Dec, 31, 2023 — RELIANT COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SODUS, NY with 10 branch locations and about $657.98 million in total assets. Opened 54 years ago in 1970, RELIANT COMMUNITY FEDERAL CREDIT UNION has about 45,733 members and employs 172 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RELIANT COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 10 Benton Pl SODUS, NY 14551-1157 |
Phone: | (315) 483-6936 |
Fax: | (315) 483-9716 |
Website: | https://www.reliantcu.com/ |
Branches: | 10 branch locations |
Members: | 45,733 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20258 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $657,979,691 |
CEO/Manager: | Pamela Heald |
Chairperson: | Jane E Slack |
ASSETS: | $ Amount |
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Cash & Equivalents | 47,993,174 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 267,589 |
Real Estate Loans | 215,715,224 |
Unsecured Loans | 77,701,583 |
Other Loans | 141,711,846 |
TOTAL LOANS | 446,228,445 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,308,012 |
Land And Building | 8,882,682 |
Other Fixed Assets | 2,884,842 |
NCUSIF Deposit | 5,801,698 |
All Other Assets | 34,160 |
TOTAL ASSETS | 657,979,691 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 134,813 |
Accounts Payable & Other Liabilities | 18,940,512 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 126,668,742 |
Regular shares | 145,978,057 |
All Other Shares & Deposits | 312,372,121 |
TOTAL SHARES & DEPOSITS | 585,018,920 |
TOTAL LIABILITIES | 604,094,245 |
Regular Reserve | 0 |
Other Reserves | -4,600,211 |
Undivided Earnings | 58,485,657 |
TOTAL EQUITY | 53,885,446 |
TOTAL LIABILITIES, SHARES, & EQUITY | 657,979,691 |
INCOME & EXPENSE | |
Loan Income | 23,624,792 |
Investment Income | 4,800,441 |
Other Income | 2,630,220 |
Total Employee Compensation & Benefits | 18,058,314 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,904,246 |
Non-operating Income & (Expense) | 158,333 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,164,000 |
Cost of Funds | 3,275,094 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,294,141 |
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