Dec, 31, 2023 — ROCKET CITY FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTSVILLE, AL with 1 branch location and about $62.34 million in total assets. Opened 70 years ago in 1954, ROCKET CITY FEDERAL CREDIT UNION has about 5,244 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ROCKET CITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2200 Clinton Ave W HUNTSVILLE, AL 35805-3000 |
| Phone: | (256) 533-0541 |
| Fax: | (256) 533-4248 |
| Website: | https://www.rocketcityfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,244 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9662 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $62,343,173 |
| CEO/Manager: | Stephanie Moore |
| Chairperson: | Wallace Dorning |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,426,555 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 954,185 |
| Unsecured Loans | 4,194,098 |
| Other Loans | 22,802,083 |
| TOTAL LOANS | 27,980,375 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,759 |
| Land And Building | 2,370,333 |
| Other Fixed Assets | 473,560 |
| NCUSIF Deposit | 543,645 |
| All Other Assets | 5,651 |
| TOTAL ASSETS | 62,343,173 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 692,793 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,305,041 |
| Regular shares | 33,635,276 |
| All Other Shares & Deposits | 6,571,866 |
| TOTAL SHARES & DEPOSITS | 52,512,183 |
| TOTAL LIABILITIES | 53,204,976 |
| Regular Reserve | 0 |
| Other Reserves | 969,613 |
| Undivided Earnings | 8,168,584 |
| TOTAL EQUITY | 9,138,197 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,343,173 |
| INCOME & EXPENSE | |
| Loan Income | 1,589,604 |
| Investment Income | 862,979 |
| Other Income | 417,987 |
| Total Employee Compensation & Benefits | 918,958 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,333,349 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,320 |
| Cost of Funds | 215,817 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 803,739 |
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