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