Jun, 30, 2024 — CAPITAL AREA REALTORS FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE, MD with 1 branch location and about $20.55 million in total assets. Opened 54 years ago in 1971, CAPITAL AREA REALTORS FEDERAL CREDIT UNION has about 1,793 members and employs 10 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 |
|---|---|
| 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: | 1,793 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20543 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Jul 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $20,549,727 |
| CEO/Manager: | Rajan Mahajan |
| Chairperson: | Harold Huggins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,555,388 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,531,942 |
| Unsecured Loans | 477,123 |
| Other Loans | 2,639,020 |
| TOTAL LOANS | 11,648,085 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,313 |
| Land And Building | 0 |
| Other Fixed Assets | 229,962 |
| NCUSIF Deposit | 192,229 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,549,727 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -4,157 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,721,109 |
| Regular shares | 3,124,540 |
| All Other Shares & Deposits | 11,875,310 |
| TOTAL SHARES & DEPOSITS | 18,720,959 |
| TOTAL LIABILITIES | 18,716,802 |
| Regular Reserve | 0 |
| Other Reserves | 157,277 |
| Undivided Earnings | 1,675,648 |
| TOTAL EQUITY | 1,832,925 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,549,727 |
| INCOME & EXPENSE | |
| Loan Income | 291,031 |
| Investment Income | 112,920 |
| Other Income | 25,962 |
| Total Employee Compensation & Benefits | 688,195 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 304,557 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -18,362 |
| Cost of Funds | 53,641 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,436 |
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