Dec, 31, 2023 — MT. RAINIER FEDERAL CREDIT UNION is a federal credit union headquartered in PUYALLUP, WA with 1 branch location and about $25.15 million in total assets. Opened 57 years ago in 1967, MT. RAINIER FEDERAL CREDIT UNION has about 1,218 members and employs 5 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: | 1,218 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,145,828 |
| CEO/Manager: | Guillermo S Bunze |
| Chairperson: | Carl Groseclose |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,110,008 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 741,650 |
| Other Loans | 6,366,543 |
| TOTAL LOANS | 7,108,193 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,861 |
| Land And Building | 16,000 |
| Other Fixed Assets | 24,782 |
| NCUSIF Deposit | 206,767 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,145,828 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,846 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,443,984 |
| Regular shares | 16,295,928 |
| All Other Shares & Deposits | 3,751,282 |
| TOTAL SHARES & DEPOSITS | 22,491,194 |
| TOTAL LIABILITIES | 22,515,040 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,630,788 |
| TOTAL EQUITY | 2,630,788 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,145,828 |
| INCOME & EXPENSE | |
| Loan Income | 372,888 |
| Investment Income | 491,894 |
| Other Income | 34,468 |
| Total Employee Compensation & Benefits | 355,862 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 221,618 |
| Non-operating Income & (Expense) | 7,648 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,514 |
| Cost of Funds | 89,739 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 272,584 |
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