Mar, 31, 2022 — RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in TAMPA, FL with 9 branch locations and about $481.54 million in total assets. Opened 87 years ago in 1935, RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION has about 42,359 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 N 50th St TAMPA, FL 33619 |
| Phone: | (813) 621-6661 |
| Fax: | (813) 626-5026 |
| Website: | https://www.traxcu.com |
| Branches: | 9 branch locations |
| Members: | 42,359 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $481,539,450 |
| CEO/Manager: | Peter A Giorgianni |
| Chairperson: | Robert H Dexter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 86,976,586 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 49,064,665 |
| Unsecured Loans | 10,579,545 |
| Other Loans | 120,487,944 |
| TOTAL LOANS | 180,132,154 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -984,588 |
| Land And Building | 10,222,375 |
| Other Fixed Assets | 1,076,994 |
| NCUSIF Deposit | 3,679,734 |
| All Other Assets | 48,592 |
| TOTAL ASSETS | 481,539,450 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,717,609 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 76,440,593 |
| Regular shares | 109,890,402 |
| All Other Shares & Deposits | 238,088,101 |
| TOTAL SHARES & DEPOSITS | 424,419,096 |
| TOTAL LIABILITIES | 430,136,705 |
| Regular Reserve | 0 |
| Other Reserves | 3,149,875 |
| Undivided Earnings | 48,252,870 |
| TOTAL EQUITY | 51,402,745 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 481,539,450 |
| INCOME & EXPENSE | |
| Loan Income | 1,815,680 |
| Investment Income | 680,689 |
| Other Income | 946,337 |
| Total Employee Compensation & Benefits | 1,574,528 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,870,101 |
| Non-operating Income & (Expense) | 80,066 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 214,956 |
| Cost of Funds | 423,030 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 430,883 |
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