Dec, 31, 2023 — EL RENO R.I.L. CREDIT UNION is a federally insured state chartered credit union headquartered in EL RENO, OK with 1 branch location and about $40.16 million in total assets. Opened 90 years ago in 1934, EL RENO R.I.L. CREDIT UNION has about 4,891 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EL RENO R.I.L. CREDIT UNION |
|---|---|
| Address: (Main Office) | 320 S Rock Island Ave EL RENO, OK 73036 |
| Phone: | (405) 262-1463 |
| Fax: | (405) 262-9435 |
| Website: | https://www.rockislandcu.com |
| Branches: | 1 branch locations |
| Members: | 4,891 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62479 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,156,859 |
| CEO/Manager: | Griselda Spencer |
| Chairperson: | Robert McCray |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,162,922 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 517,319 |
| Unsecured Loans | 247,508 |
| Other Loans | 19,797,030 |
| TOTAL LOANS | 20,561,856 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,174 |
| Land And Building | 108,588 |
| Other Fixed Assets | 13,796 |
| NCUSIF Deposit | 400,070 |
| All Other Assets | 0 |
| TOTAL ASSETS | 40,156,859 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 276,908 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,140,561 |
| Regular shares | 17,792,193 |
| All Other Shares & Deposits | 10,162,095 |
| TOTAL SHARES & DEPOSITS | 35,094,850 |
| TOTAL LIABILITIES | 35,371,758 |
| Regular Reserve | 0 |
| Other Reserves | -623,069 |
| Undivided Earnings | 5,408,170 |
| TOTAL EQUITY | 4,785,101 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,156,859 |
| INCOME & EXPENSE | |
| Loan Income | 866,459 |
| Investment Income | 696,253 |
| Other Income | 240,652 |
| Total Employee Compensation & Benefits | 602,189 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 664,080 |
| Non-operating Income & (Expense) | 7,396 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 114,809 |
| Cost of Funds | 205,498 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 229,155 |
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