Sep, 30, 2025 — RIVER VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in AMES, IA with 2 branch locations and about $113.05 million in total assets. Opened 65 years ago in 1961, RIVER VALLEY CREDIT UNION has about 6,679 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVER VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2811 E 13th St AMES, IA 50010 |
| Phone: | (515) 232-1654 |
| Fax: | (515) 232-4835 |
| Website: | https://www.rvcu.org |
| Branches: | 2 branch locations |
| Members: | 6,679 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61664 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $113,046,001 |
| CEO/Manager: | Brian D Godwin |
| Chairperson: | Jeffrey J Starnes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,207,305 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,175,045 |
| Unsecured Loans | 847,742 |
| Other Loans | 38,029,832 |
| TOTAL LOANS | 62,052,618 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,467 |
| Land And Building | 625,925 |
| Other Fixed Assets | 296,242 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 835,335 |
| All Other Assets | 0 |
| TOTAL ASSETS | 113,046,001 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 102,090 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 744,769 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,184,262 |
| Regular shares | 24,044,466 |
| All Other Shares & Deposits | 55,125,802 |
| TOTAL SHARES & DEPOSITS | 99,354,529 |
| TOTAL LIABILITIES | 100,201,388 |
| Regular Reserve | 0 |
| Other Reserves | 3,336,743 |
| Undivided Earnings | 9,507,870 |
| TOTAL EQUITY | 12,844,613 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 113,046,001 |
| INCOME & EXPENSE | |
| Loan Income | 2,499,209 |
| Investment Income | 1,342,206 |
| Other Income | 169,123 |
| Total Employee Compensation & Benefits | 960,539 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 830,470 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 199,932 |
| Cost of Funds | 1,355,116 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 769,022 |
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