Facts & Financials

Red Crown Credit Union Facts
Red Crown Credit Union Facts	As of December 2017
Founded	February 8, 1938
Organization Type	A member-owned, not-for-profit cooperative financial institution.
Charter	Federal
Regulatory Agency	National Credit Union Administration (NCUA)
Board of Directors	Nine Board Members. Elected to three year terms.
Total Membership	23,170
Total Assets	$195,139,109
Number of Locations	Four
Counties Served	Eight
ATM Networks	Transfund ATM Network
Insured By	Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States government.

Red Crown Credit Union Financials
Statement of Condition

Red Crown Credit Union Financials
Statement of Condition
Assets	2017	2016
Cash	19,551,164	7,198,532
Investments	14,539,074	17,785,964
Loans	150, 223,611	149,090,722
Allowance for Loan Loss	(733,094)	(607,119)
Other Assets	11,558,354	7,282,674
Total Assets	$195,139,109	$180,750,774
Liabilities and Member Equity
Member Shares and Certificates	166,452,906	152,909,720
Borrowed Funds	12,821,400	12,821,400
Other Liabilities	1,144,940	1,792,562
Total Liabilities	180,419,245	167,523,681
Member Equity	14,719,864	13,227,093
Total Liabilities and Equity	$195,139,109	$180,750,774

Red Crown Credit Union Statement of Income
Interest Income	2017	2016
Interest on Loans	6,630,621	6,139,614
Interest on Investments	721,350	387,014
Total Interest Income	$7,351,970	$6,526,629
Interest Expense
Member Shares and Certificates	819,319	718,277
Borrowings	168,779	90,316
Total Interest Expense	$988,098	$808,594
Net Interest before Provision	6,363,872	5,718,034
Provision for Losses on Loans	822,500	598,500
Net Interest after Provision	$5,541,372	$5,119,534
Non-Interest Income	$2,486,420	$2,243,322
Non-Interest Expense
Compensation and Benefits	3,496,868	3,177,069
Office Occupancy and Operations	1,395,277	1,345,414
Other Expenses	1,825,736	1,840,094
Total Non-Interest Expense	6,717,881	6,362,578
Non-Operating Gain (Loss)	(192)	($8,853)
Net Income	$1,309,719	$991,426