Sep, 30, 2025 — R T P FEDERAL CREDIT UNION is a federal credit union headquartered in MORRISVILLE, NC with 4 branch locations and about $142.58 million in total assets. Opened 58 years ago in 1968, R T P FEDERAL CREDIT UNION has about 9,597 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | R T P FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 384 Davis Dr MORRISVILLE, NC 27560-6336 |
| Phone: | (919) 941-5700 |
| Fax: | (919) 484-8435 |
| Website: | https://www.rtpfcu.org |
| Branches: | 4 branch locations |
| Members: | 9,597 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18550 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $142,576,208 |
| CEO/Manager: | Charles Venable |
| Chairperson: | Cynthia Bland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,080,652 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,754,147 |
| Unsecured Loans | 4,339,517 |
| Other Loans | 50,716,456 |
| TOTAL LOANS | 84,810,120 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,316,934 |
| Land And Building | 4,894,965 |
| Other Fixed Assets | 56,805 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,270,146 |
| All Other Assets | 231,914 |
| TOTAL ASSETS | 142,576,208 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,160,798 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,828,749 |
| Regular shares | 47,778,373 |
| All Other Shares & Deposits | 46,408,110 |
| TOTAL SHARES & DEPOSITS | 131,015,232 |
| TOTAL LIABILITIES | 132,176,030 |
| Regular Reserve | 0 |
| Other Reserves | -754,734 |
| Undivided Earnings | 11,154,912 |
| TOTAL EQUITY | 10,400,178 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 142,576,208 |
| INCOME & EXPENSE | |
| Loan Income | 3,516,569 |
| Investment Income | 1,137,602 |
| Other Income | 442,952 |
| Total Employee Compensation & Benefits | 2,106,783 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,740,074 |
| Non-operating Income & (Expense) | -7,974 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 469,580 |
| Cost of Funds | 984,746 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 251,090 |
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