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RAH FEDERAL CREDIT UNION

Dec, 31, 2020 — RAH FEDERAL CREDIT UNION is a federal credit union headquartered in RANDOLPH, MA with 1 branch location and about $19.06 million in total assets. Opened 59 years ago in 1962, RAH FEDERAL CREDIT UNION has about 1,879 members and employs 4 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:http://www.rahfcu.org
Branches:1 branch locations
Members:1,879
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$19,062,177
CEO/Manager:Donna Maguire
Chairperson:Richard D'Isidoro

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,468,131
TOTAL INVESTMENTS 2,361,051
Loans Held for Sale 0
 
 Real Estate Loans 7,354,384
 Unsecured Loans 1,810,421
 Other Loans 2,121,363
 TOTAL LOANS 11,286,168
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -75,211
 Land And Building 50,000
 Other Fixed Assets 21,464
 NCUSIF Deposit 144,605
 All Other Assets 805,969
  TOTAL ASSETS 19,062,177
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 97,912
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,679,718
 Regular shares 8,182,099
 All Other Shares & Deposits 6,057,320
  TOTAL SHARES & DEPOSITS 16,919,137
  TOTAL LIABILITIES 17,017,049
 Regular Reserve 435,893
 Other Reserves 0
 Undivided Earnings 1,609,235
  TOTAL EQUITY 2,045,128
  TOTAL LIABILITIES, SHARES, & EQUITY 19,062,177
INCOME & EXPENSE  
 Loan Income 566,650
 Investment Income 53,710
 Other Income 57,865
 Total Employee Compensation & Benefits 300,102
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 275,350
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 49,429
 Cost of Funds 62,232
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,888
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