Field of Membership
Persons who live, work (or regularly conduct business in), worship, or attend school inSt. Clair County, Michigan. Businesses and other legal entities located in St. Clair County, Michigan. Also included are spouses of persons who died while within the field of membership of this credit union, volunteers in the community, employees of this credit union, members of their immediate family or household, and organizations of such persons.
Riverview Community Federal Credit Union
1935 Fred W. Moore Hwy
Saint Clair, Michigan 48079
Lost/Stolen Visa Credit cards (800) 325-3678
Lost/Stolen Visa Debit cards (800) 472-3272
|Monday - Thursday
||9:00AM to 4:30PM
||9:00AM to 5:30PM
||9:00AM to Noon
We are a Member owned financial cooperative, making a lifetime commitment to our member's financial needs by building relationships through our personalized member service.
This year will mark the 64th year of serving our membership! Riverview Community Federal Credit Union was organized in 1952 as Diamond Crystal Employees Federal Credit Union. We have over 3,000 members in the Saint Clair County area and have assets of over $26,000,000.00.
As of March 2011, we relocated to our new home at 1935 Fred Moore Hwy.
Come by and visit us!
63rd Annual Meeting Treasury Report
Financial results for the year ending December 31, 2014 were very positive. Total assets grew to $25.7 million, an increase of 1.4 million or 6.09% for the year. Deposits reached $23.5 million at December 31st for an increase of 1.3 million or 6.03%. Members continue to make RCFCU their lender of choice as we ended the year with loan balances of $13.3 million. This loan growth represents an increase of 1.4 million or 11.98% for the year. Even with the tremendous loan growth in 2014, our delinquency and charge-off ratios remain low and are below industry average. Return on assets (ROA) from continuing operations was .46% as compared to .17% the previous year. All of this financial activity translated into a net income of $115,600. Net worth was 8.79% at December 31, 2014 well above the 7% regulatory threshold for a well-capitalized institution.
You can see by the numbers that 2014 was a successful year, however we can only truly measure our success by how you, our members, interact with us: whether it is repeat loan business, opening additional deposit accounts, direct deposit of your paycheck, frequent usage of your RCFCU debit and credit card or most importantly, having the trust in us to ask for financial advice. After all, we are a financial cooperative whereby we pool the financial resources of a group of individuals for the benefit and betterment of the group. The more individuals in the group that use our products and services, the stronger the cooperative becomes and the greater benefit returned to you, our member.
I feel very fortunate to have been blessed with outstanding volunteers who lead the Credit Union and a dedicated and professional staff committed to providing personal service at the highest levels possible. I
A sincere Thank You to Clara Westrick for many years of dedication and service on the Board of Directors and Milton Rogers for serving as Chairman of the Supervisory Committee.
On behalf of RCFCU I want to thank you for your continued support and loyalty.