Mar, 31, 2022 — R T P FEDERAL CREDIT UNION is a federal credit union headquartered in MORRISVILLE, NC with 4 branch locations and about $151.98 million in total assets. Opened 54 years ago in 1968, R T P FEDERAL CREDIT UNION has about 9,856 members and employs 29 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: | http://www.rtpfcu.org |
| Branches: | 4 branch locations |
| Members: | 9,856 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $151,975,160 |
| CEO/Manager: | Charles Venable |
| Chairperson: | Walt O'Neal |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,342,384 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,656,291 |
| Unsecured Loans | 4,392,085 |
| Other Loans | 42,146,320 |
| TOTAL LOANS | 77,194,696 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -804,365 |
| Land And Building | 5,274,014 |
| Other Fixed Assets | 175,125 |
| NCUSIF Deposit | 1,285,980 |
| All Other Assets | 8,971 |
| TOTAL ASSETS | 151,975,160 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,567,641 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,474,636 |
| Regular shares | 61,356,472 |
| All Other Shares & Deposits | 37,299,258 |
| TOTAL SHARES & DEPOSITS | 143,130,366 |
| TOTAL LIABILITIES | 144,698,007 |
| Regular Reserve | 0 |
| Other Reserves | -1,898,571 |
| Undivided Earnings | 9,175,724 |
| TOTAL EQUITY | 7,277,153 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 151,975,160 |
| INCOME & EXPENSE | |
| Loan Income | 757,578 |
| Investment Income | 94,184 |
| Other Income | 176,076 |
| Total Employee Compensation & Benefits | 509,582 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 597,732 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,930 |
| Cost of Funds | 24,151 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,916 |
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