Dec, 31, 2023 — RAILWAY CREDIT UNION is a federally insured state chartered credit union headquartered in MANDAN, ND with 3 branch locations and about $174.51 million in total assets. Opened 70 years ago in 1954, RAILWAY CREDIT UNION has about 8,121 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RAILWAY CREDIT UNION |
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Address: (Main Office) | 1006 E Main St MANDAN, ND 58554-3762 |
Phone: | (701) 667-9500 |
Fax: | (701) 667-9600 |
Website: | https://www.railwaycu.com |
Branches: | 3 branch locations |
Members: | 8,121 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60787 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $174,508,590 |
CEO/Manager: | Paul J Brucker |
Chairperson: | Douglas M Erhart |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,939,716 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 77,946,463 |
Unsecured Loans | 1,518,419 |
Other Loans | 50,872,545 |
TOTAL LOANS | 130,337,427 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,175,000 |
Land And Building | 3,509,938 |
Other Fixed Assets | 138,087 |
NCUSIF Deposit | 1,373,638 |
All Other Assets | 16,912 |
TOTAL ASSETS | 174,508,590 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,637,362 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,200,362 |
Regular shares | 53,844,174 |
All Other Shares & Deposits | 74,997,205 |
TOTAL SHARES & DEPOSITS | 152,041,741 |
TOTAL LIABILITIES | 153,699,103 |
Regular Reserve | 0 |
Other Reserves | -864,233 |
Undivided Earnings | 21,673,720 |
TOTAL EQUITY | 20,809,487 |
TOTAL LIABILITIES, SHARES, & EQUITY | 174,508,590 |
INCOME & EXPENSE | |
Loan Income | 6,490,698 |
Investment Income | 995,638 |
Other Income | 808,429 |
Total Employee Compensation & Benefits | 2,700,630 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,749,179 |
Non-operating Income & (Expense) | 1,825 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 270,722 |
Cost of Funds | 2,675,563 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,053,099 |
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