Overview / Commentary
Red River Federal Credit Union is headquartered in Altus and is the 25th largest credit union in the state of Oklahoma. It is also the 1,761st largest credit union in the nation. It was established in 1957 and as of September of 2020, it had grown to 31 employees and 8,775 members at 3 locations. Red River Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership to Red River Federal Credit Union is open to those who worship, live, work, volunteer,or attend school in and businesses and other legal entities located in Beckham, Caddo, Harmon, Custer, Greer, Jackson, Kiowa, Comanche, Roger Mills, Tillman and Washita counties in Oklahoma, and Vernon, Texas in Wilbarger County.
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Health
A
Data as of Q3 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Red River Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 12082 |
| Year Chartered | 1957 |
| Employees | 31 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.1% |
| Return on Equity - YTD | 9.75% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $98.2MM$86.7MM |
| Loans | Q3 2020vs Q3 2019 | $69.4MM$57.5MM |
| Deposits | Q3 2020vs Q3 2019 | $86.1MM$75.6MM |
| Equity Capital | Q3 2020vs Q3 2019 | $11.0MM$9.6MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $312.00K$305.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $120.00K$435.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |