Dec, 31, 2023 — RIVERVIEW CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH SAINT PAUL, MN with 1 branch location and about $7.50 million in total assets. Opened 93 years ago in 1931, RIVERVIEW CREDIT UNION has about 503 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVERVIEW CREDIT UNION |
|---|---|
| Address: (Main Office) | 115 Hardman Ave S SOUTH SAINT PAUL, MN 55075-2421 |
| Phone: | (651) 224-4631 |
| Fax: | (651) 224-2048 |
| Website: | https://myrcu.com |
| Branches: | 1 branch locations |
| Members: | 503 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65448 |
|---|---|
| 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: | $7,498,185 |
| CEO/Manager: | Julia K Havens |
| Chairperson: | Tamara L Snaza |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 761,557 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,864,292 |
| Unsecured Loans | 61,213 |
| Other Loans | 2,771,143 |
| TOTAL LOANS | 6,696,648 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,482 |
| Land And Building | 0 |
| Other Fixed Assets | 3,208 |
| NCUSIF Deposit | 65,598 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,498,185 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,969 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,788 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 410,669 |
| Regular shares | 4,628,008 |
| All Other Shares & Deposits | 1,201,454 |
| TOTAL SHARES & DEPOSITS | 6,240,131 |
| TOTAL LIABILITIES | 6,262,888 |
| Regular Reserve | 0 |
| Other Reserves | 197,020 |
| Undivided Earnings | 1,038,277 |
| TOTAL EQUITY | 1,235,297 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,498,185 |
| INCOME & EXPENSE | |
| Loan Income | 293,706 |
| Investment Income | 36,704 |
| Other Income | 11,016 |
| Total Employee Compensation & Benefits | 186,887 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 107,917 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 36,022 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 54,344 |
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