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RED RIVER EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — RED RIVER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, TX with 32 branch locations and about $1.40 billion in total assets. Opened 81 years ago in 1943, RED RIVER EMPLOYEES FEDERAL CREDIT UNION has about 118,485 members and employs 365 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 311989331
Name:RED RIVER EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
2700 A University Ave
TEXARKANA, TX 75503
Phone:(903) 735-3000
Fax:(903) 735-3150
Website:https://www.rrcu.com
Branches:32 branch locations
Members:118,485
Credit Union Type:Federal Credit Union
Charter Number:5029
Membership Type:Multiple common bond - Primarily military
Corporate Credit Union:No
Year Opened:1943
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$1,404,113,320
CEO/Manager:Bradley D Bailey
Chairperson:Fred E Milton

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 137,709,452
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 333,987,698
 Unsecured Loans 60,291,179
 Other Loans 641,281,156
 TOTAL LOANS 1,044,213,970
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,574,908
 Land And Building 24,370,884
 Other Fixed Assets 4,238,312
 NCUSIF Deposit 9,997,357
 All Other Assets 902,449
  TOTAL ASSETS 1,404,113,320
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 25,000,000
 Accounts Payable & Other Liabilities 9,613,299
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 204,416,737
 Regular shares 356,587,798
 All Other Shares & Deposits 625,531,186
  TOTAL SHARES & DEPOSITS 1,186,535,721
  TOTAL LIABILITIES 1,221,149,020
 Regular Reserve 0
 Other Reserves 1,414,230
 Undivided Earnings 181,550,070
  TOTAL EQUITY 182,964,300
  TOTAL LIABILITIES, SHARES, & EQUITY 1,404,113,320
INCOME & EXPENSE  
 Loan Income 57,449,649
 Investment Income 9,387,991
 Other Income 10,907,230
 Total Employee Compensation & Benefits 21,932,531
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 26,319,056
 Non-operating Income & (Expense) -145,905
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,830,901
 Cost of Funds 20,786,689
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 18,851,525
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