Jun, 30, 2024 — RELIANCE CREDIT UNION is a federally insured state chartered credit union headquartered in KANSAS CITY, KS with 2 branch locations and about $29.67 million in total assets. Opened 94 years ago in 1931, RELIANCE CREDIT UNION has about 2,204 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 |
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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: | 2,204 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63169 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1931 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,669,617 |
CEO/Manager: | Kenneth W Armstrong |
Chairperson: | Dana Gilbert |
ASSETS: | $ Amount |
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Cash & Equivalents | 717,889 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,806,571 |
Unsecured Loans | 1,169,230 |
Other Loans | 7,625,127 |
TOTAL LOANS | 11,600,928 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -186,127 |
Land And Building | 0 |
Other Fixed Assets | 46,208 |
NCUSIF Deposit | 244,619 |
All Other Assets | 0 |
TOTAL ASSETS | 29,669,617 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,126 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 258,043 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,271,762 |
Regular shares | 12,671,801 |
All Other Shares & Deposits | 9,983,783 |
TOTAL SHARES & DEPOSITS | 25,927,346 |
TOTAL LIABILITIES | 26,190,515 |
Regular Reserve | 0 |
Other Reserves | 154,482 |
Undivided Earnings | 3,324,620 |
TOTAL EQUITY | 3,479,102 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,669,617 |
INCOME & EXPENSE | |
Loan Income | 428,347 |
Investment Income | 131,198 |
Other Income | 104,137 |
Total Employee Compensation & Benefits | 326,872 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 319,923 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 46,178 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -29,291 |
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