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MT. RAINIER FEDERAL CREDIT UNION

Dec, 31, 2021 — MT. RAINIER FEDERAL CREDIT UNION is a federal credit union headquartered in PUYALLUP, WA with 1 branch location and about $23.63 million in total assets. Opened 55 years ago in 1967, MT. RAINIER FEDERAL CREDIT UNION has about 1,259 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:MT. RAINIER FEDERAL CREDIT UNION
Address:
(Main Office)
303 W Meeker
PUYALLUP, WA 98371
Phone:(253) 841-2668
Fax:(253) 841-3835
Website:http://www.mtrainierfcu.com
Branches:1 branch locations
Members:1,259
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$23,628,080
CEO/Manager:Jacquie R Rutherford
Chairperson:Carl Groseclose

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,637,404
TOTAL INVESTMENTS 10,937,859
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 587,158
 Other Loans 6,218,816
 TOTAL LOANS 6,805,974
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -47,461
 Land And Building 16,000
 Other Fixed Assets 46,706
 NCUSIF Deposit 181,356
 All Other Assets 50,242
  TOTAL ASSETS 23,628,080
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 22,687
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,478,046
 Regular shares 15,864,366
 All Other Shares & Deposits 3,038,560
  TOTAL SHARES & DEPOSITS 21,380,972
  TOTAL LIABILITIES 21,403,659
 Regular Reserve 191,757
 Other Reserves 0
 Undivided Earnings 2,032,664
  TOTAL EQUITY 2,224,421
  TOTAL LIABILITIES, SHARES, & EQUITY 23,628,080
INCOME & EXPENSE  
 Loan Income 292,524
 Investment Income 126,369
 Other Income 27,870
 Total Employee Compensation & Benefits 208,273
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 190,861
 Non-operating Income & (Expense) 7,728
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,538
 Cost of Funds 15,491
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 102,660
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