Mar, 31, 2021 — RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in TAMPA, FL with 9 branch locations and about $441.18 million in total assets. Opened 86 years ago in 1935, RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION has about 41,297 members and employs 82 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 50TH ST N TAMPA, FL 33619 |
| Phone: | (813) 621-6661 |
| Fax: | (813) 626-5026 |
| Website: | http://www.rifcu.org |
| Branches: | 9 branch locations |
| Members: | 41,297 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $441,181,988 |
| CEO/Manager: | Peter A Giorgianni |
| Chairperson: | Jasper A Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 80,953,868 |
| TOTAL INVESTMENTS | 144,379,812 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 56,794,958 |
| Unsecured Loans | 9,370,421 |
| Other Loans | 116,978,997 |
| TOTAL LOANS | 183,144,376 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,393,158 |
| Land And Building | 9,019,129 |
| Other Fixed Assets | 918,649 |
| NCUSIF Deposit | 3,474,436 |
| All Other Assets | 20,684,876 |
| TOTAL ASSETS | 441,181,988 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,701,273 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 71,100,182 |
| Regular shares | 100,191,675 |
| All Other Shares & Deposits | 217,612,709 |
| TOTAL SHARES & DEPOSITS | 388,904,566 |
| TOTAL LIABILITIES | 394,605,839 |
| Regular Reserve | 4,776,904 |
| Other Reserves | -2,991,654 |
| Undivided Earnings | 44,790,899 |
| TOTAL EQUITY | 46,576,149 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 441,181,988 |
| INCOME & EXPENSE | |
| Loan Income | 2,059,745 |
| Investment Income | 548,101 |
| Other Income | 853,923 |
| Total Employee Compensation & Benefits | 1,474,155 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,387,380 |
| Non-operating Income & (Expense) | 7,776 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 95,000 |
| Cost of Funds | 488,673 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,035,945 |
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