Jun, 30, 2023 — 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 |
| 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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