Dec, 31, 2023 — RIO GRANDE CREDIT UNION is a federally insured state chartered credit union headquartered in ALBUQUERQUE, NM with 8 branch locations and about $611.93 million in total assets. Opened 72 years ago in 1952, RIO GRANDE CREDIT UNION has about 47,067 members and employs 146 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIO GRANDE CREDIT UNION |
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Address: (Main Office) | 1121 4th St NW ALBUQUERQUE, NM 87102 |
Phone: | (505) 262-1401 |
Fax: | |
Website: | https://riograndecu.org |
Branches: | 8 branch locations |
Members: | 47,067 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62573 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $611,932,367 |
CEO/Manager: | Christine Dawe |
Chairperson: | Dianne Brown |
ASSETS: | $ Amount |
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Cash & Equivalents | 32,829,962 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 108,269,959 |
Unsecured Loans | 53,194,970 |
Other Loans | 283,891,025 |
TOTAL LOANS | 446,707,706 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,955,235 |
Land And Building | 16,723,284 |
Other Fixed Assets | 2,360,822 |
NCUSIF Deposit | 4,344,634 |
All Other Assets | 300,840 |
TOTAL ASSETS | 611,932,367 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 12,772,621 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 88,332,038 |
Regular shares | 115,533,241 |
All Other Shares & Deposits | 335,537,273 |
TOTAL SHARES & DEPOSITS | 539,402,551 |
TOTAL LIABILITIES | 562,175,172 |
Regular Reserve | 0 |
Other Reserves | -5,903,369 |
Undivided Earnings | 55,660,564 |
TOTAL EQUITY | 49,757,195 |
TOTAL LIABILITIES, SHARES, & EQUITY | 611,932,367 |
INCOME & EXPENSE | |
Loan Income | 28,369,505 |
Investment Income | 2,491,239 |
Other Income | 4,030,566 |
Total Employee Compensation & Benefits | 12,559,816 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,912,709 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,760,900 |
Cost of Funds | 10,906,969 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,100,319 |
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