Dec, 31, 2023 — RIG EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MACON, GA with 1 branch location and about $6.82 million in total assets. Opened 75 years ago in 1949, RIG EMPLOYEES CREDIT UNION has about 622 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RIG EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Graphic Packaging Int Way MACON, GA 31206 |
| Phone: | (478) 784-3627 |
| Fax: | (478) 784-3657 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 622 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60582 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,815,022 |
| CEO/Manager: | Tracy Simmons |
| Chairperson: | John Frazier |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 311,583 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 264,837 |
| Other Loans | 2,890,258 |
| TOTAL LOANS | 3,155,095 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,937 |
| Land And Building | 0 |
| Other Fixed Assets | 12,454 |
| NCUSIF Deposit | 53,684 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,815,022 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 580 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,700 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,468,867 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,468,867 |
| TOTAL LIABILITIES | 4,481,147 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,333,875 |
| TOTAL EQUITY | 2,333,875 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,815,022 |
| INCOME & EXPENSE | |
| Loan Income | 145,534 |
| Investment Income | 54,150 |
| Other Income | 2,313 |
| Total Employee Compensation & Benefits | 111,408 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 74,929 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,592 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,771 |
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