Mar, 31, 2022 — RAILWAY CREDIT UNION is a federally insured state chartered credit union headquartered in MANDAN, ND with 3 branch locations and about $157.19 million in total assets. Opened 68 years ago in 1954, RAILWAY CREDIT UNION has about 7,589 members and employs 24 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 |
|---|---|
| Address: (Main Office) | 1006 E Main St MANDAN, ND 58554-3762 |
| Phone: | (701) 667-9500 |
| Fax: | (701) 667-9600 |
| Website: | http://www.railwaycu.com |
| Branches: | 3 branch locations |
| Members: | 7,589 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60787 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $157,193,640 |
| CEO/Manager: | Paul J Brucker |
| Chairperson: | Douglas M Erhart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,619,551 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,007,358 |
| Unsecured Loans | 1,315,318 |
| Other Loans | 46,478,566 |
| TOTAL LOANS | 106,801,242 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -915,000 |
| Land And Building | 2,497,755 |
| Other Fixed Assets | 243,869 |
| NCUSIF Deposit | 1,178,023 |
| All Other Assets | 0 |
| TOTAL ASSETS | 157,193,640 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,525,326 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,791,529 |
| Regular shares | 68,200,471 |
| All Other Shares & Deposits | 43,086,250 |
| TOTAL SHARES & DEPOSITS | 135,078,250 |
| TOTAL LIABILITIES | 137,603,576 |
| Regular Reserve | 0 |
| Other Reserves | 8,000,000 |
| Undivided Earnings | 11,590,064 |
| TOTAL EQUITY | 19,590,064 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 157,193,640 |
| INCOME & EXPENSE | |
| Loan Income | 1,101,146 |
| Investment Income | 118,927 |
| Other Income | 209,711 |
| Total Employee Compensation & Benefits | 617,553 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 360,360 |
| Non-operating Income & (Expense) | 775 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,298 |
| Cost of Funds | 157,166 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 324,628 |
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