Dec, 31, 2023 — ROCK VALLEY CREDIT UNION (RVCU) is a federally insured state chartered credit union headquartered in LOVES PARK, IL with 3 branch locations and about $155.85 million in total assets. Opened 56 years ago in 1968, ROCK VALLEY CREDIT UNION (RVCU) has about 15,646 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ROCK VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1201 Clifford Ave LOVES PARK, IL 61111 |
| Phone: | (815) 282-0300 |
| Fax: | (815) 877-8201 |
| Website: | https://www.rockvalleycreditunion.org/ |
| Branches: | 3 branch locations |
| Members: | 15,646 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68687 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $155,845,592 |
| CEO/Manager: | Darlyne Keller |
| Chairperson: | David Gill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,162,930 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 50,578,244 |
| Unsecured Loans | 6,361,861 |
| Other Loans | 64,364,353 |
| TOTAL LOANS | 121,304,458 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,391,771 |
| Land And Building | 2,932,610 |
| Other Fixed Assets | 862,532 |
| NCUSIF Deposit | 1,318,377 |
| All Other Assets | 0 |
| TOTAL ASSETS | 155,845,592 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 53,806 |
| Notes & Interest Payable | 3,500,000 |
| Accounts Payable & Other Liabilities | 1,995,785 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,357,827 |
| Regular shares | 65,730,885 |
| All Other Shares & Deposits | 39,703,168 |
| TOTAL SHARES & DEPOSITS | 133,791,880 |
| TOTAL LIABILITIES | 139,341,471 |
| Regular Reserve | 0 |
| Other Reserves | -659,244 |
| Undivided Earnings | 17,163,365 |
| TOTAL EQUITY | 16,504,121 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 155,845,592 |
| INCOME & EXPENSE | |
| Loan Income | 5,797,431 |
| Investment Income | 524,617 |
| Other Income | 1,453,194 |
| Total Employee Compensation & Benefits | 3,717,596 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,636,408 |
| Non-operating Income & (Expense) | 26,777 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 171,462 |
| Cost of Funds | 1,123,548 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 644,712 |
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