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MT. RAINIER FEDERAL CREDIT UNION

Jun, 30, 2021 — MT. RAINIER FEDERAL CREDIT UNION is a federal credit union headquartered in PUYALLUP, WA with 1 branch location and about $22.41 million in total assets. Opened 54 years ago in 1967, MT. RAINIER FEDERAL CREDIT UNION has about 1,272 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:1,272
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:$22,407,719
CEO/Manager:Jacquie R Rutherford
Chairperson:Carl Groseclose

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,619,125
TOTAL INVESTMENTS 8,796,859
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 621,351
 Other Loans 6,102,296
 TOTAL LOANS 6,723,647
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -52,322
 Land And Building 16,000
 Other Fixed Assets 53,768
 NCUSIF Deposit 181,356
 All Other Assets 69,286
  TOTAL ASSETS 22,407,719
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 40,034
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,757,467
 Regular shares 14,899,467
 All Other Shares & Deposits 3,520,942
  TOTAL SHARES & DEPOSITS 20,177,876
  TOTAL LIABILITIES 20,217,910
 Regular Reserve 191,757
 Other Reserves 0
 Undivided Earnings 1,998,052
  TOTAL EQUITY 2,189,809
  TOTAL LIABILITIES, SHARES, & EQUITY 22,407,719
INCOME & EXPENSE  
 Loan Income 150,771
 Investment Income 71,396
 Other Income 11,831
 Total Employee Compensation & Benefits 97,269
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 92,851
 Non-operating Income & (Expense) 3,756
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -401
 Cost of Funds 8,865
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 68,048
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