Dec, 31, 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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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