Sep, 30, 2025 — RUSHMORE ELECTRIC FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $27.85 million in total assets. Opened 62 years ago in 1964, RUSHMORE ELECTRIC FEDERAL CREDIT UNION has about 1,432 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) | 1805 Cambell St RAPID CITY, SD 57701 |
| Phone: | (605) 342-9451 |
| Fax: | (605) 791-2496 |
| Website: | https://www.refcu.coop |
| Branches: | 1 branch locations |
| Members: | 1,432 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16444 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Oct 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,845,290 |
| CEO/Manager: | Sherri Morford |
| Chairperson: | Chris Rahn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,592,912 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 983,937 |
| Other Loans | 6,566,169 |
| TOTAL LOANS | 7,550,106 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -80,880 |
| Land And Building | 0 |
| Other Fixed Assets | 917 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 185,631 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,845,290 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 93,029 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 57,392 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,549,754 |
| Regular shares | 5,671,169 |
| All Other Shares & Deposits | 17,722,464 |
| TOTAL SHARES & DEPOSITS | 24,943,387 |
| TOTAL LIABILITIES | 25,093,808 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,751,482 |
| TOTAL EQUITY | 2,751,482 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,845,290 |
| INCOME & EXPENSE | |
| Loan Income | 375,073 |
| Investment Income | 391,907 |
| Other Income | 8,049 |
| Total Employee Compensation & Benefits | 216,122 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 208,521 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 287,754 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 126,082 |
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