Dec, 31, 2023 — RAILWAY CREDIT UNION is a federally insured state chartered credit union headquartered in MANDAN, ND with 3 branch locations and about $174.51 million in total assets. Opened 70 years ago in 1954, RAILWAY CREDIT UNION has about 8,121 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RAILWAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1006 E Main St MANDAN, ND 58554-3762 |
| Phone: | (701) 667-9500 |
| Fax: | (701) 667-9600 |
| Website: | https://www.railwaycu.com |
| Branches: | 3 branch locations |
| Members: | 8,121 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60787 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $174,508,590 |
| CEO/Manager: | Paul J Brucker |
| Chairperson: | Douglas M Erhart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,939,716 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 77,946,463 |
| Unsecured Loans | 1,518,419 |
| Other Loans | 50,872,545 |
| TOTAL LOANS | 130,337,427 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,175,000 |
| Land And Building | 3,509,938 |
| Other Fixed Assets | 138,087 |
| NCUSIF Deposit | 1,373,638 |
| All Other Assets | 16,912 |
| TOTAL ASSETS | 174,508,590 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,637,362 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,200,362 |
| Regular shares | 53,844,174 |
| All Other Shares & Deposits | 74,997,205 |
| TOTAL SHARES & DEPOSITS | 152,041,741 |
| TOTAL LIABILITIES | 153,699,103 |
| Regular Reserve | 0 |
| Other Reserves | -864,233 |
| Undivided Earnings | 21,673,720 |
| TOTAL EQUITY | 20,809,487 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 174,508,590 |
| INCOME & EXPENSE | |
| Loan Income | 6,490,698 |
| Investment Income | 995,638 |
| Other Income | 808,429 |
| Total Employee Compensation & Benefits | 2,700,630 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,749,179 |
| Non-operating Income & (Expense) | 1,825 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 270,722 |
| Cost of Funds | 2,675,563 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,053,099 |
| ↑ Back to Top | |