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 |
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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 |
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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: | $23,941,217 |
CEO/Manager: | Pamela D Ferber |
Chairperson: | Rob Kaiser |
ASSETS: | $ Amount |
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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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