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.
Name: | RED RIVER EMPLOYEES FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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