Sep, 30, 2025 — IBEW/SJ CASCADE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, OR with 1 branch location and about $22.06 million in total assets. Opened 65 years ago in 1961, IBEW/SJ CASCADE FEDERAL CREDIT UNION has about 2,786 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IBEW/SJ CASCADE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1825 12th St SE Ste 130 SALEM, OR 97302-2159 |
| Phone: | (503) 581-6221 |
| Fax: | (503) 588-8165 |
| Website: | https://www.ibewsjcu.org |
| Branches: | 1 branch locations |
| Members: | 2,786 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14402 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,064,425 |
| CEO/Manager: | Lisa Swartwout |
| Chairperson: | Gregory A McLeod |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,491,828 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,603,932 |
| Unsecured Loans | 1,303,798 |
| Other Loans | 8,413,498 |
| TOTAL LOANS | 14,324,997 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -209,899 |
| Land And Building | 270,613 |
| Other Fixed Assets | 1,286 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 184,658 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,064,425 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 107,762 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,332,998 |
| Regular shares | 9,195,324 |
| All Other Shares & Deposits | 6,554,385 |
| TOTAL SHARES & DEPOSITS | 19,082,707 |
| TOTAL LIABILITIES | 19,190,469 |
| Regular Reserve | 0 |
| Other Reserves | 434,787 |
| Undivided Earnings | 2,439,169 |
| TOTAL EQUITY | 2,873,956 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,064,425 |
| INCOME & EXPENSE | |
| Loan Income | 636,359 |
| Investment Income | 174,139 |
| Other Income | 61,751 |
| Total Employee Compensation & Benefits | 286,513 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 272,708 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,000 |
| Cost of Funds | 111,990 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 210,863 |
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