Dec, 31, 2020 — MT. RAINIER FEDERAL CREDIT UNION is a federal credit union headquartered in PUYALLUP, WA with 1 branch location and about $20.74 million in total assets. Opened 54 years ago in 1967, MT. RAINIER FEDERAL CREDIT UNION has about 1,260 members and employs 3 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: | 1,260 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,739,520 |
| CEO/Manager: | Jacquie R Rutherford |
| Chairperson: | Carl Groseclose |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,756,254 |
| TOTAL INVESTMENTS | 8,853,859 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 642,231 |
| Other Loans | 5,293,205 |
| TOTAL LOANS | 5,935,436 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,888 |
| Land And Building | 16,000 |
| Other Fixed Assets | 61,252 |
| NCUSIF Deposit | 136,668 |
| All Other Assets | 35,939 |
| TOTAL ASSETS | 20,739,520 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,798 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,739,288 |
| Regular shares | 13,670,625 |
| All Other Shares & Deposits | 3,171,048 |
| TOTAL SHARES & DEPOSITS | 18,580,961 |
| TOTAL LIABILITIES | 18,617,759 |
| Regular Reserve | 191,757 |
| Other Reserves | 0 |
| Undivided Earnings | 1,930,004 |
| TOTAL EQUITY | 2,121,761 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,739,520 |
| INCOME & EXPENSE | |
| Loan Income | 316,774 |
| Investment Income | 191,443 |
| Other Income | 75,321 |
| Total Employee Compensation & Benefits | 212,542 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 186,479 |
| Non-operating Income & (Expense) | 15,169 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,185 |
| Cost of Funds | 26,185 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 145,316 |
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