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CAPITAL AREA TAIWANESE FEDERAL CREDIT UNION

Mar, 31, 2022 — CAPITAL AREA TAIWANESE FEDERAL CREDIT UNION is a federal credit union headquartered in BOYDS, MD with 1 branch location and about $14.38 million in total assets. Opened 45 years ago in 1977, CAPITAL AREA TAIWANESE FEDERAL CREDIT UNION has about 485 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CAPITAL AREA TAIWANESE FEDERAL CREDIT UNION
Address:
(Main Office)
14403 Harvest Moon Rd
BOYDS, MD 20841-4354
Phone:(301) 916-1008
Fax:
Website:n/a
Branches:1 branch locations
Members:485
Credit Union Type:Federal Credit Union
Charter Number:22652
Membership Type:Associational - Fraternal, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1977
Last Audited:Feb 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$14,384,897
CEO/Manager:Ming-Shyong Wu
Chairperson:Calvin Wei

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 644,701
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,435,697
 Unsecured Loans 94,778
 Other Loans 82,704
 TOTAL LOANS 9,800,886
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -115,086
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 134,950
 All Other Assets 0
  TOTAL ASSETS 14,384,897
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,227
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 493,120
 All Other Shares & Deposits 12,495,152
  TOTAL SHARES & DEPOSITS 12,988,272
  TOTAL LIABILITIES 12,990,499
 Regular Reserve 0
 Other Reserves 156,444
 Undivided Earnings 1,237,954
  TOTAL EQUITY 1,394,398
  TOTAL LIABILITIES, SHARES, & EQUITY 14,384,897
INCOME & EXPENSE  
 Loan Income 75,242
 Investment Income 14,346
 Other Income 9
 Total Employee Compensation & Benefits 10,881
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,178
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 44,746
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 26,792
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