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RAVENSWOOD FEDERAL CREDIT UNION

Dec, 31, 2023 — RAVENSWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in RAVENSWOOD, WV with 2 branch locations and about $43.14 million in total assets. Opened 65 years ago in 1959, RAVENSWOOD FEDERAL CREDIT UNION has about 5,354 members and employs 14 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: 251579403
Name:RAVENSWOOD FEDERAL CREDIT UNION
Address:
(Main Office)
702 Washington St
RAVENSWOOD, WV 26164-1772
Phone:(304) 273-0515
Fax:(304) 273-0518
Website:https://www.rfcu.net
Branches:2 branch locations
Members:5,354
Credit Union Type:Federal Credit Union
Charter Number:13321
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1959
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$43,139,455
CEO/Manager:Melissa Casto
Chairperson:Richard Massey

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,084,011
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,766,222
 Unsecured Loans 5,486,417
 Other Loans 13,072,495
 TOTAL LOANS 20,325,134
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -178,071
 Land And Building 1,591,497
 Other Fixed Assets 75,727
 NCUSIF Deposit 376,753
 All Other Assets 18,672
  TOTAL ASSETS 43,139,455
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 52,536
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,259,188
 Regular shares 23,741,922
 All Other Shares & Deposits 6,777,050
  TOTAL SHARES & DEPOSITS 38,778,160
  TOTAL LIABILITIES 38,830,696
 Regular Reserve 0
 Other Reserves -138,449
 Undivided Earnings 4,447,208
  TOTAL EQUITY 4,308,759
  TOTAL LIABILITIES, SHARES, & EQUITY 43,139,455
INCOME & EXPENSE  
 Loan Income 1,142,067
 Investment Income 32,642
 Other Income 255,856
 Total Employee Compensation & Benefits 809,711
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 685,628
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 50,316
 Cost of Funds 281,382
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 227,012
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