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RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Richmond, IN with 1 branch location and about $1.09 million in total assets. Opened 67 years ago in 1954, RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION has about 184 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
Address:
(Main Office)
P.O. Box 908
Richmond, IN 47375-0908
Phone:(765) 973-7262
Fax:(765) 973-7319
Website:n/a
Branches:1 branch locations
Members:184
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,086,441
CEO/Manager:Robert Schroeder
Chairperson:Christy Fox

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 145,183
TOTAL INVESTMENTS 10,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 81,772
 Other Loans 841,080
 TOTAL LOANS 922,852
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,000
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 6,577
 All Other Assets 2,829
  TOTAL ASSETS 1,086,441
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 200,000
 Accounts Payable & Other Liabilities 636
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 660,303
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 660,303
  TOTAL LIABILITIES 860,939
 Regular Reserve 40,681
 Other Reserves 0
 Undivided Earnings 184,821
  TOTAL EQUITY 225,502
  TOTAL LIABILITIES, SHARES, & EQUITY 1,086,441
INCOME & EXPENSE  
 Loan Income 7,933
 Investment Income 57
 Other Income 365
 Total Employee Compensation & Benefits 3,021
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,877
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,049
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,444
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