Dec, 31, 2020 — R T P FEDERAL CREDIT UNION is a federal credit union headquartered in RTP, NC with 4 branch locations and about $133.92 million in total assets. Opened 53 years ago in 1968, R T P FEDERAL CREDIT UNION has about 9,575 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 |
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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: | 9,575 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18550 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $133,918,831 |
CEO/Manager: | Charles Venable |
Chairperson: | Walt O'Neal |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,975,835 |
TOTAL INVESTMENTS | 27,236,741 |
Loans Held for Sale | 0 |
Real Estate Loans | 31,177,568 |
Unsecured Loans | 5,251,979 |
Other Loans | 41,219,460 |
TOTAL LOANS | 77,668,748 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -591,501 |
Land And Building | 5,410,517 |
Other Fixed Assets | 369,106 |
NCUSIF Deposit | 1,133,895 |
All Other Assets | 2,715,490 |
TOTAL ASSETS | 133,918,831 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,017,250 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 35,078,407 |
Regular shares | 49,984,318 |
All Other Shares & Deposits | 36,882,016 |
TOTAL SHARES & DEPOSITS | 121,944,741 |
TOTAL LIABILITIES | 122,961,991 |
Regular Reserve | 1,127,771 |
Other Reserves | 65,109 |
Undivided Earnings | 9,763,960 |
TOTAL EQUITY | 10,956,840 |
TOTAL LIABILITIES, SHARES, & EQUITY | 133,918,831 |
INCOME & EXPENSE | |
Loan Income | 3,052,999 |
Investment Income | 337,112 |
Other Income | 1,183,356 |
Total Employee Compensation & Benefits | 2,200,996 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,125,966 |
Non-operating Income & (Expense) | 6,916 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 201,490 |
Cost of Funds | 150,101 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -98,170 |
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