Dec, 31, 2023 — EAST RIVER FEDERAL CREDIT UNION is a federal credit union headquartered in MADISON, SD with 1 branch location and about $38.92 million in total assets. Opened 68 years ago in 1956, EAST RIVER FEDERAL CREDIT UNION has about 3,372 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EAST RIVER FEDERAL CREDIT UNION |
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Address: (Main Office) | 220 S Harth Ave MADISON, SD 57042-2916 |
Phone: | (605) 256-8145 |
Fax: | (605) 256-8053 |
Website: | https://www.eastriverfcu.com |
Branches: | 1 branch locations |
Members: | 3,372 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11353 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $38,923,527 |
CEO/Manager: | Tanya M Hobson |
Chairperson: | Randy Hoffman |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,440,574 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,161,833 |
Unsecured Loans | 1,190,647 |
Other Loans | 20,337,535 |
TOTAL LOANS | 23,690,015 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -124,898 |
Land And Building | 759,072 |
Other Fixed Assets | 13,697 |
NCUSIF Deposit | 431,512 |
All Other Assets | 0 |
TOTAL ASSETS | 38,923,527 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -637,226 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,068,706 |
Regular shares | 15,021,731 |
All Other Shares & Deposits | 10,218,415 |
TOTAL SHARES & DEPOSITS | 36,308,852 |
TOTAL LIABILITIES | 35,671,626 |
Regular Reserve | 0 |
Other Reserves | -369,637 |
Undivided Earnings | 3,621,538 |
TOTAL EQUITY | 3,251,901 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,923,527 |
INCOME & EXPENSE | |
Loan Income | 1,007,414 |
Investment Income | 378,087 |
Other Income | 256,551 |
Total Employee Compensation & Benefits | 733,428 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 845,260 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,815 |
Cost of Funds | 76,770 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 286,408 |
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