Other Reserves 0
 Undivided Earnings 1,580,476
  TOTAL EQUITY 2,341,168
  TOTAL LIABILITIES, SHARES, & EQUITY 23,358,889
INCOME & EXPENSE  
 Loan Income 90,292
 Investment Income 51,016
 Other Income 1,884
 Total Employee Compensation & Benefits 100,124
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 46,084
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 27,598
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -12,911
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