Dec, 31, 2023 — RENO CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RENO, NV with 0 branch location and about $32.84 million in total assets. Opened 72 years ago in 1952, RENO CITY EMPLOYEES FEDERAL CREDIT UNION has about 1,798 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RENO CITY EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 386 Holcomb Ave RENO, NV 89502 |
Phone: | (775) 334-2038 |
Fax: | (775) 334-2440 |
Website: | https://www.rcefcu.com |
Branches: | 0 branch locations |
Members: | 1,798 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7907 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $32,844,240 |
CEO/Manager: | Valerie K Johnston |
Chairperson: | Patricia Marcuerquiaga |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,648,961 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,005,152 |
Unsecured Loans | 1,223,614 |
Other Loans | 12,098,567 |
TOTAL LOANS | 14,327,333 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,704 |
Land And Building | 127,079 |
Other Fixed Assets | 50,366 |
NCUSIF Deposit | 327,502 |
All Other Assets | 0 |
TOTAL ASSETS | 32,844,240 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 448 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 51,297 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,468,236 |
Regular shares | 21,542,307 |
All Other Shares & Deposits | 4,514,199 |
TOTAL SHARES & DEPOSITS | 29,524,742 |
TOTAL LIABILITIES | 29,576,487 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,267,753 |
TOTAL EQUITY | 3,267,753 |
TOTAL LIABILITIES, SHARES, & EQUITY | 32,844,240 |
INCOME & EXPENSE | |
Loan Income | 699,424 |
Investment Income | 455,115 |
Other Income | 81,922 |
Total Employee Compensation & Benefits | 416,528 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 512,117 |
Non-operating Income & (Expense) | 6,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,791 |
Cost of Funds | 69,577 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 182,056 |
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