Sep, 30, 2025 — RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, IN with 1 branch location and about $1.27 million in total assets. Opened 72 years ago in 1954, RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION has about 150 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2000 US HIGHWAY 27 S RICHMOND, IN 47374 |
| Phone: | (765) 973-7262 |
| Fax: | (765) 973-7314 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 150 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17454 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,271,580 |
| CEO/Manager: | Robert Schroeder |
| Chairperson: | Christy Fox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 233,354 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 104,871 |
| Other Loans | 919,123 |
| TOTAL LOANS | 1,023,994 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,943 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,991 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,271,580 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 270,115 |
| Accounts Payable & Other Liabilities | 2,000 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 328,076 |
| All Other Shares & Deposits | 419,530 |
| TOTAL SHARES & DEPOSITS | 747,606 |
| TOTAL LIABILITIES | 1,019,721 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 251,859 |
| TOTAL EQUITY | 251,859 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,271,580 |
| INCOME & EXPENSE | |
| Loan Income | 43,862 |
| Investment Income | 345 |
| Other Income | 1,483 |
| Total Employee Compensation & Benefits | 7,329 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 11,079 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 18,860 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,502 |
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