Overview / Commentary
Riegelwood Federal Credit Union is headquartered in Riegelwood and is the 24th largest credit union in the state of North Carolina. It is also the 1,736th largest credit union in the nation. It was established in 1953 and as of June of 2020, it had grown to 30 employees and 12,483 members at 3 locations. Riegelwood Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, attend school or have a business or other legal entities located in Columbus County and the northern part of the Brunswick County in North Carolina.
See current membership details
Health
A
Data as of Q2 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. Riegelwood Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8660 |
| Year Chartered | 1953 |
| Employees | 30 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 1.51% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $99.3MM$95.9MM |
| Loans | Q2 2020vs Q2 2019 | $55.6MM$62.6MM |
| Deposits | Q2 2020vs Q2 2019 | $83.8MM$80.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $14.3MM$13.8MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $950.00K$1.0MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.2MM$1.5MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $314.00K$509.00K |