Jun, 30, 2024 — RURAL COOPERATIVES CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 2 branch locations and about $39.32 million in total assets. Opened 61 years ago in 1964, RURAL COOPERATIVES CREDIT UNION has about 3,681 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RURAL COOPERATIVES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1630 Lyndon Farm Ct Ste 201 LOUISVILLE, KY 40223 |
| Phone: | (800) 798-7228 |
| Fax: | (502) 456-4336 |
| Website: | https://rccu.com |
| Branches: | 2 branch locations |
| Members: | 3,681 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61693 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $39,323,629 |
| CEO/Manager: | Larry J Bischoff |
| Chairperson: | Jennie Phelps |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 822,099 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 454,058 |
| Unsecured Loans | 1,946,807 |
| Other Loans | 9,155,662 |
| TOTAL LOANS | 11,556,527 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,721 |
| Land And Building | 0 |
| Other Fixed Assets | 160,346 |
| NCUSIF Deposit | 343,729 |
| All Other Assets | 0 |
| TOTAL ASSETS | 39,323,629 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,623 |
| Notes & Interest Payable | 213,968 |
| Accounts Payable & Other Liabilities | 99,830 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,728,880 |
| Regular shares | 18,335,431 |
| All Other Shares & Deposits | 10,309,454 |
| TOTAL SHARES & DEPOSITS | 34,373,765 |
| TOTAL LIABILITIES | 34,702,186 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,621,443 |
| TOTAL EQUITY | 4,621,443 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,323,629 |
| INCOME & EXPENSE | |
| Loan Income | 464,860 |
| Investment Income | 229,767 |
| Other Income | 66,999 |
| Total Employee Compensation & Benefits | 587,581 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 365,313 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 48,845 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -74,374 |
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