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RUSHMORE ELECTRIC FEDERAL CREDIT UNION

Jun, 30, 2024 — RUSHMORE ELECTRIC FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 1 branch location and about $23.94 million in total assets. Opened 60 years ago in 1964, RUSHMORE ELECTRIC FEDERAL CREDIT UNION has about 1,506 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:https://www.refcu.coop
Branches:1 branch locations
Members:1,506
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:$23,941,217
CEO/Manager:Pamela D Ferber
Chairperson:Rob Kaiser

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 351,964
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 904,049
 Other Loans 6,617,875
 TOTAL LOANS 7,521,924
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -81,031
 Land And Building 0
 Other Fixed Assets 3,926
 NCUSIF Deposit 210,227
 All Other Assets 0
  TOTAL ASSETS 23,941,217
LIABILITIES & CAPITAL:  
 Dividends Payable 6,909
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 37,489
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,251,764
 Regular shares 8,107,073
 All Other Shares & Deposits 12,019,358
  TOTAL SHARES & DEPOSITS 21,378,195
  TOTAL LIABILITIES 21,422,593
 Regular Reserve 0
 Other Reserves 886,891
 Undivided Earnings 1,631,733
  TOTAL EQUITY 2,518,624
  TOTAL LIABILITIES, SHARES, & EQUITY 23,941,217
INCOME & EXPENSE  
 Loan Income 255,090
 Investment Income 151,029
 Other Income 9,540
 Total Employee Compensation & Benefits 260,571
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 163,144
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -78,086
 Cost of Funds 36,618
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 126,199
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