Jun, 30, 2024 — TRAILHEAD FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, OR with 3 branch locations and about $165.19 million in total assets. Opened 90 years ago in 1935, TRAILHEAD FEDERAL CREDIT UNION has about 8,904 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRAILHEAD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 221 NW 2nd Ave Ste 100 PORTLAND, OR 97209-3959 |
| Phone: | (503) 220-2592 |
| Fax: | (503) 228-6770 |
| Website: | https://www.trailheadcu.org |
| Branches: | 3 branch locations |
| Members: | 8,904 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 644 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $165,189,331 |
| CEO/Manager: | Jim McCarthy |
| Chairperson: | Adam Starling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,557,605 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 44,531,456 |
| Unsecured Loans | 4,459,538 |
| Other Loans | 46,317,065 |
| TOTAL LOANS | 95,429,391 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -378,001 |
| Land And Building | 0 |
| Other Fixed Assets | 430,747 |
| NCUSIF Deposit | 1,527,885 |
| All Other Assets | 0 |
| TOTAL ASSETS | 165,189,331 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 999,893 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 60,015,899 |
| Regular shares | 58,643,084 |
| All Other Shares & Deposits | 37,755,933 |
| TOTAL SHARES & DEPOSITS | 156,414,916 |
| TOTAL LIABILITIES | 157,414,809 |
| Regular Reserve | 0 |
| Other Reserves | -6,257,172 |
| Undivided Earnings | 14,031,694 |
| TOTAL EQUITY | 7,774,522 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 165,189,331 |
| INCOME & EXPENSE | |
| Loan Income | 3,156,107 |
| Investment Income | 710,317 |
| Other Income | 276,057 |
| Total Employee Compensation & Benefits | 1,861,993 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,054,183 |
| Non-operating Income & (Expense) | 978,244 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 265,000 |
| Cost of Funds | 341,442 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,335,624 |
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