Sep, 30, 2025 — REDEEMER FEDERAL CREDIT UNION is a federal credit union headquartered in PLANO, TX with 1 branch location and about $4.66 million in total assets. Opened 11 years ago in 2015, REDEEMER FEDERAL CREDIT UNION has about 1,022 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: | REDEEMER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4160 W Spring Creek Pkwy PLANO, TX 75024 |
| Phone: | (903) 213-6010 |
| Fax: | (903) 900-4663 |
| Website: | https://www.redeemerfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,022 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24867 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 2015 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,663,639 |
| CEO/Manager: | Ayodele Adenugba |
| Chairperson: | Olugbenga J Kuye |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 613,274 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 342,885 |
| Other Loans | 1,407,164 |
| TOTAL LOANS | 1,750,049 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,186 |
| Land And Building | 0 |
| Other Fixed Assets | 54,757 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 24,329 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,663,639 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,361 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 67,837 |
| Regular shares | 2,673,090 |
| All Other Shares & Deposits | 398,596 |
| TOTAL SHARES & DEPOSITS | 3,139,524 |
| TOTAL LIABILITIES | 3,158,885 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,504,754 |
| TOTAL EQUITY | 1,504,754 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,663,639 |
| INCOME & EXPENSE | |
| Loan Income | 100,855 |
| Investment Income | 100,151 |
| Other Income | 27,995 |
| Total Employee Compensation & Benefits | 128,202 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 113,863 |
| Non-operating Income & (Expense) | 453 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 76,235 |
| Cost of Funds | 2,893 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -91,739 |
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