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 |
| 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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