River Community Credit Union
Headquarters
644 W 2nd Street
Ottumwa, IA 52501
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2024 Overview
General Credit Union Information
River Community is an NCUA insured institution located in Ottumwa, IA. It was founded in 1928 and has approximately $28.9 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 64986 |
| Date Established | 1928 |
| Assets | $28.90 million |
| Loans | $21.28 million |
| Deposits | $24.75 million |
| Capital | $3.85 million |
Field of Membership Restrictions
River Community Credit Union is headquartered in Ottumwa, Iowa and is the 53rd largest credit union in the state of Iowa. It is also the 3,330th largest credit union in the nation. It was established in 1928 and as of June of 2020, it had grown to 6 employees and 3,644 members at 1 location.
Deposit Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.20% | $2,500 | $4,999 |
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|
|
Money Market
|
0.30% | $2,500 | $2,999 |
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|
|
Money Market
|
0.30% | $10,000 | $14,999 |
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|
|
Money Market
|
0.50% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.10% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
1.00% | $1 | $499 | Learn More |
Loan Rates - April 27, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for River Community
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.787% | 6.750% | 0.38 | $1,203 | $2,076 | Learn More |
NMLS ID: 2059741 |
7.004% | 6.875% | 0.63 | $4,192 | $2,103 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: 491986 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to River Community
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Branches
Below are River Community branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
RIVER COMMUNITY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
River Community Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of River Community. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| River Community | U.S. Average |
|---|---|
| 3.24% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, River Community had $87,555 in non-current loans and $39,478 in owned assets. To cover these potential losses it had $3,851,123 in net worth and $65,736 in loans loss reserves. That gives it a Texas Ratio of 3.24%.
Net Worth
| River Community | U.S. Average |
|---|---|
| 13.32% | 13.62% |
River Community FCU has a net worth of 13.32% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for River Community
Mary
May 17, 2023
I left a message with the teller to have the manager call me as I wanted to open an account with the bank but had several questions. I live an hour away and thought a call would be easier. The manager never returned my call. How unprofessional. Decided driving two hours to Des Moines to stay with my current bank was better
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