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National Credit Union Service Organization

RAILWAY CREDIT UNION

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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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