Jun, 30, 2024 — CREDIT UNION OF RICHMOND INC is a federally insured state chartered credit union headquartered in RICHMOND, VA with 1 branch location and about $71.42 million in total assets. Opened 101 years ago in 1923, CREDIT UNION OF RICHMOND INC has about 5,402 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CREDIT UNION OF RICHMOND INC |
---|---|
Address: (Main Office) | 1601 Ownby Ln RICHMOND, VA 23220 |
Phone: | (804) 355-9684 |
Fax: | (804) 355-9725 |
Website: | https://www.curich.org |
Branches: | 1 branch locations |
Members: | 5,402 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66929 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1923 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $71,415,830 |
CEO/Manager: | Shirley Cooper |
Chairperson: | Alvin Strother |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 14,648,719 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,479,052 |
Unsecured Loans | 5,286,208 |
Other Loans | 17,100,107 |
TOTAL LOANS | 26,865,367 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -187,875 |
Land And Building | 1,403,461 |
Other Fixed Assets | 85,030 |
NCUSIF Deposit | 542,747 |
All Other Assets | 3,544 |
TOTAL ASSETS | 71,415,830 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,551,766 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,797,460 |
Regular shares | 32,908,983 |
All Other Shares & Deposits | 16,436,050 |
TOTAL SHARES & DEPOSITS | 59,142,493 |
TOTAL LIABILITIES | 60,694,259 |
Regular Reserve | 0 |
Other Reserves | -25,186 |
Undivided Earnings | 10,746,757 |
TOTAL EQUITY | 10,721,571 |
TOTAL LIABILITIES, SHARES, & EQUITY | 71,415,830 |
INCOME & EXPENSE | |
Loan Income | 1,370,273 |
Investment Income | 244,327 |
Other Income | 422,172 |
Total Employee Compensation & Benefits | 1,093,667 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,193,258 |
Non-operating Income & (Expense) | -51,753 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -21,968 |
Cost of Funds | 60,929 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 126,172 |
↑ Back to Top |