Sep, 30, 2025 — USAGENCIES CREDIT UNION is a federally insured state chartered credit union headquartered in CLACKAMAS, OR with 3 branch locations and about $88.42 million in total assets. Opened 90 years ago in 1936, USAGENCIES CREDIT UNION has about 4,594 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | USAGENCIES CREDIT UNION |
|---|---|
| Address: (Main Office) | 12550 SE 93rd Ave CLACKAMAS, OR 97015 |
| Phone: | (503) 275-0300 |
| Fax: | (503) 275-0317 |
| Website: | https://www.forritcu.org |
| Branches: | 3 branch locations |
| Members: | 4,594 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64103 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $88,420,674 |
| CEO/Manager: | Justin Olson |
| Chairperson: | Lorene Bay |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,365,908 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,114,140 |
| Unsecured Loans | 8,323,367 |
| Other Loans | 18,035,528 |
| TOTAL LOANS | 65,473,035 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,112,129 |
| Land And Building | 0 |
| Other Fixed Assets | 2,028,962 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 795,250 |
| All Other Assets | 26,500 |
| TOTAL ASSETS | 88,420,674 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 595,240 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,721,314 |
| Regular shares | 20,686,905 |
| All Other Shares & Deposits | 37,336,944 |
| TOTAL SHARES & DEPOSITS | 78,745,163 |
| TOTAL LIABILITIES | 79,348,265 |
| Regular Reserve | 0 |
| Other Reserves | 1,484,000 |
| Undivided Earnings | 7,588,409 |
| TOTAL EQUITY | 9,072,409 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 88,420,674 |
| INCOME & EXPENSE | |
| Loan Income | 2,572,750 |
| Investment Income | 764,387 |
| Other Income | 266,462 |
| Total Employee Compensation & Benefits | 1,764,154 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,017,537 |
| Non-operating Income & (Expense) | 83,959 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,219,758 |
| Cost of Funds | 245,977 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,304,810 |
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