Mar, 31, 2021 — IBEW/SJ CASCADE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, OR with 1 branch location and about $22.34 million in total assets. Opened 60 years ago in 1961, IBEW/SJ CASCADE FEDERAL CREDIT UNION has about 2,641 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: | http://ibewsjcu.org |
| Branches: | 1 branch locations |
| Members: | 2,641 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14402 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,344,148 |
| CEO/Manager: | Mike Ruda |
| Chairperson: | Gregory A McLeod |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,789,827 |
| TOTAL INVESTMENTS | 3,239,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,837,125 |
| Unsecured Loans | 1,275,052 |
| Other Loans | 5,782,318 |
| TOTAL LOANS | 12,894,495 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,230 |
| Land And Building | 231,926 |
| Other Fixed Assets | 6,041 |
| NCUSIF Deposit | 144,159 |
| All Other Assets | 128,930 |
| TOTAL ASSETS | 22,344,148 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 201,570 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,462,787 |
| Regular shares | 10,414,695 |
| All Other Shares & Deposits | 5,353,323 |
| TOTAL SHARES & DEPOSITS | 20,230,805 |
| TOTAL LIABILITIES | 20,432,375 |
| Regular Reserve | 434,787 |
| Other Reserves | 0 |
| Undivided Earnings | 1,476,986 |
| TOTAL EQUITY | 1,911,773 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,344,148 |
| INCOME & EXPENSE | |
| Loan Income | 162,076 |
| Investment Income | 5,240 |
| Other Income | 17,829 |
| Total Employee Compensation & Benefits | 83,634 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 57,461 |
| Non-operating Income & (Expense) | 4,282 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,000 |
| Cost of Funds | 8,972 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 46,616 |
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