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MT. RAINIER FEDERAL CREDIT UNION

Mar, 31, 2022 — MT. RAINIER FEDERAL CREDIT UNION is a federal credit union headquartered in PUYALLUP, WA with 1 branch location and about $23.38 million in total assets. Opened 55 years ago in 1967, MT. RAINIER FEDERAL CREDIT UNION has about 1,253 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:1,253
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:$23,384,404
CEO/Manager:Jacquie R Rutherford
Chairperson:Carl Groseclose

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,987,171
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 568,246
 Other Loans 5,956,975
 TOTAL LOANS 6,525,221
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -45,390
 Land And Building 16,000
 Other Fixed Assets 43,197
 NCUSIF Deposit 181,356
 All Other Assets 0
  TOTAL ASSETS 23,384,404
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 25,401
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,265,342
 Regular shares 15,659,521
 All Other Shares & Deposits 3,189,886
  TOTAL SHARES & DEPOSITS 21,114,749
  TOTAL LIABILITIES 21,140,150
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,244,254
  TOTAL EQUITY 2,244,254
  TOTAL LIABILITIES, SHARES, & EQUITY 23,384,404
INCOME & EXPENSE  
 Loan Income 65,884
 Investment Income 25,617
 Other Income 8,087
 Total Employee Compensation & Benefits 52,909
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 42,367
 Non-operating Income & (Expense) 1,877
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,465
 Cost of Funds 2,571
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,833
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