Riverview Credit Union Inc
- Assets
- $62.3m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 26
- Location
- Belpre, OH
- Founding
- Data as of
- 12/2017
- EIN
- 31-0741021
Organization Overview
Riverview Credit Union Inc is located in Belpre, OH. As of 12/2017, Riverview Credit Union Inc employed 26 individuals. Riverview Credit Union Inc is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2017, Riverview Credit Union Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $2.6m during the year ending 12/2017. While expenses have increased by 8.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
RIVERVIEW CREDIT UNION, INC. IS A FINANCIAL INSTITUTION COOPERATIVE CREDIT UNION ORGANIZED TO PROVIDE LOAN AND DEPOSIT PRODUCTS AND SERVICES FOR ITS MEMBER OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A STATE CHARTERED MEMBER OWNED COOPERATIVE CREDIT UNION THAT PROVIDES FINANCIAL SERVICES AND PRODUCTS TO THE MEMBER OWNERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Iaderosa Chief Executive Officer | Officer | 40 | $80,777 |
Douglas Ankrom Chief Financial Officer | Officer | 40 | $68,630 |
John Matthews Vice Chairman Of Board | Trustee | 2 | $0 |
Steve Tompkins Treasurer | Trustee | 2 | $0 |
W Layne Marks Director | Trustee | 2 | $0 |
Cecil Brown Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,995,965 |
| Investment income | $695,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,691,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,407 |
| Compensation of current officers, directors, key employees. | $149,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $584,710 |
| Pension plan accruals and contributions | $18,457 |
| Other employee benefits | $234,713 |
| Payroll taxes | $57,949 |
| Fees for services: Management | $17,816 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $65,274 |
| Office expenses | $63,810 |
| Information technology | $209,364 |
| Royalties | $0 |
| Occupancy | $59,375 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,536 |
| Interest | $281,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,667 |
| Insurance | $25,067 |
| All other expenses | $11,273 |
| Total functional expenses | $2,587,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,183,795 |
| Savings and temporary cash investments | $4,857,796 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,627,972 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,665 |
| Net Land, buildings, and equipment | $1,248,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $28,735,119 |
| Intangible assets | $0 |
| Other assets | $600,361 |
| Total assets | $62,324,586 |
| Accounts payable and accrued expenses | $903,367 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,508,246 |
| Total liabilities | $53,411,613 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $8,912,973 |
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