Dec, 31, 2022 — RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in TAMPA, FL with 9 branch locations and about $482.50 million in total assets. Opened 88 years ago in 1935, RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION has about 43,303 members and employs 84 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 |
|---|---|
| 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: | 43,303 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24703 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $482,503,691 |
| CEO/Manager: | Peter A Giorgianni |
| Chairperson: | Robert H Dexter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,825,847 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 71,407,183 |
| Unsecured Loans | 11,638,866 |
| Other Loans | 151,560,168 |
| TOTAL LOANS | 234,606,217 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,146,280 |
| Land And Building | 10,090,930 |
| Other Fixed Assets | 1,169,289 |
| NCUSIF Deposit | 3,804,242 |
| All Other Assets | 82,541 |
| TOTAL ASSETS | 482,503,691 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,443,437 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 78,214,357 |
| Regular shares | 111,030,227 |
| All Other Shares & Deposits | 234,721,195 |
| TOTAL SHARES & DEPOSITS | 423,965,779 |
| TOTAL LIABILITIES | 429,409,216 |
| Regular Reserve | 0 |
| Other Reserves | 2,416,342 |
| Undivided Earnings | 50,678,133 |
| TOTAL EQUITY | 53,094,475 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 482,503,691 |
| INCOME & EXPENSE | |
| Loan Income | 6,417,747 |
| Investment Income | 2,531,129 |
| Other Income | 2,972,939 |
| Total Employee Compensation & Benefits | 4,687,827 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,646,394 |
| Non-operating Income & (Expense) | 144,638 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 717,270 |
| Cost of Funds | 1,249,013 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,856,148 |
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