Dec, 31, 2023 — RIVER VALLEY CREDIT UNION is a non-federally insured state credit union headquartered in MIAMISBURG, OH with 7 branch locations and about $457.80 million in total assets. Opened 75 years ago in 1949, RIVER VALLEY CREDIT UNION has about 26,076 members and employs 87 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: | 26,076 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $457,795,819 |
| CEO/Manager: | John E Bowen |
| Chairperson: | Daniel J Gorman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,143,777 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 143,765,818 |
| Unsecured Loans | 12,642,992 |
| Other Loans | 207,268,641 |
| TOTAL LOANS | 363,677,452 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,586,063 |
| Land And Building | 4,202,605 |
| Other Fixed Assets | 282,931 |
| NCUSIF Deposit | 0 |
| All Other Assets | 178,480 |
| TOTAL ASSETS | 457,795,819 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 216,603 |
| Notes & Interest Payable | 23,209,914 |
| Accounts Payable & Other Liabilities | 4,194,112 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 78,980,511 |
| Regular shares | 114,478,942 |
| All Other Shares & Deposits | 192,355,983 |
| TOTAL SHARES & DEPOSITS | 385,815,436 |
| TOTAL LIABILITIES | 413,436,065 |
| Regular Reserve | 0 |
| Other Reserves | -806,150 |
| Undivided Earnings | 45,165,904 |
| TOTAL EQUITY | 44,359,754 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 457,795,819 |
| INCOME & EXPENSE | |
| Loan Income | 17,609,866 |
| Investment Income | 2,318,407 |
| Other Income | 2,338,217 |
| Total Employee Compensation & Benefits | 7,152,150 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,049,263 |
| Non-operating Income & (Expense) | 153,706 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,266,000 |
| Cost of Funds | 5,875,395 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,323,202 |
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