Dec, 31, 2023 — RIVERSIDE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MARION, IN with 2 branch locations and about $55.09 million in total assets. Opened 84 years ago in 1940, RIVERSIDE COMMUNITY FEDERAL CREDIT UNION has about 5,896 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIVERSIDE COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 101 N Washington St MARION, IN 46952 |
Phone: | (765) 662-3969 |
Fax: | (765) 668-3457 |
Website: | https://www.riversidecommunityfcu.org/ |
Branches: | 2 branch locations |
Members: | 5,896 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3775 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $55,086,871 |
CEO/Manager: | Timothy R Moorman |
Chairperson: | Jeffrey A Sands |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,490,110 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,954,489 |
Unsecured Loans | 3,187,335 |
Other Loans | 31,440,352 |
TOTAL LOANS | 45,582,176 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -144,841 |
Land And Building | 1,571,435 |
Other Fixed Assets | 48,248 |
NCUSIF Deposit | 445,536 |
All Other Assets | 5,000 |
TOTAL ASSETS | 55,086,871 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 28,585 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 74,621 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,337,949 |
Regular shares | 22,588,741 |
All Other Shares & Deposits | 19,049,361 |
TOTAL SHARES & DEPOSITS | 47,976,051 |
TOTAL LIABILITIES | 48,079,257 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,007,614 |
TOTAL EQUITY | 7,007,614 |
TOTAL LIABILITIES, SHARES, & EQUITY | 55,086,871 |
INCOME & EXPENSE | |
Loan Income | 2,425,619 |
Investment Income | 174,633 |
Other Income | 526,138 |
Total Employee Compensation & Benefits | 1,018,193 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,048,025 |
Non-operating Income & (Expense) | 33,849 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,660 |
Cost of Funds | 610,119 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 509,500 |
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