Dec, 31, 2023 — RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, IN with 1 branch location and about $1.25 million in total assets. Opened 70 years ago in 1954, RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION has about 153 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: | RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION |
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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: | 153 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17454 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,253,537 |
CEO/Manager: | Robert Schroeder |
Chairperson: | Christy Fox |
ASSETS: | $ Amount |
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Cash & Equivalents | 127,908 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 87,566 |
Other Loans | 1,025,569 |
TOTAL LOANS | 1,113,135 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,090 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 6,413 |
All Other Assets | 0 |
TOTAL ASSETS | 1,253,537 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 325,000 |
Accounts Payable & Other Liabilities | 4,640 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 682,058 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 682,058 |
TOTAL LIABILITIES | 1,011,698 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 241,839 |
TOTAL EQUITY | 241,839 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,253,537 |
INCOME & EXPENSE | |
Loan Income | 39,047 |
Investment Income | 1,433 |
Other Income | 1,350 |
Total Employee Compensation & Benefits | 11,778 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,496 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,850 |
Cost of Funds | 7,990 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -4,043 |
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» See also Statement of Financial Condition