Sep, 30, 2022 — ROCKET CITY FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTSVILLE, AL with 1 branch location and about $68.60 million in total assets. Opened 69 years ago in 1954, ROCKET CITY FEDERAL CREDIT UNION has about 5,037 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | https://www.rocketcityfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,037 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $68,603,175 |
| CEO/Manager: | Stephanie Moore |
| Chairperson: | Wallace Dorning |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,877,955 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,329,325 |
| Unsecured Loans | 3,765,616 |
| Other Loans | 16,950,348 |
| TOTAL LOANS | 22,080,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,095 |
| Land And Building | 2,456,054 |
| Other Fixed Assets | 372,917 |
| NCUSIF Deposit | 569,470 |
| All Other Assets | 0 |
| TOTAL ASSETS | 68,603,175 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 674,725 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,684,614 |
| Regular shares | 37,915,685 |
| All Other Shares & Deposits | 8,615,210 |
| TOTAL SHARES & DEPOSITS | 60,215,509 |
| TOTAL LIABILITIES | 60,890,234 |
| Regular Reserve | 0 |
| Other Reserves | 480,035 |
| Undivided Earnings | 7,232,906 |
| TOTAL EQUITY | 7,712,941 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,603,175 |
| INCOME & EXPENSE | |
| Loan Income | 952,609 |
| Investment Income | 246,982 |
| Other Income | 392,529 |
| Total Employee Compensation & Benefits | 663,875 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 974,843 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -21,527 |
| Cost of Funds | 67,652 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 149,966 |
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