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R T P FEDERAL CREDIT UNION

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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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