RIVERSIDE HEALTH SYSTEM EMPLOYEES' CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.rhsecu.org for more information.
Dec, 31, 2023 — RIVERSIDE HEALTH SYSTEM EMPLOYEES' CREDIT UNION is a federally insured state chartered credit union headquartered in Newport News, VA with 1 branch location and about $8.00 million in total assets. Opened 54 years ago in 1970, RIVERSIDE HEALTH SYSTEM EMPLOYEES' CREDIT UNION has about 2,234 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVERSIDE HEALTH SYSTEM EMPLOYEES' CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 J Clyde Morris Blvd Newport News, VA 23601-1929 |
| Phone: | (757) 594-2030 |
| Fax: | (757) 594-3644 |
| Website: | https://www.rhsecu.org |
| Branches: | 1 branch locations |
| Members: | 2,234 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62418 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Sep 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,995,432 |
| CEO/Manager: | Heidi M Lewis |
| Chairperson: | Patrick Forys |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,956,915 |
| TOTAL INVESTMENTS | 289,456 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 242,190 |
| Other Loans | 2,460,587 |
| TOTAL LOANS | 2,702,777 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,299 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 58,153 |
| All Other Assets | 6,430 |
| TOTAL ASSETS | 7,995,432 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,134 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 348,560 |
| Regular shares | 6,620,817 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,969,377 |
| TOTAL LIABILITIES | 6,997,511 |
| Regular Reserve | 73,483 |
| Other Reserves | 0 |
| Undivided Earnings | 924,438 |
| TOTAL EQUITY | 997,921 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,995,432 |
| INCOME & EXPENSE | |
| Loan Income | 46,472 |
| Investment Income | 1,559 |
| Other Income | 15,937 |
| Total Employee Compensation & Benefits | 47,830 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 285,331 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 788 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -269,981 |
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