Dec, 31, 2023 — RENO CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in RENO, NV with 0 branch location and about $32.84 million in total assets. Opened 72 years ago in 1952, RENO CITY EMPLOYEES FEDERAL CREDIT UNION has about 1,798 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RENO CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 386 Holcomb Ave RENO, NV 89502 |
| Phone: | (775) 334-2038 |
| Fax: | (775) 334-2440 |
| Website: | https://www.rcefcu.com |
| Branches: | 0 branch locations |
| Members: | 1,798 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7907 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,844,240 |
| CEO/Manager: | Valerie K Johnston |
| Chairperson: | Patricia Marcuerquiaga |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,648,961 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,005,152 |
| Unsecured Loans | 1,223,614 |
| Other Loans | 12,098,567 |
| TOTAL LOANS | 14,327,333 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,704 |
| Land And Building | 127,079 |
| Other Fixed Assets | 50,366 |
| NCUSIF Deposit | 327,502 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,844,240 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 448 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 51,297 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,468,236 |
| Regular shares | 21,542,307 |
| All Other Shares & Deposits | 4,514,199 |
| TOTAL SHARES & DEPOSITS | 29,524,742 |
| TOTAL LIABILITIES | 29,576,487 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,267,753 |
| TOTAL EQUITY | 3,267,753 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,844,240 |
| INCOME & EXPENSE | |
| Loan Income | 699,424 |
| Investment Income | 455,115 |
| Other Income | 81,922 |
| Total Employee Compensation & Benefits | 416,528 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 512,117 |
| Non-operating Income & (Expense) | 6,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,791 |
| Cost of Funds | 69,577 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 182,056 |
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