Dec, 31, 2023 — RIVERFRONT FEDERAL CREDIT UNION is a federal credit union headquartered in WYOMISSING, PA with 3 branch locations and about $293.11 million in total assets. Opened 76 years ago in 1948, RIVERFRONT FEDERAL CREDIT UNION has about 23,069 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIVERFRONT FEDERAL CREDIT UNION |
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Address: (Main Office) | 2609 Keiser Blvd WYOMISSING, PA 19610 |
Phone: | (610) 374-8351 |
Fax: | |
Website: | https://riverfrontfcu.org |
Branches: | 3 branch locations |
Members: | 23,069 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5856 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $293,114,976 |
CEO/Manager: | Tim McLeod |
Chairperson: | John Kline |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,826,986 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 119,133,742 |
Unsecured Loans | 29,617,629 |
Other Loans | 69,178,967 |
TOTAL LOANS | 217,930,338 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,520,928 |
Land And Building | 9,943,932 |
Other Fixed Assets | 1,112,256 |
NCUSIF Deposit | 2,552,289 |
All Other Assets | 3,650 |
TOTAL ASSETS | 293,114,976 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 15,565 |
Notes & Interest Payable | 4,131,896 |
Accounts Payable & Other Liabilities | 1,363,477 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 45,736,502 |
Regular shares | 76,854,963 |
All Other Shares & Deposits | 142,810,180 |
TOTAL SHARES & DEPOSITS | 265,401,645 |
TOTAL LIABILITIES | 270,912,583 |
Regular Reserve | 0 |
Other Reserves | -2,329,837 |
Undivided Earnings | 24,532,230 |
TOTAL EQUITY | 22,202,393 |
TOTAL LIABILITIES, SHARES, & EQUITY | 293,114,976 |
INCOME & EXPENSE | |
Loan Income | 10,688,666 |
Investment Income | 1,442,470 |
Other Income | 1,873,777 |
Total Employee Compensation & Benefits | 5,215,142 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,568,633 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,175,428 |
Cost of Funds | 3,227,090 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,322,856 |
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» See also Statement of Financial Condition