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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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