Dec, 31, 2023 — RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION is a federal credit union headquartered in TAMPA, FL with 9 branch locations and about $474.20 million in total assets. Opened 89 years ago in 1935, RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION has about 44,985 members and employs 86 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: | 44,985 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $474,202,655 |
| CEO/Manager: | Peter A Giorgianni |
| Chairperson: | Tim J McCorkle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,735,406 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 75,852,371 |
| Unsecured Loans | 12,602,924 |
| Other Loans | 153,465,603 |
| TOTAL LOANS | 241,920,898 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,214,032 |
| Land And Building | 9,733,636 |
| Other Fixed Assets | 853,200 |
| NCUSIF Deposit | 4,013,435 |
| All Other Assets | 424,654 |
| TOTAL ASSETS | 474,202,655 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,627,360 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 66,254,205 |
| Regular shares | 95,556,750 |
| All Other Shares & Deposits | 248,266,429 |
| TOTAL SHARES & DEPOSITS | 410,077,384 |
| TOTAL LIABILITIES | 417,704,744 |
| Regular Reserve | 0 |
| Other Reserves | 2,905,923 |
| Undivided Earnings | 53,591,988 |
| TOTAL EQUITY | 56,497,911 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 474,202,655 |
| INCOME & EXPENSE | |
| Loan Income | 14,168,579 |
| Investment Income | 4,574,665 |
| Other Income | 4,132,678 |
| Total Employee Compensation & Benefits | 6,542,442 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,361,410 |
| Non-operating Income & (Expense) | -89,801 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,451,465 |
| Cost of Funds | 5,708,941 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,776,938 |
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