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RAH FEDERAL CREDIT UNION

Dec, 31, 2023 — RAH FEDERAL CREDIT UNION is a federal credit union headquartered in RANDOLPH, MA with 1 branch location and about $21.08 million in total assets. Opened 62 years ago in 1962, RAH FEDERAL CREDIT UNION has about 1,883 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RAH FEDERAL CREDIT UNION
Address:
(Main Office)
45 DIAUTO DR
RANDOLPH, MA 02368-4501
Phone:(781) 961-2417
Fax:(781) 986-6467
Website:https://www.rahfcu.org
Branches:1 branch locations
Members:1,883
Credit Union Type:Federal Credit Union
Charter Number:14845
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1962
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$21,078,819
CEO/Manager:Donna Maguire
Chairperson:Kenneth P Ouellette

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,933,685
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 10,954,108
 Unsecured Loans 1,494,729
 Other Loans 2,455,148
 TOTAL LOANS 14,903,985
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -69,686
 Land And Building 50,000
 Other Fixed Assets 17,447
 NCUSIF Deposit 196,950
 All Other Assets 0
  TOTAL ASSETS 21,078,819
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 85,686
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,538,710
 Regular shares 8,133,137
 All Other Shares & Deposits 8,077,138
  TOTAL SHARES & DEPOSITS 18,748,986
  TOTAL LIABILITIES 18,834,672
 Regular Reserve 0
 Other Reserves 469,173
 Undivided Earnings 1,774,974
  TOTAL EQUITY 2,244,147
  TOTAL LIABILITIES, SHARES, & EQUITY 21,078,819
INCOME & EXPENSE  
 Loan Income 683,435
 Investment Income 226,526
 Other Income 36,728
 Total Employee Compensation & Benefits 364,847
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 327,350
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 160,961
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 120,888
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