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MT. RAINIER FEDERAL CREDIT UNION

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

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
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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