Dec, 31, 2023 — RAH FEDERAL CREDIT UNION is a federal credit union headquartered in RANDOLPH, MA with 1 branch location and about $21.08 million in total assets. Opened 62 years ago in 1962, RAH FEDERAL CREDIT UNION has about 1,883 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RAH FEDERAL CREDIT UNION |
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Address: (Main Office) | 45 DIAUTO DR RANDOLPH, MA 02368-4501 |
Phone: | (781) 961-2417 |
Fax: | (781) 986-6467 |
Website: | https://www.rahfcu.org |
Branches: | 1 branch locations |
Members: | 1,883 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14845 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,078,819 |
CEO/Manager: | Donna Maguire |
Chairperson: | Kenneth P Ouellette |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,933,685 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,954,108 |
Unsecured Loans | 1,494,729 |
Other Loans | 2,455,148 |
TOTAL LOANS | 14,903,985 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,686 |
Land And Building | 50,000 |
Other Fixed Assets | 17,447 |
NCUSIF Deposit | 196,950 |
All Other Assets | 0 |
TOTAL ASSETS | 21,078,819 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 85,686 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,538,710 |
Regular shares | 8,133,137 |
All Other Shares & Deposits | 8,077,138 |
TOTAL SHARES & DEPOSITS | 18,748,986 |
TOTAL LIABILITIES | 18,834,672 |
Regular Reserve | 0 |
Other Reserves | 469,173 |
Undivided Earnings | 1,774,974 |
TOTAL EQUITY | 2,244,147 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,078,819 |
INCOME & EXPENSE | |
Loan Income | 683,435 |
Investment Income | 226,526 |
Other Income | 36,728 |
Total Employee Compensation & Benefits | 364,847 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 327,350 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 160,961 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 120,888 |
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