Dec, 31, 2023 — REGIONAL MEMBERS FEDERAL CREDIT UNION is a federal credit union headquartered in COLUMBUS, GA with 1 branch location and about $9.77 million in total assets. Opened 89 years ago in 1935, REGIONAL MEMBERS FEDERAL CREDIT UNION has about 1,276 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | REGIONAL MEMBERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 1044 15th ST COLUMBUS, GA 31901-2209 |
Phone: | (706) 323-4213 |
Fax: | (706) 323-4232 |
Website: | https://www.rmfcu.org |
Branches: | 1 branch locations |
Members: | 1,276 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 376 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,774,868 |
CEO/Manager: | BEVERLY M McCORMICK |
Chairperson: | Barry Forrest |
ASSETS: | $ Amount |
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Cash & Equivalents | 250,041 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 334,167 |
Unsecured Loans | 270,781 |
Other Loans | 5,893,925 |
TOTAL LOANS | 6,498,873 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,615 |
Land And Building | 23,038 |
Other Fixed Assets | 1,344 |
NCUSIF Deposit | 87,074 |
All Other Assets | 0 |
TOTAL ASSETS | 9,774,868 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 46,042 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 40,827 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 777,101 |
Regular shares | 4,791,948 |
All Other Shares & Deposits | 3,008,208 |
TOTAL SHARES & DEPOSITS | 8,577,257 |
TOTAL LIABILITIES | 8,664,126 |
Regular Reserve | 0 |
Other Reserves | 169,600 |
Undivided Earnings | 941,142 |
TOTAL EQUITY | 1,110,742 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,774,868 |
INCOME & EXPENSE | |
Loan Income | 394,511 |
Investment Income | 119,398 |
Other Income | 17,484 |
Total Employee Compensation & Benefits | 159,079 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 143,486 |
Non-operating Income & (Expense) | 4,800 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,300 |
Cost of Funds | 172,847 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 67,746 |
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