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R T P FEDERAL CREDIT UNION

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

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 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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