Dec, 31, 2023 — RIVER TOWN FEDERAL CREDIT UNION is a federal credit union headquartered in FORT SMITH, AR with 1 branch location and about $19.05 million in total assets. Opened 66 years ago in 1958, RIVER TOWN FEDERAL CREDIT UNION has about 2,652 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVER TOWN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1001 S 21st St FORT SMITH, AR 72901-4007 |
| Phone: | (479) 784-5600 |
| Fax: | (479) 784-5606 |
| Website: | https://www.rivertownfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,652 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24257 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,050,506 |
| CEO/Manager: | Dianna Sharum |
| Chairperson: | William Loyd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,215,280 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 187,034 |
| Unsecured Loans | 802,033 |
| Other Loans | 11,105,996 |
| TOTAL LOANS | 12,095,065 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,519 |
| Land And Building | 750,295 |
| Other Fixed Assets | 33,362 |
| NCUSIF Deposit | 156,494 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,050,506 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 144,693 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,075,310 |
| Regular shares | 6,997,505 |
| All Other Shares & Deposits | 6,322,809 |
| TOTAL SHARES & DEPOSITS | 15,395,625 |
| TOTAL LIABILITIES | 15,540,323 |
| Regular Reserve | 0 |
| Other Reserves | 1,678,598 |
| Undivided Earnings | 1,831,585 |
| TOTAL EQUITY | 3,510,183 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,050,506 |
| INCOME & EXPENSE | |
| Loan Income | 657,845 |
| Investment Income | 159,313 |
| Other Income | 134,654 |
| Total Employee Compensation & Benefits | 361,446 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 442,057 |
| Non-operating Income & (Expense) | -989 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,371 |
| Cost of Funds | 182,403 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 91,593 |
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