Dec, 31, 2023 — RIVERTRUST FEDERAL CREDIT UNION is a federal credit union headquartered in PEARL, MS with 1 branch location and about $167.05 million in total assets. Opened 89 years ago in 1935, RIVERTRUST FEDERAL CREDIT UNION has about 7,441 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVERTRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 409 Riverwind Dr PEARL, MS 39208-5917 |
| Phone: | (601) 664-2085 |
| Fax: | (601) 664-9717 |
| Website: | https://www.rivertrustfcu.com |
| Branches: | 1 branch locations |
| Members: | 7,441 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 473 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $167,049,743 |
| CEO/Manager: | Kevin Long |
| Chairperson: | Everett E Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,796,300 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,896,229 |
| Unsecured Loans | 1,795,692 |
| Other Loans | 46,110,973 |
| TOTAL LOANS | 91,637,708 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -272,017 |
| Land And Building | 1,793,999 |
| Other Fixed Assets | 293,513 |
| NCUSIF Deposit | 1,436,551 |
| All Other Assets | 4,327 |
| TOTAL ASSETS | 167,049,743 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 418,496 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 579,781 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,156,128 |
| Regular shares | 49,511,609 |
| All Other Shares & Deposits | 82,866,641 |
| TOTAL SHARES & DEPOSITS | 144,534,378 |
| TOTAL LIABILITIES | 145,532,655 |
| Regular Reserve | 0 |
| Other Reserves | -8,051,087 |
| Undivided Earnings | 29,568,175 |
| TOTAL EQUITY | 21,517,088 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 167,049,743 |
| INCOME & EXPENSE | |
| Loan Income | 3,864,714 |
| Investment Income | 1,539,421 |
| Other Income | 665,331 |
| Total Employee Compensation & Benefits | 1,764,266 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,935,153 |
| Non-operating Income & (Expense) | -17,514 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 226,712 |
| Cost of Funds | 2,140,045 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 59,136 |
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