RIVER VALLEY Financial Reports
Quarter Ended: 2024/12/31
Data Updated on: 2024/10/16
RIVER VALLEY is a NFICU, and supervised by the National Credit Union Administration (NCUA) located in Miamisburg, OH. Established on 1949, the credit union is regulated by the NCUA and has 7 branches.
The bank has 3 employees and holds 478,268,143 in total assets. With a focus on Non-Federal Credit Union customers, the bank has been serving its customers since 1949.
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RIVER VALLEY Institution Profile
| Type of Membership | Non-Federal Credit Union |
| Number of Full-Time Employees | 85 |
| Date Established | 1949 |
| Number of Part-Time Employees | 3 |
| Type of Credit Union | NFICU |
| City | Miamisburg |
| Number of Current Members | 25792 |
| ZIP Code | 45342 |
| State | OH |
| Street Address | 505 Earl Blvd |
| Official Website | https://www.rivervalleycu.org |
| Peer Group Category | 5 – $100,000,000 to less than $500,000,000 |
| President’s Name | Daniel J Gorman |
| CEO Name | Lee Spivey |
| Join Number | 2759 |
| Net Worth Classification | Well Capitalized |
| Institution RSSDID | 825285 |
| Number Of Branches | 7 |
| Bond Provider | CUMIS |
Institution Profile Overview
The organization operates under the Membership Type of “Non-Federal Credit Union” and was Chartered on “1949”. It is classified as a NFICU, with Number of Members totaling “25792”. The institution is based in State: “OH”, within the City: “Miamisburg”, and can be found at Street: “505 Earl Blvd”, ZIP Code: “45342”.
The institution employs “85” Full-time Employees and “3” Part-time Employees, ensuring smooth operations. It belongs to the Peer Group “5 – $100,000,000 to less than $500,000,000”, reflecting its size and scope of activities. The Net Worth Classification places it in the “Well Capitalized” category.
Leadership is guided by PRESIDENT: “Daniel J Gorman” and CEO: “Lee Spivey”, ensuring strategic direction and oversight. Additional identifiers include a Join Number of “2759” and RSSD Number of “825285”. The organization’s online presence is accessible via its Website: “https://www.rivervalleycu.org”.
RIVER VALLEY Financials
(USD, in thousands)
| Total Assets | $478,268 |
| Total NonInterest Income | $4,698 |
| Total Liabilities | $431,810 |
| Total Interest Expense | $9,169 |
| Total Shares and Deposits | $414,728 |
| Total NonInterest Expense | $14,022 |
| Total Equity | $54,890 |
| Total Net Worth | $53,345 |
| Total Interest Income | $23,778 |
| Net Worth Ratio | 11.15% |
| Total amount of Loans and Leases | $373,691 |
| Total number of Loans and Leases | 18,722 |
Financial Performance Overview
Gain a comprehensive perspective on RIVER VALLEY’s financial landscape through our “Financials” table. The bank boasts total assets of $478,268,143k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the credit union’s financial structure and stability, with total liabilities standing at $431,809,758k and total equity at $54,889,684k.
Delve into key operational metrics, including total shares and deposits of $414,728,132k, total loans and leases at $373,691,149k, and a meticulous analysis of income and expense components. This detailed financial overview is designed to enhance your understanding of RIVER VALLEY’s performance and competitive positioning within the financial industry.
RIVER VALLEY Additional Financial Information
| Net Interest Income | 14,608,355.00 |
| Loans Held for Sale | 0.00 |
| Net Interest Margin (as a % of Average Assets) | 3.12 |
| Other Non‐Performing Assets (as % of Total Assets) | 0.09 |
| All Other Assets (Total) | 11,680,628.00 |
| Total Cash on Deposit (Amounts Deposited in Financial Institutions) | 22,406,371.00 |
| Net Worth Growth | 7.12 |
| Total INVESTMENT SECURITIES | 55,937,011.00 |
| Share Growth | 7.49 |
| TOTAL OTHER INVESTMENTS | 4,606,632.00 |
| Loan Growth | 2.75 |
| Total Foreclosed and Repossessed Assets | 25,000.00 |
| Asset Growth | 4.47 |
| Total Credit Loss Expense | 1,736,685.00 |
| Investment Growth | 11.28 |
| NET INCOME (LOSS) | 3,547,780.00 |
| Membership Growth | -0.15 |
| Loans‐to‐Assets Ratio | 78.13 |
| Return on Average Assets (ROAA) | 0.76 |
| Cash & Short‐Term Investments (as % of Assets) | 6.21 |
| Net Income (Excluding Extraordinary Items) / Average Assets | 0.76 |
| Risk‐Based Capital Ratio | N/A |
| Non‐Interest Expense (as % of Average Assets) | 3.00 |
| GAAP Equity (as % of Total Assets) | 9.71 |
| Provision for Loan or Credit Losses (as % of Average Assets) | 0.37 |
| Loan Loss Ratio | 0.27 |
| Total Gain (Loss) on Investments | -673.00 |
| Efficiency Ratio | 49.50 |
| Regulatory Net Worth Ratio | 1,115.00 |
| Adjusted Net Worth Ratio | 11.74 |
Insights into Financial Metrics
Enhance your understanding of RIVER VALLEY‘s financial standing through our Additional Financial Information table. Explore key metrics such as Total Loans and Leases: $373,691,149k and Net Interest Income: $0k to gain valuable insights into the credit union’s core operations and revenue streams.
Delve into the intricacies of Loan Loss Ratio 0.2693 to evaluate the credit union’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $4,698,202k and evaluate operational efficiency using metrics like Efficiency Ratio: 49.4987. This nuanced financial overview empowers a comprehensive analysis of RIVER VALLEY‘s strategic financial position and performance in the industry.
Frequently Asked Questions (FAQs)
What is the asset size of RIVER VALLEY?
The asset size of RIVER VALLEY is approximately $478,268,143k, reflecting the credit union’s scale and market presence.
What type of bond does RIVER VALLEY have?
RIVER VALLEY has a bond provided by CUMIS, which ensures certain financial securities to its members.
How many members does RIVER VALLEY currently have?
The credit union currently serves 25792 members, indicating its reach and community impact.
What is the total number of employees at RIVER VALLEY?
There are 88 employees at RIVER VALLEY, including both full-time and part-time staff, supporting its operations and member services.
Where is RIVER VALLEY located and how many branches does it have?
RIVER VALLEY is located in Miamisburg, OH, and operates 7 branches.
What is the net worth ratio of RIVER VALLEY?
The net worth ratio, a key indicator of financial strength, for RIVER VALLEY is 1115%.
What is the total value of loans and deposits at RIVER VALLEY?
The credit union holds $373,691,149k in loans and $414,728,132k in deposits, reflecting its lending and saving activities.
What does RIVER VALLEY’s investment portfolio look like?
The credit union’s investment portfolio includes total investment securities and other investments, showcasing strategic asset allocation.
Who are the leaders of RIVER VALLEY?
Leadership at RIVER VALLEY is provided by President Daniel J Gorman and CEO Lee Spivey, guiding strategic decisions and operations.