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R T P FEDERAL CREDIT UNION

Dec, 31, 2023 — R T P FEDERAL CREDIT UNION is a federal credit union headquartered in MORRISVILLE, NC with 4 branch locations and about $140.67 million in total assets. Opened 56 years ago in 1968, R T P FEDERAL CREDIT UNION has about 10,309 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:R T P FEDERAL CREDIT UNION
Address:
(Main Office)
384 Davis Dr
MORRISVILLE, NC 27560-6336
Phone:(919) 941-5700
Fax:(919) 484-8435
Website:https://www.rtpfcu.org
Branches:4 branch locations
Members:10,309
Credit Union Type:Federal Credit Union
Charter Number:18550
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1968
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$140,674,106
CEO/Manager:Charles Venable
Chairperson:Walt O'Neal

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,621,722
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 33,834,732
 Unsecured Loans 4,669,386
 Other Loans 62,822,063
 TOTAL LOANS 101,326,181
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,198,190
 Land And Building 5,086,217
 Other Fixed Assets 86,213
 NCUSIF Deposit 1,294,572
 All Other Assets 114,009
  TOTAL ASSETS 140,674,106
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,639,152
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 37,589,813
 Regular shares 51,228,829
 All Other Shares & Deposits 41,805,312
  TOTAL SHARES & DEPOSITS 130,623,954
  TOTAL LIABILITIES 132,263,106
 Regular Reserve 0
 Other Reserves -2,032,415
 Undivided Earnings 10,443,415
  TOTAL EQUITY 8,411,000
  TOTAL LIABILITIES, SHARES, & EQUITY 140,674,106
INCOME & EXPENSE  
 Loan Income 4,946,369
 Investment Income 394,270
 Other Income 669,960
 Total Employee Compensation & Benefits 2,436,444
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,384,073
 Non-operating Income & (Expense) 40
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 191,422
 Cost of Funds 883,550
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,238,051
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