Sep, 30, 2025 — RIVER VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in ADA, MI with 3 branch locations and about $117.85 million in total assets. Opened 61 years ago in 1965, RIVER VALLEY CREDIT UNION has about 9,372 members and employs 30 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) | 7177 Headley St SE ADA, MI 49301-9900 |
| Phone: | (616) 787-7481 |
| Fax: | (616) 676-8136 |
| Website: | https://www.myrivervalleycu.org |
| Branches: | 3 branch locations |
| Members: | 9,372 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62123 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $117,845,986 |
| CEO/Manager: | Janelle Franke |
| Chairperson: | Kurt Hansen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,294,704 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,843,065 |
| Unsecured Loans | 8,428,701 |
| Other Loans | 41,915,249 |
| TOTAL LOANS | 74,187,015 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -725,478 |
| Land And Building | 2,056,026 |
| Other Fixed Assets | 234,040 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,030,066 |
| All Other Assets | 0 |
| TOTAL ASSETS | 117,845,986 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,113,747 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,204,566 |
| Regular shares | 47,786,642 |
| All Other Shares & Deposits | 34,355,460 |
| TOTAL SHARES & DEPOSITS | 102,346,668 |
| TOTAL LIABILITIES | 103,460,415 |
| Regular Reserve | 0 |
| Other Reserves | 74,691 |
| Undivided Earnings | 14,310,880 |
| TOTAL EQUITY | 14,385,571 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,845,986 |
| INCOME & EXPENSE | |
| Loan Income | 3,153,010 |
| Investment Income | 783,647 |
| Other Income | 447,054 |
| Total Employee Compensation & Benefits | 1,726,026 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,778,517 |
| Non-operating Income & (Expense) | -62 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 200,200 |
| Cost of Funds | 750,652 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 706,556 |
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