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RIVER VALLEY CREDIT UNION

Jun, 30, 2021 — RIVER VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in Brattleboro, VT with 5 branch locations and about $154.89 million in total assets. Opened 75 years ago in 1946, RIVER VALLEY CREDIT UNION has about 18,714 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RIVER VALLEY CREDIT UNION
Address:
(Main Office)
PO Box 8366, 820 Putney Rd
Brattleboro, VT 05304
Phone:(802) 254-4800
Fax:(802) 254-2191
Website:http://www.rivercu.com
Branches:5 branch locations
Members:18,714
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64365
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1946
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$154,893,361
CEO/Manager:Jeffrey J Morse
Chairperson:Mike Cooney

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 38,577,732
TOTAL INVESTMENTS 346,600
Loans Held for Sale 0
 
 Real Estate Loans 77,078,101
 Unsecured Loans 8,004,336
 Other Loans 25,035,148
 TOTAL LOANS 110,605,836
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -980,836
 Land And Building 4,131,044
 Other Fixed Assets 313,388
 NCUSIF Deposit 1,092,109
 All Other Assets 807,488
  TOTAL ASSETS 154,893,361
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 758,806
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 35,063,288
 Regular shares 81,042,753
 All Other Shares & Deposits 26,256,108
  TOTAL SHARES & DEPOSITS 142,362,149
  TOTAL LIABILITIES 143,120,955
 Regular Reserve 1,522,193
 Other Reserves 0
 Undivided Earnings 10,250,213
  TOTAL EQUITY 11,772,406
  TOTAL LIABILITIES, SHARES, & EQUITY 154,893,361
INCOME & EXPENSE  
 Loan Income 4,658,804
 Investment Income 40,847
 Other Income 1,665,392
 Total Employee Compensation & Benefits 2,942,320
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,982,524
 Non-operating Income & (Expense) 1,634
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 606,500
 Cost of Funds 364,371
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 470,962
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