Dec, 31, 2021 — RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in TAMPA, FL with 9 branch locations and about $460.20 million in total assets. Opened 87 years ago in 1935, RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION has about 42,013 members and employs 85 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 3710 N 50th St TAMPA, FL 33619 |
Phone: | (813) 621-6661 |
Fax: | (813) 626-5026 |
Website: | https://www.traxcu.com |
Branches: | 9 branch locations |
Members: | 42,013 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24703 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $460,198,538 |
CEO/Manager: | Peter A Giorgianni |
Chairperson: | Robert H Dexter |
ASSETS: | $ Amount |
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Cash & Equivalents | 76,545,922 |
TOTAL INVESTMENTS | 164,817,988 |
Loans Held for Sale | 0 |
Real Estate Loans | 52,009,877 |
Unsecured Loans | 9,768,133 |
Other Loans | 119,398,539 |
TOTAL LOANS | 181,176,549 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -962,712 |
Land And Building | 9,176,641 |
Other Fixed Assets | 758,683 |
NCUSIF Deposit | 3,679,734 |
All Other Assets | 25,005,733 |
TOTAL ASSETS | 460,198,538 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,364,811 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 70,771,951 |
Regular shares | 101,471,727 |
All Other Shares & Deposits | 231,643,996 |
TOTAL SHARES & DEPOSITS | 403,887,674 |
TOTAL LIABILITIES | 409,252,485 |
Regular Reserve | 4,776,904 |
Other Reserves | -1,652,837 |
Undivided Earnings | 47,821,986 |
TOTAL EQUITY | 50,946,053 |
TOTAL LIABILITIES, SHARES, & EQUITY | 460,198,538 |
INCOME & EXPENSE | |
Loan Income | 7,736,085 |
Investment Income | 2,409,098 |
Other Income | 3,637,762 |
Total Employee Compensation & Benefits | 5,951,687 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,761,313 |
Non-operating Income & (Expense) | 231,722 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -124,865 |
Cost of Funds | 1,844,712 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,067,033 |
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