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RELIANCE FEDERAL CREDIT UNION

Sep, 30, 2021 — RELIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in KING OF PRUSSIA, PA with 2 branch locations and about $36.35 million in total assets. Opened 81 years ago in 1940, RELIANCE FEDERAL CREDIT UNION has about 2,709 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 231981697
Name:RELIANCE FEDERAL CREDIT UNION
Address:
(Main Office)
20102 VALLEY FORGE CIR
KING OF PRUSSIA, PA 19406-1179
Phone:(610) 783-5229
Fax:(610) 783-6921
Website:http://www.reliancefcu.com
Branches:2 branch locations
Members:2,709
Credit Union Type:Federal Credit Union
Charter Number:4120
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1940
Last Audited:Jun 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$36,345,380
CEO/Manager:Douglas C Rumbaugh
Chairperson:Susan Chally

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,346,380
TOTAL INVESTMENTS 13,635,484
Loans Held for Sale 0
 
 Real Estate Loans 8,801,806
 Unsecured Loans 1,721,966
 Other Loans 4,269,860
 TOTAL LOANS 14,793,632
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -193,321
 Land And Building 20,000
 Other Fixed Assets 29,697
 NCUSIF Deposit 321,663
 All Other Assets 391,845
  TOTAL ASSETS 36,345,380
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 144,181
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,102,455
 Regular shares 18,382,464
 All Other Shares & Deposits 7,737,680
  TOTAL SHARES & DEPOSITS 33,222,599
  TOTAL LIABILITIES 33,366,780
 Regular Reserve 838,812
 Other Reserves 397,097
 Undivided Earnings 1,742,691
  TOTAL EQUITY 2,978,600
  TOTAL LIABILITIES, SHARES, & EQUITY 36,345,380
INCOME & EXPENSE  
 Loan Income 481,095
 Investment Income 141,922
 Other Income 104,422
 Total Employee Compensation & Benefits 316,050
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 339,155
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,000
 Cost of Funds 38,299
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 115,966
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