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RENO CITY EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — RENO CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RENO, NV with 0 branch location and about $36.29 million in total assets. Opened 69 years ago in 1952, RENO CITY EMPLOYEES FEDERAL CREDIT UNION has about 1,995 members and employs 4 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
Address:
(Main Office)
386 HOLCOMB AVE
RENO, NV 89502
Phone:(775) 334-2038
Fax:(775) 334-2440
Website:http://rcefcu.com
Branches:0 branch locations
Members:1,995
Credit Union Type:Federal Credit Union
Charter Number:7907
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1952
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$36,287,359
CEO/Manager:Valerie K Johnston
Chairperson:Barbara Korosa

Call Report

  • Credit Builder
  • Micro Consumer Loans
  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,674,652
TOTAL INVESTMENTS 18,102,148
Loans Held for Sale 0
 
 Real Estate Loans 2,422,967
 Unsecured Loans 893,556
 Other Loans 5,608,242
 TOTAL LOANS 8,924,765
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -57,348
 Land And Building 181,531
 Other Fixed Assets 67,810
 NCUSIF Deposit 289,698
 All Other Assets 104,103
  TOTAL ASSETS 36,287,359
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 30,403
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,220,369
 Regular shares 26,537,671
 All Other Shares & Deposits 3,592,658
  TOTAL SHARES & DEPOSITS 33,350,698
  TOTAL LIABILITIES 33,381,101
 Regular Reserve 603,937
 Other Reserves 0
 Undivided Earnings 2,302,321
  TOTAL EQUITY 2,906,258
  TOTAL LIABILITIES, SHARES, & EQUITY 36,287,359
INCOME & EXPENSE  
 Loan Income 122,848
 Investment Income 45,239
 Other Income 15,942
 Total Employee Compensation & Benefits 69,848
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 103,517
 Non-operating Income & (Expense) 1,008
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 13,222
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 195
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