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508 E Charles St
Marion, IN 46952

Riverside Community Federal Credit Union is headquartered in Marion and is the 69th largest credit union in the state of Indiana. It is also the 2,758th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 12 employees and 5,039 members. Riverside Community Federal Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Grant County, Indiana - See Details

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Reviews (1)


A former co-worker approached me to let me know that a member from Charles Street came into her office to talk about something that an employee of Charles Street had told her. This info was about a particular personal financial situation that we were in. The information was of a private matter, and had entirely nothing to do with this member. I find this disturbing that an institution such as Charles Street can be so bold as to gossip about their members.

Don't trust this Credit Union to protect your private information.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Riverside Community Federal Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Riverside Community Federal Credit Union had $194,000 in non-current loans and owned real-estate with $3.48 million in equity and loan loss allowances on hand to cover it. This gives Riverside Community Federal Credit Union a Texas Ratio of 5.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Riverside Community Federal Credit Union experienced no significant changes from 4.77% as of March 31, 2013 to 5.58% as of March 31, 2014, resulting in a negative change of 16.86%. This indicates that the balance sheet and financial strength for Riverside Community Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Riverside Community Federal Credit Union has increased its total deposits by $2.5 million, resulting in 8.49% 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 Riverside Community Federal Credit Union has shown is excellent.



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. Riverside Community Federal Credit Union has $35.29 million in assets with $3.48 million in equity, resulting in a capitalization level of 9.86%, which is above average.

Institution Statistics

NCUA #3775
Year Chartered1940
Primary Regulator
Assets and Liabilities
Assets$35.29 million
Loans$22.11 million
Deposits$31.89 million
Equity Capital$3.35 million
Loan Loss Allowance$131,000
Unbacked Noncurrent Loans$194,000
Real Estate Owned$0
Historic Data - March 2013
Assets$32.65 million
Equity Capital$3.18 million
Loan Loss Allowance$127,000
Unbacked Noncurrent Loans$194,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.18%
Return on Assets0.22%
Return on Equity2.27%
Interest Income$342,000
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Riverside Community Federal Credit Union Savings Account Rates

1.00%--IRA Savings Account
1.00%--Roth IRA Savings Account
1.00%--Educational IRA Savings Account
0.20%--Regular Share Account
0.20%--Christmas Club Account
0.20%--Vacation Club Account
0.20%--Kids Club Account
0.20%--Special Club Account
0.20%--Escrow Club Account
0.20%--Funds Manager Club Account

Riverside Community Federal Credit Union CD Rates

1.80%$500-60 Month Share Certificate
1.55%$500-48 Month Share Certificate
1.05%$500-36 Month Share Certificate
0.81%$500-30 Month Share Certificate
0.70%$500-24 Month Share Certificate
0.50%$500-18 Month Share Certificate
0.30%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate
0.20%$500-3 Month Share Certificate

Riverside Community Federal Credit Union IRA Rates

1.80%$500-60 Month IRA Share Certificate
1.55%$500-48 Month IRA Share Certificate
1.05%$500-36 Month IRA Share Certificate
0.81%$500-30 Month IRA Share Certificate
0.70%$500-24 Month IRA Share Certificate
0.50%$500-18 Month IRA Share Certificate
0.30%$500-12 Month IRA Share Certificate
0.25%$500-6 Month IRA Share Certificate
0.20%$500-3 Month IRA Share Certificate

Riverside Community Federal Credit Union Locations
Branch Office202 W Spencer AveMarion, IN 46952
Branch Office508 E Charles StMarion, IN 46952