RTN FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.rtn.org for more information.
Dec, 31, 2023 — RTN FEDERAL CREDIT UNION is a federal credit union headquartered in WALTHAM, MA with 17 branch locations and about $1.05 billion in total assets. Opened 79 years ago in 1945, RTN FEDERAL CREDIT UNION has about 40,801 members and employs 111 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RTN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 600 MAIN ST WALTHAM, MA 02452 |
| Phone: | (781) 736-9900 |
| Fax: | (781) 736-9928 |
| Website: | https://www.rtn.org |
| Branches: | 17 branch locations |
| Members: | 40,801 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24311 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,046,846,217 |
| CEO/Manager: | Richard Wright |
| Chairperson: | Arthur R Osborn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,035,645 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 452,459,920 |
| Unsecured Loans | 28,323,963 |
| Other Loans | 50,822,775 |
| TOTAL LOANS | 531,606,658 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,974,294 |
| Land And Building | 3,974,274 |
| Other Fixed Assets | 1,063,576 |
| NCUSIF Deposit | 8,724,367 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,046,846,217 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 31,020,581 |
| Accounts Payable & Other Liabilities | 7,399,251 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 159,401,568 |
| Regular shares | 417,089,025 |
| All Other Shares & Deposits | 343,982,036 |
| TOTAL SHARES & DEPOSITS | 920,472,629 |
| TOTAL LIABILITIES | 958,892,461 |
| Regular Reserve | 0 |
| Other Reserves | -14,220,505 |
| Undivided Earnings | 102,174,261 |
| TOTAL EQUITY | 87,953,756 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,046,846,217 |
| INCOME & EXPENSE | |
| Loan Income | 15,619,373 |
| Investment Income | 3,596,189 |
| Other Income | 2,780,018 |
| Total Employee Compensation & Benefits | 9,653,042 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,549,772 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -105,000 |
| Cost of Funds | 2,864,195 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,901,295 |
| ↑ Back to Top | |