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RIVERSIDE COMMUNITY FEDERAL CREDIT UNION

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
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
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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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