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R T P FEDERAL CREDIT UNION

Sep, 30, 2022 — R T P FEDERAL CREDIT UNION is a federal credit union headquartered in MORRISVILLE, NC with 4 branch locations and about $148.06 million in total assets. Opened 55 years ago in 1968, R T P FEDERAL CREDIT UNION has about 10,235 members and employs 30 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:10,235
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$148,060,746
CEO/Manager:Charles Venable
Chairperson:Walt O'Neal

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,263,559
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 33,096,408
 Unsecured Loans 4,505,740
 Other Loans 59,120,904
 TOTAL LOANS 96,723,052
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -868,330
 Land And Building 5,219,412
 Other Fixed Assets 119,900
 NCUSIF Deposit 1,360,089
 All Other Assets 0
  TOTAL ASSETS 148,060,746
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,163,633
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 43,414,204
 Regular shares 62,663,935
 All Other Shares & Deposits 34,924,777
  TOTAL SHARES & DEPOSITS 141,002,916
  TOTAL LIABILITIES 142,166,549
 Regular Reserve 0
 Other Reserves -3,463,307
 Undivided Earnings 9,357,504
  TOTAL EQUITY 5,894,197
  TOTAL LIABILITIES, SHARES, & EQUITY 148,060,746
INCOME & EXPENSE  
 Loan Income 2,488,973
 Investment Income 367,808
 Other Income 509,789
 Total Employee Compensation & Benefits 1,628,614
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,910,933
 Non-operating Income & (Expense) 146,106
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 163,747
 Cost of Funds 58,152
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 224,698
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