Sep, 30, 2025 — MOUNTAIN RIVER CREDIT UNION is a federally insured state chartered credit union headquartered in SALIDA, CO with 3 branch locations and about $31.44 million in total assets. Opened 66 years ago in 1960, MOUNTAIN RIVER CREDIT UNION has about 3,056 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOUNTAIN RIVER CREDIT UNION |
|---|---|
| Address: (Main Office) | 205 E 3rd St SALIDA, CO 81201 |
| Phone: | (719) 539-2968 |
| Fax: | (719) 539-0868 |
| Website: | https://www.mountainrivercu.org |
| Branches: | 3 branch locations |
| Members: | 3,056 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63704 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,439,795 |
| CEO/Manager: | Steve R Jones |
| Chairperson: | Dan Short |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,241,027 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,224,119 |
| Unsecured Loans | 324,068 |
| Other Loans | 4,723,344 |
| TOTAL LOANS | 14,370,614 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,321 |
| Land And Building | 700,774 |
| Other Fixed Assets | 4,670 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 270,417 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,439,795 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,485 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 98,853 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,829,975 |
| Regular shares | 13,887,557 |
| All Other Shares & Deposits | 8,319,303 |
| TOTAL SHARES & DEPOSITS | 29,036,835 |
| TOTAL LIABILITIES | 29,150,173 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,289,622 |
| TOTAL EQUITY | 2,289,622 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,439,795 |
| INCOME & EXPENSE | |
| Loan Income | 694,241 |
| Investment Income | 233,417 |
| Other Income | 80,278 |
| Total Employee Compensation & Benefits | 476,582 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 515,967 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 145,026 |
| Cost of Funds | 168,551 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -107,214 |
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