Dec, 31, 2020 — R T P FEDERAL CREDIT UNION is a federal credit union headquartered in RTP, NC with 4 branch locations and about $133.92 million in total assets. Opened 53 years ago in 1968, R T P FEDERAL CREDIT UNION has about 9,575 members and employs 28 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) | P O Box 12807 RTP, NC 27709 |
| Phone: | (919) 941-5700 |
| Fax: | (919) 484-8435 |
| Website: | http://www.rtpfcu.org |
| Branches: | 4 branch locations |
| Members: | 9,575 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $133,918,831 |
| CEO/Manager: | Charles Venable |
| Chairperson: | Walt O'Neal |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,975,835 |
| TOTAL INVESTMENTS | 27,236,741 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,177,568 |
| Unsecured Loans | 5,251,979 |
| Other Loans | 41,219,460 |
| TOTAL LOANS | 77,668,748 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -591,501 |
| Land And Building | 5,410,517 |
| Other Fixed Assets | 369,106 |
| NCUSIF Deposit | 1,133,895 |
| All Other Assets | 2,715,490 |
| TOTAL ASSETS | 133,918,831 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,017,250 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,078,407 |
| Regular shares | 49,984,318 |
| All Other Shares & Deposits | 36,882,016 |
| TOTAL SHARES & DEPOSITS | 121,944,741 |
| TOTAL LIABILITIES | 122,961,991 |
| Regular Reserve | 1,127,771 |
| Other Reserves | 65,109 |
| Undivided Earnings | 9,763,960 |
| TOTAL EQUITY | 10,956,840 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 133,918,831 |
| INCOME & EXPENSE | |
| Loan Income | 3,052,999 |
| Investment Income | 337,112 |
| Other Income | 1,183,356 |
| Total Employee Compensation & Benefits | 2,200,996 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,125,966 |
| Non-operating Income & (Expense) | 6,916 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 201,490 |
| Cost of Funds | 150,101 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -98,170 |
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