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 |
|---|---|
| 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 |
| 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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