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ROCKLAND FEDERAL CREDIT UNION

Mar, 31, 2021 — ROCKLAND FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKLAND, MA with 8 branch locations and about $2.42 billion in total assets. Opened 36 years ago in 1985, ROCKLAND FEDERAL CREDIT UNION has about 192,685 members and employs 192 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211373348
Name:ROCKLAND FEDERAL CREDIT UNION
Address:
(Main Office)
241 UNION ST
ROCKLAND, MA 02370
Phone:(781) 878-0232
Fax:(781) 878-7870
Website:http://www.rfcu.com
Branches:8 branch locations
Members:192,685
Credit Union Type:Federal Credit Union
Charter Number:24224
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1985
Last Audited:Jun 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$2,418,665,406
CEO/Manager:Thomas C White
Chairperson:Stephen T Gorman

Call Report

  • Commercial Loans
  • Direct Financing Leases
  • Indirect Consumer Loans
  • Micro Business Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 381,022,221
TOTAL INVESTMENTS 5,598,111
Loans Held for Sale 581,400
 
 Real Estate Loans 861,172,393
 Unsecured Loans 46,667,582
 Other Loans 1,109,058,485
 TOTAL LOANS 2,016,898,460
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,530,750
 Land And Building 3,844,262
 Other Fixed Assets 3,467,747
 NCUSIF Deposit 16,802,875
 All Other Assets 9,981,080
  TOTAL ASSETS 2,418,665,406
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 70,000,000
 Accounts Payable & Other Liabilities 19,782,419
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 461,554,553
 Regular shares 489,069,546
 All Other Shares & Deposits 1,122,699,824
  TOTAL SHARES & DEPOSITS 2,073,323,923
  TOTAL LIABILITIES 2,163,106,342
 Regular Reserve 8,055,183
 Other Reserves 455,795
 Undivided Earnings 247,048,086
  TOTAL EQUITY 255,559,064
  TOTAL LIABILITIES, SHARES, & EQUITY 2,418,665,406
INCOME & EXPENSE  
 Loan Income 16,730,738
 Investment Income 134,561
 Other Income 598,006
 Total Employee Compensation & Benefits 4,103,847
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,267,628
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 300,000
 Cost of Funds 3,727,746
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,956,633
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