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RTN FEDERAL CREDIT UNION

Mar, 31, 2021 — RTN FEDERAL CREDIT UNION is a federal credit union headquartered in WALTHAM, MA with 19 branch locations and about $1.06 billion in total assets. Opened 76 years ago in 1945, RTN FEDERAL CREDIT UNION has about 42,884 members and employs 126 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: 211386445
Name:RTN FEDERAL CREDIT UNION
Address:
(Main Office)
600 MAIN ST
WALTHAM, MA 02452
Phone:(781) 736-9900
Fax:(781) 736-9928
Website:http://www.rtn.org
Branches:19 branch locations
Members:42,884
Credit Union Type:Federal Credit Union
Charter Number:24311
Membership Type:Multiple common bond - Primarily primary and fabricated metals
Corporate Credit Union:No
Year Opened:1945
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$1,061,653,567
CEO/Manager:Richard Wright
Chairperson:Arthur R Osborn

Call Report

  • Commercial Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Individual Development Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 90,793,399
TOTAL INVESTMENTS 423,492,503
Loans Held for Sale 0
 
 Real Estate Loans 433,860,193
 Unsecured Loans 29,403,325
 Other Loans 51,675,932
 TOTAL LOANS 514,939,450
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,259,553
 Land And Building 4,403,399
 Other Fixed Assets 1,276,986
 NCUSIF Deposit 8,000,712
 All Other Assets 21,006,671
  TOTAL ASSETS 1,061,653,567
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 34,802,970
 Accounts Payable & Other Liabilities 2,918,280
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 155,980,176
 Regular shares 388,406,586
 All Other Shares & Deposits 388,396,541
  TOTAL SHARES & DEPOSITS 932,783,303
  TOTAL LIABILITIES 970,504,553
 Regular Reserve 10,679,304
 Other Reserves -7,302,340
 Undivided Earnings 87,772,050
  TOTAL EQUITY 91,149,014
  TOTAL LIABILITIES, SHARES, & EQUITY 1,061,653,567
INCOME & EXPENSE  
 Loan Income 5,503,311
 Investment Income 953,859
 Other Income 694,938
 Total Employee Compensation & Benefits 3,234,439
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,975,214
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 150,000
 Cost of Funds 1,484,563
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 144,492
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