Dec, 31, 2021 — R T P FEDERAL CREDIT UNION is a federal credit union headquartered in MORRISVILLE, NC with 4 branch locations and about $148.58 million in total assets. Opened 54 years ago in 1968, R T P FEDERAL CREDIT UNION has about 9,708 members and employs 27 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 |
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Address: (Main Office) | 384 Davis Dr MORRISVILLE, NC 27560-6336 |
Phone: | (919) 941-5700 |
Fax: | (919) 484-8435 |
Website: | http://www.rtpfcu.org |
Branches: | 4 branch locations |
Members: | 9,708 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18550 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $148,584,373 |
CEO/Manager: | Charles Venable |
Chairperson: | Walt O'Neal |
ASSETS: | $ Amount |
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Cash & Equivalents | 27,441,583 |
TOTAL INVESTMENTS | 38,145,029 |
Loans Held for Sale | 0 |
Real Estate Loans | 31,235,548 |
Unsecured Loans | 4,822,630 |
Other Loans | 40,193,172 |
TOTAL LOANS | 76,267,183 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -847,553 |
Land And Building | 5,301,314 |
Other Fixed Assets | 202,581 |
NCUSIF Deposit | 1,285,980 |
All Other Assets | 788,256 |
TOTAL ASSETS | 148,584,373 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,186,906 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 41,404,964 |
Regular shares | 59,145,349 |
All Other Shares & Deposits | 38,338,342 |
TOTAL SHARES & DEPOSITS | 138,888,655 |
TOTAL LIABILITIES | 140,075,561 |
Regular Reserve | 1,127,771 |
Other Reserves | -623,996 |
Undivided Earnings | 8,005,037 |
TOTAL EQUITY | 8,508,812 |
TOTAL LIABILITIES, SHARES, & EQUITY | 148,584,373 |
INCOME & EXPENSE | |
Loan Income | 3,061,113 |
Investment Income | 322,733 |
Other Income | 620,619 |
Total Employee Compensation & Benefits | 2,024,206 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,248,774 |
Non-operating Income & (Expense) | -1,670,453 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 339,599 |
Cost of Funds | 157,511 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,758,924 |
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