Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Riverside Community Federal Credit Union

Based on 1 review
Overview / Commentary
888-527-2328
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 2,787th largest credit union in the nation. It was established in 1940 and as of December of 2013, it had grown to 13 employees and 5,008 members. Riverside Community Federal Credit Union's savings rates are 3X 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

Related Posts



Reviews (1)

Unprofessional

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.



Health

Data for Q4 2013

Institution Health

B+
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

GRADE:
A+

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 December 31, 2013 Riverside Community Federal Credit Union had $218,000 in non-current loans and owned real-estate with $3.46 million in equity and loan loss allowances on hand to cover it. This gives Riverside Community Federal Credit Union a Texas Ratio of 6.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Riverside Community Federal Credit Union experienced no significant changes from 5.25% as of December 31, 2012 to 6.30% as of December 31, 2013, resulting in a negative change of 20.04%. 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

GRADE:
A+

In the past year, Riverside Community Federal Credit Union has increased its total deposits by $1.58 million, resulting in 5.52% 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.

Capitalization

GRADE:
B+

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 $33.47 million in assets with $3.46 million in equity, resulting in a capitalization level of 10.34%, which is above average.

Institution Statistics

Overall
NCUA #3775
Year Chartered1940
Employees13
Primary Regulator
Assets and Liabilities
Assets$33.47 million
Loans$21.82 million
Deposits$30.10 million
Equity Capital$3.33 million
Loan Loss Allowance$135,000
Unbacked Noncurrent Loans$218,000
Real Estate Owned$0
Historic Data - December 2012
Assets$31.70 million
Equity Capital$3.13 million
Loan Loss Allowance$148,000
Unbacked Noncurrent Loans$218,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5%
Return on Assets0.59%
Return on Equity5.89%
Interest Income$1.43 million
Rates
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not Riverside Community Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Riverside Community Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.50%--IRA Savings Account
1.50%--Roth IRA Savings Account
1.50%--Educational IRA Savings Account
0.30%--Regular Share Account
0.30%--Christmas Club Account
0.30%--Vacation Club Account
0.30%--Kids Club Account
0.30%--Special Club Account
0.30%--Escrow Club Account
0.30%--Funds Manager Club Account

Riverside Community Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.02%$500-60 Month Share Certificate
1.76%$500-48 Month Share Certificate
1.31%$500-36 Month Share Certificate
1.00%$500-30 Month Share Certificate
0.85%$500-24 Month Share Certificate
0.60%$500-18 Month Share Certificate
0.50%$500-12 Month Share Certificate
0.45%$500-9 Month Share Certificate
0.40%$500-6 Month Share Certificate
0.30%$500-3 Month Share Certificate

Riverside Community Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.02%$500-60 Month IRA Share Certificate (Traditional,Roth,CESA)
1.76%$500-48 Month IRA Share Certificate (Traditional,Roth,CESA)
1.31%$500-36 Month IRA Share Certificate (Traditional,Roth,CESA)
1.00%$500-30 Month IRA Share Certificate (Traditional,Roth,CESA)
0.85%$500-24 Month IRA Share Certificate (Traditional,Roth,CESA)
0.60%$500-18 Month IRA Share Certificate (Traditional,Roth,CESA)
0.50%$500-12 Month IRA Share Certificate (Traditional,Roth,CESA)
0.45%$500-9 Month IRA Share Certificate (Traditional,Roth,CESA)
0.40%$500-6 Month IRA Share Certificate (Traditional,Roth,CESA)
0.30%$500-3 Month IRA Share Certificate (Traditional,Roth,CESA)
Locations


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