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ROCKET CITY FEDERAL CREDIT UNION

Mar, 31, 2021 — ROCKET CITY FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTSVILLE, AL with 1 branch location and about $63.68 million in total assets. Opened 67 years ago in 1954, ROCKET CITY FEDERAL CREDIT UNION has about 4,904 members and employs 11 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: 262275848
Name:ROCKET CITY FEDERAL CREDIT UNION
Address:
(Main Office)
2200 CLINTON AVE W
HUNTSVILLE, AL 35805-3000
Phone:(256) 533-0541
Fax:(256) 533-4248
Website:http://www.rocketcityfcu.org
Branches:1 branch locations
Members:4,904
Credit Union Type:Federal Credit Union
Charter Number:9662
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$63,682,249
CEO/Manager:Leslie C Stone
Chairperson:Wallace Dorning

Call Report

  • Commercial Loans
  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,194,628
TOTAL INVESTMENTS 18,393,944
Loans Held for Sale 0
 
 Real Estate Loans 1,881,071
 Unsecured Loans 3,835,665
 Other Loans 15,796,779
 TOTAL LOANS 21,683,338
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -146,920
 Land And Building 2,558,920
 Other Fixed Assets 292,351
 NCUSIF Deposit 474,680
 All Other Assets 231,308
  TOTAL ASSETS 63,682,249
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,272,524
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,175,532
 Regular shares 36,195,748
 All Other Shares & Deposits 7,661,693
  TOTAL SHARES & DEPOSITS 55,032,973
  TOTAL LIABILITIES 56,305,497
 Regular Reserve 1,353,276
 Other Reserves -960,720
 Undivided Earnings 6,984,196
  TOTAL EQUITY 7,376,752
  TOTAL LIABILITIES, SHARES, & EQUITY 63,682,249
INCOME & EXPENSE  
 Loan Income 329,924
 Investment Income 57,599
 Other Income 109,262
 Total Employee Compensation & Benefits 214,537
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 313,065
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,654
 Cost of Funds 29,503
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -22,240
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