Jun, 30, 2024 — USAGENCIES CREDIT UNION is a federally insured state chartered credit union headquartered in PORTLAND, OR with 2 branch locations and about $106.16 million in total assets. Opened 89 years ago in 1936, USAGENCIES CREDIT UNION has about 5,622 members and employs 19 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 |
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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: | 5,622 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64103 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $106,162,864 |
CEO/Manager: | Justin Olson |
Chairperson: | William Kirchner |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,177,204 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 33,394,749 |
Unsecured Loans | 9,023,868 |
Other Loans | 24,555,293 |
TOTAL LOANS | 66,973,910 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,964 |
Land And Building | 0 |
Other Fixed Assets | 1,083,011 |
NCUSIF Deposit | 918,191 |
All Other Assets | 0 |
TOTAL ASSETS | 106,162,864 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 410,281 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,596,229 |
Regular shares | 23,290,646 |
All Other Shares & Deposits | 51,302,846 |
TOTAL SHARES & DEPOSITS | 95,189,721 |
TOTAL LIABILITIES | 95,600,002 |
Regular Reserve | 0 |
Other Reserves | 1,484,000 |
Undivided Earnings | 9,078,862 |
TOTAL EQUITY | 10,562,862 |
TOTAL LIABILITIES, SHARES, & EQUITY | 106,162,864 |
INCOME & EXPENSE | |
Loan Income | 1,825,967 |
Investment Income | 178,467 |
Other Income | 346,284 |
Total Employee Compensation & Benefits | 1,297,783 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,369,956 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,550 |
Cost of Funds | 95,279 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -134,124 |
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