Dec, 31, 2023 — RELIANCE CREDIT UNION is a federally insured state chartered credit union headquartered in KANSAS CITY, KS with 2 branch locations and about $27.55 million in total assets. Opened 93 years ago in 1931, RELIANCE CREDIT UNION has about 2,048 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RELIANCE CREDIT UNION |
|---|---|
| Address: (Main Office) | 540 Minnesota Ave KANSAS CITY, KS 66101 |
| Phone: | (913) 565-2506 |
| Fax: | (913) 273-1771 |
| Website: | https://www.reliancecu.org |
| Branches: | 2 branch locations |
| Members: | 2,048 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63169 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,551,048 |
| CEO/Manager: | Kenneth W Armstrong |
| Chairperson: | Dana Gilbert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,184,247 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,690,103 |
| Unsecured Loans | 981,616 |
| Other Loans | 8,707,025 |
| TOTAL LOANS | 12,378,744 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -156,757 |
| Land And Building | 0 |
| Other Fixed Assets | 35,825 |
| NCUSIF Deposit | 242,996 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,551,048 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,763 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 111,224 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,409,052 |
| Regular shares | 11,405,769 |
| All Other Shares & Deposits | 9,144,057 |
| TOTAL SHARES & DEPOSITS | 23,958,878 |
| TOTAL LIABILITIES | 24,085,865 |
| Regular Reserve | 0 |
| Other Reserves | 154,482 |
| Undivided Earnings | 3,310,701 |
| TOTAL EQUITY | 3,465,183 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,551,048 |
| INCOME & EXPENSE | |
| Loan Income | 729,917 |
| Investment Income | 148,081 |
| Other Income | 147,000 |
| Total Employee Compensation & Benefits | 401,394 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 417,129 |
| Non-operating Income & (Expense) | -34,839 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 165,487 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,149 |
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