Jun, 30, 2024 — RIVER VALLEY CREDIT UNION is a non-federally insured state credit union headquartered in MIAMISBURG, OH with 7 branch locations and about $442.92 million in total assets. Opened 76 years ago in 1949, RIVER VALLEY CREDIT UNION has about 27,095 members and employs 93 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 VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 505 Earl Blvd MIAMISBURG, OH 45342 |
| Phone: | (937) 859-6260 |
| Fax: | (937) 859-4315 |
| Website: | https://www.rivervalleycu.org |
| Branches: | 7 branch locations |
| Members: | 27,095 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97109 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $442,918,897 |
| CEO/Manager: | John E Bowen |
| Chairperson: | Daniel J Gorman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,269,117 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 128,652,204 |
| Unsecured Loans | 12,305,420 |
| Other Loans | 213,753,233 |
| TOTAL LOANS | 354,710,857 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,747,980 |
| Land And Building | 4,359,668 |
| Other Fixed Assets | 219,865 |
| NCUSIF Deposit | 0 |
| All Other Assets | 121,498 |
| TOTAL ASSETS | 442,918,897 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 75,073 |
| Notes & Interest Payable | 17,764,495 |
| Accounts Payable & Other Liabilities | 3,714,193 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 90,100,042 |
| Regular shares | 144,327,534 |
| All Other Shares & Deposits | 148,476,932 |
| TOTAL SHARES & DEPOSITS | 382,904,508 |
| TOTAL LIABILITIES | 404,458,269 |
| Regular Reserve | 0 |
| Other Reserves | -1,039,836 |
| Undivided Earnings | 39,500,464 |
| TOTAL EQUITY | 38,460,628 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 442,918,897 |
| INCOME & EXPENSE | |
| Loan Income | 10,633,560 |
| Investment Income | 641,338 |
| Other Income | 1,508,058 |
| Total Employee Compensation & Benefits | 5,093,491 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,030,749 |
| Non-operating Income & (Expense) | 123,185 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 615,000 |
| Cost of Funds | 1,417,606 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,349,475 |
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