Dec, 31, 2023 — RIVERSIDE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in KANKAKEE, IL with 2 branch locations and about $41.82 million in total assets. Opened 48 years ago in 1976, RIVERSIDE COMMUNITY CREDIT UNION has about 3,561 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RIVERSIDE COMMUNITY CREDIT UNION |
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Address: (Main Office) | 185 N Fraser Ave KANKAKEE, IL 60901 |
Phone: | (815) 933-1101 |
Fax: | (815) 933-1181 |
Website: | https://www.riversidecu.com |
Branches: | 2 branch locations |
Members: | 3,561 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63791 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,822,777 |
CEO/Manager: | Melissa K Bayston |
Chairperson: | Dale R Tolly |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,071,285 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,492,278 |
Unsecured Loans | 2,335,843 |
Other Loans | 13,977,201 |
TOTAL LOANS | 19,805,323 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,251 |
Land And Building | 1,127,654 |
Other Fixed Assets | 27,784 |
NCUSIF Deposit | 386,445 |
All Other Assets | 0 |
TOTAL ASSETS | 41,822,777 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 25 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 345,274 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,160,984 |
Regular shares | 26,428,651 |
All Other Shares & Deposits | 2,674,620 |
TOTAL SHARES & DEPOSITS | 37,264,254 |
TOTAL LIABILITIES | 37,609,553 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,213,224 |
TOTAL EQUITY | 4,213,224 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,822,777 |
INCOME & EXPENSE | |
Loan Income | 941,793 |
Investment Income | 513,408 |
Other Income | 488,675 |
Total Employee Compensation & Benefits | 501,367 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 851,192 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 109,310 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 492,039 |
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