Sep, 30, 2025 — RIVERFALL CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCALOOSA, AL with 4 branch locations and about $189.95 million in total assets. Opened 73 years ago in 1953, RIVERFALL CREDIT UNION has about 14,287 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVERFALL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2520 6th St TUSCALOOSA, AL 35401-1702 |
| Phone: | (205) 759-1505 |
| Fax: | (205) 758-3696 |
| Website: | https://www.riverfallcu.com |
| Branches: | 4 branch locations |
| Members: | 14,287 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60942 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $189,952,831 |
| CEO/Manager: | Scott Ryan |
| Chairperson: | Gregory N Guy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 49,280,916 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,066,294 |
| Unsecured Loans | 3,851,479 |
| Other Loans | 55,427,653 |
| TOTAL LOANS | 88,502,854 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -805,708 |
| Land And Building | 5,706,475 |
| Other Fixed Assets | 751,404 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,544,641 |
| All Other Assets | 382,469 |
| TOTAL ASSETS | 189,952,831 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 844,662 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,648,562 |
| Regular shares | 52,242,733 |
| All Other Shares & Deposits | 91,520,158 |
| TOTAL SHARES & DEPOSITS | 171,411,453 |
| TOTAL LIABILITIES | 172,256,115 |
| Regular Reserve | 0 |
| Other Reserves | -4,233,274 |
| Undivided Earnings | 21,929,990 |
| TOTAL EQUITY | 17,696,716 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 189,952,831 |
| INCOME & EXPENSE | |
| Loan Income | 4,287,745 |
| Investment Income | 2,034,989 |
| Other Income | 1,206,537 |
| Total Employee Compensation & Benefits | 1,805,016 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,868,343 |
| Non-operating Income & (Expense) | -164,622 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 340,077 |
| Cost of Funds | 2,807,706 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 296,833 |
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