Dec, 31, 2023 — CAPITAL AREA REALTORS FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE, MD with 1 branch location and about $20.77 million in total assets. Opened 53 years ago in 1971, CAPITAL AREA REALTORS FEDERAL CREDIT UNION has about 1,763 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CAPITAL AREA REALTORS FEDERAL CREDIT UNION |
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Address: (Main Office) | 15201 Diamondback Dr ROCKVILLE, MD 20850-3312 |
Phone: | (240) 314-0734 |
Fax: | (877) 471-0402 |
Website: | https://www.carfcu.org |
Branches: | 1 branch locations |
Members: | 1,763 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20543 |
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Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $20,767,382 |
CEO/Manager: | Rajan Mahajan |
Chairperson: | Harold Huggins |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,537,444 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,497,545 |
Unsecured Loans | 334,836 |
Other Loans | 2,055,308 |
TOTAL LOANS | 11,887,689 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,156 |
Land And Building | 0 |
Other Fixed Assets | 179,209 |
NCUSIF Deposit | 160,358 |
All Other Assets | 0 |
TOTAL ASSETS | 20,767,382 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 85,765 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,147,627 |
Regular shares | 3,009,552 |
All Other Shares & Deposits | 13,262,240 |
TOTAL SHARES & DEPOSITS | 18,419,419 |
TOTAL LIABILITIES | 18,505,184 |
Regular Reserve | 0 |
Other Reserves | 157,277 |
Undivided Earnings | 2,104,921 |
TOTAL EQUITY | 2,262,198 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,767,382 |
INCOME & EXPENSE | |
Loan Income | 888,110 |
Investment Income | 206,228 |
Other Income | 91,792 |
Total Employee Compensation & Benefits | 982,374 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 560,097 |
Non-operating Income & (Expense) | 75,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 68,913 |
Cost of Funds | 210,278 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 403,964 |
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» See also Statement of Financial Condition