Mar, 31, 2021 — R T P FEDERAL CREDIT UNION is a federal credit union headquartered in RTP, NC with 4 branch locations and about $141.52 million in total assets. Opened 53 years ago in 1968, R T P FEDERAL CREDIT UNION has about 9,589 members and employs 28 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) | P O Box 12807 RTP, NC 27709 |
| Phone: | (919) 941-5700 |
| Fax: | (919) 484-8435 |
| Website: | http://www.rtpfcu.org |
| Branches: | 4 branch locations |
| Members: | 9,589 |
| 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: | $141,524,220 |
| CEO/Manager: | Charles Venable |
| Chairperson: | Walt O'Neal |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,097,946 |
| TOTAL INVESTMENTS | 29,296,041 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,147,676 |
| Unsecured Loans | 4,874,929 |
| Other Loans | 39,941,282 |
| TOTAL LOANS | 75,982,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -579,977 |
| Land And Building | 5,383,216 |
| Other Fixed Assets | 329,619 |
| NCUSIF Deposit | 1,133,895 |
| All Other Assets | 2,881,025 |
| TOTAL ASSETS | 141,524,220 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,057,680 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,526,248 |
| Regular shares | 55,067,983 |
| All Other Shares & Deposits | 37,105,631 |
| TOTAL SHARES & DEPOSITS | 129,699,862 |
| TOTAL LIABILITIES | 130,757,542 |
| Regular Reserve | 1,127,771 |
| Other Reserves | -194,113 |
| Undivided Earnings | 9,833,020 |
| TOTAL EQUITY | 10,766,678 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 141,524,220 |
| INCOME & EXPENSE | |
| Loan Income | 756,006 |
| Investment Income | 70,614 |
| Other Income | 145,722 |
| Total Employee Compensation & Benefits | 475,916 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 547,297 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,444 |
| Cost of Funds | 38,550 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 69,060 |
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