Mar, 31, 2021 — MT. RAINIER FEDERAL CREDIT UNION is a federal credit union headquartered in PUYALLUP, WA with 1 branch location and about $21.99 million in total assets. Opened 54 years ago in 1967, MT. RAINIER FEDERAL CREDIT UNION has about 1,267 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: | 1,267 |
| 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: | $21,988,385 |
| CEO/Manager: | Jacquie R Rutherford |
| Chairperson: | Carl Groseclose |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,557,197 |
| TOTAL INVESTMENTS | 8,302,859 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 616,563 |
| Other Loans | 6,317,754 |
| TOTAL LOANS | 6,934,317 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,924 |
| Land And Building | 16,000 |
| Other Fixed Assets | 57,489 |
| NCUSIF Deposit | 136,668 |
| All Other Assets | 42,779 |
| TOTAL ASSETS | 21,988,385 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,280 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,754,781 |
| Regular shares | 14,728,608 |
| All Other Shares & Deposits | 3,324,138 |
| TOTAL SHARES & DEPOSITS | 19,807,527 |
| TOTAL LIABILITIES | 19,832,807 |
| Regular Reserve | 191,757 |
| Other Reserves | 0 |
| Undivided Earnings | 1,963,821 |
| TOTAL EQUITY | 2,155,578 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,988,385 |
| INCOME & EXPENSE | |
| Loan Income | 70,755 |
| Investment Income | 38,137 |
| Other Income | 5,246 |
| Total Employee Compensation & Benefits | 46,937 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 41,079 |
| Non-operating Income & (Expense) | 1,837 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,848 |
| Cost of Funds | 5,386 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 33,817 |
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