Dec, 31, 2023 — USAGENCIES CREDIT UNION is a federally insured state chartered credit union headquartered in PORTLAND, OR with 2 branch locations and about $98.95 million in total assets. Opened 88 years ago in 1936, USAGENCIES CREDIT UNION has about 4,926 members and employs 20 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) | 95 SW Taylor St PORTLAND, OR 97204 |
| Phone: | (503) 275-0300 |
| Fax: | (503) 275-0317 |
| Website: | https://www.forritcu.org |
| Branches: | 2 branch locations |
| Members: | 4,926 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $98,950,614 |
| CEO/Manager: | Justin Olson |
| Chairperson: | Lorene Bay |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,735,648 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,511,141 |
| Unsecured Loans | 9,118,007 |
| Other Loans | 20,833,323 |
| TOTAL LOANS | 64,462,471 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -264,555 |
| Land And Building | 0 |
| Other Fixed Assets | 956,357 |
| NCUSIF Deposit | 875,856 |
| All Other Assets | 0 |
| TOTAL ASSETS | 98,950,614 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 692,788 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,030,162 |
| Regular shares | 20,620,966 |
| All Other Shares & Deposits | 47,920,739 |
| TOTAL SHARES & DEPOSITS | 87,571,867 |
| TOTAL LIABILITIES | 88,266,410 |
| Regular Reserve | 0 |
| Other Reserves | 1,484,000 |
| Undivided Earnings | 9,200,204 |
| TOTAL EQUITY | 10,684,204 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 98,950,614 |
| INCOME & EXPENSE | |
| Loan Income | 3,005,011 |
| Investment Income | 819,335 |
| Other Income | 372,699 |
| Total Employee Compensation & Benefits | 1,933,242 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,957,743 |
| Non-operating Income & (Expense) | 222,637 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 311,421 |
| Cost of Funds | 348,333 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 223,970 |
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