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RUSHMORE ELECTRIC FEDERAL CREDIT UNION

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
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
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

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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