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MT. RAINIER FEDERAL CREDIT UNION

Dec, 31, 2023 — MT. RAINIER FEDERAL CREDIT UNION is a federal credit union headquartered in PUYALLUP, WA with 1 branch location and about $25.15 million in total assets. Opened 57 years ago in 1967, MT. RAINIER FEDERAL CREDIT UNION has about 1,218 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:MT. RAINIER FEDERAL CREDIT UNION
Address:
(Main Office)
303 W Meeker
PUYALLUP, WA 98371
Phone:(253) 841-2668
Fax:(253) 841-3835
Website:https://www.mtrainierfcu.com
Branches:1 branch locations
Members:1,218
Credit Union Type:Federal Credit Union
Charter Number:18068
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1967
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$25,145,828
CEO/Manager:Guillermo S Bunze
Chairperson:Carl Groseclose

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,110,008
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 741,650
 Other Loans 6,366,543
 TOTAL LOANS 7,108,193
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -60,861
 Land And Building 16,000
 Other Fixed Assets 24,782
 NCUSIF Deposit 206,767
 All Other Assets 0
  TOTAL ASSETS 25,145,828
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,846
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,443,984
 Regular shares 16,295,928
 All Other Shares & Deposits 3,751,282
  TOTAL SHARES & DEPOSITS 22,491,194
  TOTAL LIABILITIES 22,515,040
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,630,788
  TOTAL EQUITY 2,630,788
  TOTAL LIABILITIES, SHARES, & EQUITY 25,145,828
INCOME & EXPENSE  
 Loan Income 372,888
 Investment Income 491,894
 Other Income 34,468
 Total Employee Compensation & Benefits 355,862
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 221,618
 Non-operating Income & (Expense) 7,648
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 22,514
 Cost of Funds 89,739
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 272,584
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