Dec, 31, 2023 — RIVER CITY FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 6 branch locations and about $145.34 million in total assets. Opened 88 years ago in 1936, RIVER CITY FEDERAL CREDIT UNION has about 14,576 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIVER CITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 610 Augusta SAN ANTONIO, TX 78215-1902 |
| Phone: | (210) 225-6866 |
| Fax: | (210) 978-8891 |
| Website: | https://www.rcityfcu.org |
| Branches: | 6 branch locations |
| Members: | 14,576 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 926 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $145,343,527 |
| CEO/Manager: | Jeff Ivey |
| Chairperson: | KEVIN RASCO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,212,902 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 42,540,238 |
| Unsecured Loans | 25,804,558 |
| Other Loans | 44,275,327 |
| TOTAL LOANS | 112,793,862 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,095,690 |
| Land And Building | 0 |
| Other Fixed Assets | 6,863,726 |
| NCUSIF Deposit | 1,070,812 |
| All Other Assets | 0 |
| TOTAL ASSETS | 145,343,527 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,200,000 |
| Accounts Payable & Other Liabilities | 6,966,072 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 14,300,000 |
| Share Drafts | 31,023,727 |
| Regular shares | 38,384,757 |
| All Other Shares & Deposits | 43,237,932 |
| TOTAL SHARES & DEPOSITS | 112,646,417 |
| TOTAL LIABILITIES | 137,112,489 |
| Regular Reserve | 0 |
| Other Reserves | -1,530,969 |
| Undivided Earnings | 9,762,007 |
| TOTAL EQUITY | 8,231,038 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 145,343,527 |
| INCOME & EXPENSE | |
| Loan Income | 7,245,178 |
| Investment Income | 425,796 |
| Other Income | 1,766,519 |
| Total Employee Compensation & Benefits | 4,828,015 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,462,468 |
| Non-operating Income & (Expense) | 3,601,693 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,074,942 |
| Cost of Funds | 1,049,994 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -943,506 |
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