Mar, 31, 2022 — RUSHMORE ELECTRIC FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $24.33 million in total assets. Opened 58 years ago in 1964, RUSHMORE ELECTRIC FEDERAL CREDIT UNION has about 1,508 members and employs 3 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 |
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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: | 1,508 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16444 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,334,800 |
CEO/Manager: | Pamela D Ferber |
Chairperson: | Rob Kaiser |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,255,471 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 873,745 |
Other Loans | 6,543,652 |
TOTAL LOANS | 7,417,397 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -137,680 |
Land And Building | 0 |
Other Fixed Assets | 5,534 |
NCUSIF Deposit | 194,069 |
All Other Assets | 0 |
TOTAL ASSETS | 24,334,800 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9,555 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 46,698 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,182,520 |
Regular shares | 8,076,333 |
All Other Shares & Deposits | 12,575,130 |
TOTAL SHARES & DEPOSITS | 21,833,983 |
TOTAL LIABILITIES | 21,890,236 |
Regular Reserve | 0 |
Other Reserves | 812,831 |
Undivided Earnings | 1,631,733 |
TOTAL EQUITY | 2,444,564 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,334,800 |
INCOME & EXPENSE | |
Loan Income | 85,078 |
Investment Income | 45,288 |
Other Income | 2,563 |
Total Employee Compensation & Benefits | 85,220 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 54,329 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -21,437 |
Cost of Funds | 13,454 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 52,139 |
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