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CAPITAL AREA REALTORS FEDERAL CREDIT UNION

Dec, 31, 2020 — CAPITAL AREA REALTORS FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE, MD with 1 branch location and about $18.50 million in total assets. Opened 50 years ago in 1971, CAPITAL AREA REALTORS FEDERAL CREDIT UNION has about 1,522 members and employs 9 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)
P.O. BOX 1573
ROCKVILLE, MD 20849-1573
Phone:(240) 314-0734
Fax:(240) 314-0738
Website:http://www.carfcu.org
Branches:1 branch locations
Members:1,522
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$18,498,331
CEO/Manager:RAJ MAHAJAN
Chairperson:harold huggins

Call Report

  • Commercial Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Real Estate Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,298,834
TOTAL INVESTMENTS 1,439,997
Loans Held for Sale 2,879,104
 
 Real Estate Loans 4,959,215
 Unsecured Loans 3,540,190
 Other Loans 2,174,252
 TOTAL LOANS 10,673,657
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -88,576
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 114,809
 All Other Assets 180,506
  TOTAL ASSETS 18,498,331
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 4,360,977
 Accounts Payable & Other Liabilities 11,027
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,063,949
 Regular shares 2,527,271
 All Other Shares & Deposits 6,891,440
  TOTAL SHARES & DEPOSITS 12,482,660
  TOTAL LIABILITIES 16,854,664
 Regular Reserve 157,277
 Other Reserves 0
 Undivided Earnings 1,486,390
  TOTAL EQUITY 1,643,667
  TOTAL LIABILITIES, SHARES, & EQUITY 18,498,331
INCOME & EXPENSE  
 Loan Income 608,525
 Investment Income 10,732
 Other Income 3,867,086
 Total Employee Compensation & Benefits 2,577,337
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 944,303
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 70,057
 Cost of Funds 377,668
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 516,978
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