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

Statement of Income

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

Debit Card On/Off

Debit Card On/Off

Balance Transfer

Balance Transfer