Dec, 31, 2023 — IBEW/SJ CASCADE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, OR with 1 branch location and about $22.56 million in total assets. Opened 63 years ago in 1961, IBEW/SJ CASCADE FEDERAL CREDIT UNION has about 2,658 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 |
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Address: (Main Office) | 1825 12th St SE Ste 130 SALEM, OR 97302-2159 |
Phone: | (503) 581-6221 |
Fax: | (503) 588-8165 |
Website: | https://ibewsjcu.org |
Branches: | 1 branch locations |
Members: | 2,658 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14402 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,556,741 |
CEO/Manager: | Mike Ruda |
Chairperson: | Gregory A McLeod |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,390,757 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,338,515 |
Unsecured Loans | 1,414,898 |
Other Loans | 7,442,117 |
TOTAL LOANS | 15,195,530 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -142,019 |
Land And Building | 308,962 |
Other Fixed Assets | 1,286 |
NCUSIF Deposit | 205,363 |
All Other Assets | 0 |
TOTAL ASSETS | 22,556,741 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 480,370 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,888,809 |
Regular shares | 8,856,355 |
All Other Shares & Deposits | 6,846,383 |
TOTAL SHARES & DEPOSITS | 19,591,547 |
TOTAL LIABILITIES | 20,071,917 |
Regular Reserve | 0 |
Other Reserves | 434,787 |
Undivided Earnings | 2,050,037 |
TOTAL EQUITY | 2,484,824 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,556,741 |
INCOME & EXPENSE | |
Loan Income | 745,852 |
Investment Income | 160,723 |
Other Income | 56,865 |
Total Employee Compensation & Benefits | 360,817 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 301,817 |
Non-operating Income & (Expense) | -11,120 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,000 |
Cost of Funds | 126,013 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 198,406 |
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