River Valley Credit Union

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A short history of River Valley CU

Since its inception in 1965 the River Valley Credit Union has been serving its members in the Ada, Michigan area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Janelle Franke, the River Valley CU has grown its membership to over 11,148 with assets of more than $94,436,320. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (616) 787-7481 or email them at members@myrivervalleycu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Ada, MI.

General Information For River Valley CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62123
Address PO Box 493 
City Ada 
State Michigan 
Zip-Code 49301
Phone Number (616) 787-7481
Fax Number (616) 676-8136
Email Address: members@myrivervalleycu.org
CEO/President Janelle Franke
Members 11,148 
Full-Time Employees 20 
Part-Time Employees 11 
Number of Branch Offices
Total Assets 94,436,320 
Website http://www.myrivervalleycu.org 

Compare River Valley Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Lake Michigan CU 68th St 675 68th St SW 49501 (616) 242-9790 No 4.73
Preferred CU Hastings 329 N Michigan Ave 49058 (269) 945-8706 No 5.81
Community West CU Kentwood 4045 60th ST SE 49518 (616) 261-5657 No 8.62
Latvian Heritage CU Latvian Heritage Federal Credit Union Detroit Office 30623 W 12 Mile Rd 48334 (248) 477-5955 No 8.75
Kent County CU South Branch 901 Gezon PKWY SW 49505 (616) 531-7865 No 9.42

River Valley Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

River Valley Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 7.50 2.70 2.20 4.00 5.20
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 64 108 33 138 255
Rank Among All Michigan Credit Unions 7 26 8 32 51

River Valley Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.20 0.50 0.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 143 114 263 227
Rank Among All Michigan Credit Unions N/A 19 25 59 48
River Valley Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.5001,1003,108,586
All Other Unsecured Loans/Lines of Credit 12.9901,7283,975,340
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.4702,4374,575,461
New Vehicle Loans 2.7001542,401,093
Used Vehicle Loans 2.2001,52414,410,551
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.000918,936,027
Total Other Real Estate Loans/Lines of Credit 5.200842,280,995
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.7003695,779,073
TOTAL LOANS & LEASES 7,48745,467,126

River Valley Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 353,991,2972218,500
    b. 15 Years or less 564,944,7309834,000
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 842,280,99511353,800
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 17511,217,022221,406,300


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

River Valley Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes