Sep, 30, 2025 — RIVERLAND FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 8 branch locations and about $303.68 million in total assets. Opened 48 years ago in 1978, RIVERLAND FEDERAL CREDIT UNION has about 16,339 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVERLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 639 Loyola Ave Ste 220 NEW ORLEANS, LA 70113-3130 |
| Phone: | (504) 576-5800 |
| Fax: | (504) 576-5805 |
| Website: | https://www.riverlandfcu.org |
| Branches: | 8 branch locations |
| Members: | 16,339 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24860 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $303,681,001 |
| CEO/Manager: | George Lunsford |
| Chairperson: | Brian Burns |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,466,443 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 72,728,311 |
| Unsecured Loans | 59,757,220 |
| Other Loans | 127,008,475 |
| TOTAL LOANS | 259,494,007 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,043,768 |
| Land And Building | 0 |
| Other Fixed Assets | 3,411,347 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,252,268 |
| All Other Assets | 20,645 |
| TOTAL ASSETS | 303,681,001 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,108 |
| Notes & Interest Payable | 19,000,000 |
| Accounts Payable & Other Liabilities | 7,994,038 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,714,248 |
| Regular shares | 54,735,104 |
| All Other Shares & Deposits | 148,408,835 |
| TOTAL SHARES & DEPOSITS | 232,858,187 |
| TOTAL LIABILITIES | 259,858,333 |
| Regular Reserve | 0 |
| Other Reserves | 3,779,884 |
| Undivided Earnings | 40,042,784 |
| TOTAL EQUITY | 43,822,668 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 303,681,001 |
| INCOME & EXPENSE | |
| Loan Income | 11,574,614 |
| Investment Income | 917,456 |
| Other Income | 1,331,400 |
| Total Employee Compensation & Benefits | 4,516,753 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,738,952 |
| Non-operating Income & (Expense) | -2,261 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 513,565 |
| Cost of Funds | 4,566,755 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,223,464 |
| ↑ Back to Top | |