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MT. RAINIER FEDERAL CREDIT UNION

Sep, 30, 2022 — MT. RAINIER FEDERAL CREDIT UNION is a federal credit union headquartered in PUYALLUP, WA with 1 branch location and about $24.56 million in total assets. Opened 56 years ago in 1967, MT. RAINIER FEDERAL CREDIT UNION has about 1,243 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:https://www.mtrainierfcu.com
Branches:1 branch locations
Members:1,243
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$24,556,822
CEO/Manager:Jacquie R Rutherford
Chairperson:Carl Groseclose

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,043,734
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 597,553
 Other Loans 6,653,987
 TOTAL LOANS 7,251,540
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -46,682
 Land And Building 16,000
 Other Fixed Assets 36,742
 NCUSIF Deposit 208,195
 All Other Assets 0
  TOTAL ASSETS 24,556,822
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 41,861
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,419,479
 Regular shares 16,219,494
 All Other Shares & Deposits 3,565,005
  TOTAL SHARES & DEPOSITS 22,203,978
  TOTAL LIABILITIES 22,245,839
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,310,983
  TOTAL EQUITY 2,310,983
  TOTAL LIABILITIES, SHARES, & EQUITY 24,556,822
INCOME & EXPENSE  
 Loan Income 194,318
 Investment Income 120,799
 Other Income 28,669
 Total Employee Compensation & Benefits 160,956
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 136,726
 Non-operating Income & (Expense) 5,826
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -902
 Cost of Funds 7,875
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 86,562
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