River Valley Credit Union is headquartered in Miamisburg and is the 23rd largest credit union in the state of Ohio. It is also the 852nd largest credit union in the nation. It was established in 1949 and as of September of 2013, it had grown to 62 employees and 20,536 members. River Valley Credit Union's savings rates are 3X the national average, and it has a A health rating.
We invite you to join River Valley Credit Union and start enjoying all of the benefits that come with membership! You are eligible to join if you live, work, attend school, or worship in one of these Ohio counties: Montgomery, Greene, Butler, Warren, Miami or Clark. You may also be eligible if one of your family members already belongs to River Valley or if you are affiliated with an employer or association that sponsors River Valley Credit Union services. - See Details
This financial institution (and I use that term loosely) is the pits, and I feel I've earned the right to say this as I was a member there for 33 years. Unforturnately, over the course of the last 5-7 years, I witnessed the decline; not only in customer service, but the credit union is steadfast with regard to becoming a BANK. Fees are charged for absolutely everything. Members who need new ATM cards due to wear after 15+ years are charged a nice sum, which seems absolutely ridiculous when they won't work anymore. The branch manager does not understand regulatory compliance, and what finally put me over the edge was when I was told I needed an EIN and minutes from our meetings for a CLASS REUNION account which we could filter payments through in order to pay for our party. A class reunion group doesn't qualify as a non-profit, and isn't registered for federal/state/local income tax purposes. Our conversation was laughable, because I'm an accountant...and the manager wasn't quite sure what to say after I informed her of the facts. The only thing that was easy was pulling my money from the credit union, going down the street to 5/3 Bank, receiving $150 for opening a new account with direct deposit, and having the class reunion account opened with not a single issue. River Valley makes things in general VERY difficult for its members. One would think online banking should now be the easiest of all functionality, but if you use Internet Explorer as your web browser, you are unable to log in to view your accounts and activity. After calling the credit union to report the issue, you are told, "yeahhhhh, uhh you can't use that. I think you have to use something else," (I figured out on my own that means a new web browser). All jokes aside, you MUST download Mozilla or another browser to utilize the River Valley online banking software as of April 2013.
Bottom line, I feel members in a credit union should be treated even better than at a regular bank, however the treatment I've received (as well as my family members who have banked there) has been horrid...and is getting worse. I have nearly perfect credit, a fantastic job, and was offered TERRIBLE rates for all types of loans there. I do my homework, especially when it comes to my financial security, and to this day cannot believe other financial institutions offered me better mortgage and auto loans than did my own credit union. Just a terrible place to keep your money, so save yourself a few headaches and check in to other places. It will be worth your while, guaranteed. Thanks for reading and good luck!
I enjoyed banking with this local credit union. I have had their rewards checking program and earn 4.5% since September. I have no trouble using a debit card 12 times each month.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 River Valley Credit Union had $1.27 million in non-current loans and owned real-estate with $22.18 million in equity and loan loss allowances on hand to cover it. This gives River Valley Credit Union a Texas Ratio of 5.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for River Valley Credit Union decreased dramatically from 9.77% as of September 30, 2012 to 5.73% as of September 30, 2013, resulting in a positive change of 41.37%.This indicates that the balance sheet and financial strength for River Valley Credit Union has improved dramatically in recent periods.
In the past year, River Valley Credit Union has increased its total deposits by $5.3 million, resulting in 2.77% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth River Valley Credit Union has shown is above average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. River Valley Credit Union has $222.12 million in assets with $22.18 million in equity, resulting in a capitalization level of 9.99%, which is above average.
|Assets and Liabilities|
|Equity Capital||$20.43 million|
|Loan Loss Allowance||$1.75 million|
|Unbacked Noncurrent Loans||$1.12 million|
|Real Estate Owned||$147,000|
|Historic Data - September 2012|
|Equity Capital||$19.19 million|
|Loan Loss Allowance||$1.53 million|
|Unbacked Noncurrent Loans||$1.12 million|
|Real Estate Owned||$114,000|
|Profit Margin - Quarterly|
|Net Interest Margin||2.88%|
|Return on Assets||0.59%|
|Return on Equity||6.38%|
|Interest Income||$6.10 million|
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|1.50%||$100||-||Cap & Gown College Savings Account|
|0.10%||$500||-||Health Savings Account with Checking Account|
|0.05%||-||-||Basic Savings Account|
|0.05%||-||-||Vacation Club Savings Account|
|0.05%||-||-||Pet Savings Accounts|
|0.05%||-||-||Youth Savings Account|
|0.05%||-||-||IRA Savings Account|
|0.05%||-||-||Christmas Club Savings Account|
|0.05%||$1k||-||Money Market Account|
|1.50%||-||$10k||High Interest Checking|
|0.35%||$50k||-||Cash Management Checking Account|
|0.05%||-||-||High Interest Checking|
|0.05%||$25k||-||Prestige Checking Accounrt|
|1.90%||$1k||-||60 Months CD|
|1.50%||$1k||-||48 Months CD|
|1.10%||$1k||-||36 Months CD|
|0.90%||$1k||-||24 Months CD|
|0.60%||$1k||-||18 Months CD|
|0.50%||$1k||-||12 Months CD|
|0.30%||$500||-||6 Months CD|
|1.90%||$1k||-||60 Months IRA|
|1.50%||$1k||-||48 Months IRA|
|1.10%||$1k||-||36 Months IRA|
|0.90%||$1k||-||24 Months IRA|
|0.60%||$1k||-||18 Months IRA|
|0.50%||$1k||-||12 Months IRA|
|0.30%||$500||-||6 Months IRA|
|River Valley Credit Union Locations|
|Branch Office||2094 S Alex Rd||West Carrollton, OH 45449-2491|
|Branch Office||3927 Indian Ripple Rd||Beavercreek, OH 45440-3449|
|Branch Office||815 Elliott Dr||Middletown, OH 45044-6211|
|Branch Office||25 W Central Ave||Springboro, OH 45066-1132|
|Branch Office||505 Earl Blvd||Miamisburg, OH 45342|