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 |
| 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 |
| ↑ Back to Top | |