Dec, 31, 2023 — ROCKET CITY FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTSVILLE, AL with 1 branch location and about $62.34 million in total assets. Opened 70 years ago in 1954, ROCKET CITY FEDERAL CREDIT UNION has about 5,244 members and employs 13 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 |
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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: | 5,244 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9662 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $62,343,173 |
CEO/Manager: | Stephanie Moore |
Chairperson: | Wallace Dorning |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,426,555 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 954,185 |
Unsecured Loans | 4,194,098 |
Other Loans | 22,802,083 |
TOTAL LOANS | 27,980,375 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,759 |
Land And Building | 2,370,333 |
Other Fixed Assets | 473,560 |
NCUSIF Deposit | 543,645 |
All Other Assets | 5,651 |
TOTAL ASSETS | 62,343,173 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 692,793 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,305,041 |
Regular shares | 33,635,276 |
All Other Shares & Deposits | 6,571,866 |
TOTAL SHARES & DEPOSITS | 52,512,183 |
TOTAL LIABILITIES | 53,204,976 |
Regular Reserve | 0 |
Other Reserves | 969,613 |
Undivided Earnings | 8,168,584 |
TOTAL EQUITY | 9,138,197 |
TOTAL LIABILITIES, SHARES, & EQUITY | 62,343,173 |
INCOME & EXPENSE | |
Loan Income | 1,589,604 |
Investment Income | 862,979 |
Other Income | 417,987 |
Total Employee Compensation & Benefits | 918,958 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,333,349 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,320 |
Cost of Funds | 215,817 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 803,739 |
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