Dec, 31, 2023 — R T P FEDERAL CREDIT UNION is a federal credit union headquartered in MORRISVILLE, NC with 4 branch locations and about $140.67 million in total assets. Opened 56 years ago in 1968, R T P FEDERAL CREDIT UNION has about 10,309 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | R T P FEDERAL CREDIT UNION |
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Address: (Main Office) | 384 Davis Dr MORRISVILLE, NC 27560-6336 |
Phone: | (919) 941-5700 |
Fax: | (919) 484-8435 |
Website: | https://www.rtpfcu.org |
Branches: | 4 branch locations |
Members: | 10,309 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18550 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $140,674,106 |
CEO/Manager: | Charles Venable |
Chairperson: | Walt O'Neal |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,621,722 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 33,834,732 |
Unsecured Loans | 4,669,386 |
Other Loans | 62,822,063 |
TOTAL LOANS | 101,326,181 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,198,190 |
Land And Building | 5,086,217 |
Other Fixed Assets | 86,213 |
NCUSIF Deposit | 1,294,572 |
All Other Assets | 114,009 |
TOTAL ASSETS | 140,674,106 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,639,152 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 37,589,813 |
Regular shares | 51,228,829 |
All Other Shares & Deposits | 41,805,312 |
TOTAL SHARES & DEPOSITS | 130,623,954 |
TOTAL LIABILITIES | 132,263,106 |
Regular Reserve | 0 |
Other Reserves | -2,032,415 |
Undivided Earnings | 10,443,415 |
TOTAL EQUITY | 8,411,000 |
TOTAL LIABILITIES, SHARES, & EQUITY | 140,674,106 |
INCOME & EXPENSE | |
Loan Income | 4,946,369 |
Investment Income | 394,270 |
Other Income | 669,960 |
Total Employee Compensation & Benefits | 2,436,444 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,384,073 |
Non-operating Income & (Expense) | 40 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 191,422 |
Cost of Funds | 883,550 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,238,051 |
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