RIEGELWOOD FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.riegelwoodfcu.org for more information.
Sep, 30, 2025 — RIEGELWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in Riegelwood, NC with 2 branch locations and about $101.64 million in total assets. Opened 73 years ago in 1953, RIEGELWOOD FEDERAL CREDIT UNION has about 12,333 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIEGELWOOD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 183 John Riegel Rd Riegelwood, NC 28456 |
| Phone: | (910) 655-2274 |
| Fax: | (910) 655-3544 |
| Website: | https://www.riegelwoodfcu.org |
| Branches: | 2 branch locations |
| Members: | 12,333 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8660 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $101,641,969 |
| CEO/Manager: | June B Bigford |
| Chairperson: | Hugh C Gore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,081,754 |
| TOTAL INVESTMENTS | 13,659,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,305,856 |
| Unsecured Loans | 12,047,524 |
| Other Loans | 30,870,987 |
| TOTAL LOANS | 51,482,245 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -909,890 |
| Land And Building | 2,832,654 |
| Other Fixed Assets | 67,807 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 820,297 |
| All Other Assets | 608,102 |
| TOTAL ASSETS | 101,641,969 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,288,164 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,649,990 |
| Regular shares | 36,400,596 |
| All Other Shares & Deposits | 34,802,268 |
| TOTAL SHARES & DEPOSITS | 84,852,854 |
| TOTAL LIABILITIES | 87,141,018 |
| Regular Reserve | 3,074,966 |
| Other Reserves | 0 |
| Undivided Earnings | 11,425,985 |
| TOTAL EQUITY | 14,500,951 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 101,641,969 |
| INCOME & EXPENSE | |
| Loan Income | 3,918,031 |
| Investment Income | 236,345 |
| Other Income | 1,455,216 |
| Total Employee Compensation & Benefits | 1,727,180 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,764,544 |
| Non-operating Income & (Expense) | -84,399 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 492,524 |
| Cost of Funds | 242,537 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 298,408 |
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