Dec, 31, 2021 — CASCADE FEDERAL CREDIT UNION is a federal credit union headquartered in KENT, WA with 3 branch locations and about $359.15 million in total assets. Opened 70 years ago in 1952, CASCADE FEDERAL CREDIT UNION has about 9,683 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: | CASCADE FEDERAL CREDIT UNION |
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Address: (Main Office) | 18020 80th Ave S KENT, WA 98032 |
Phone: | (425) 251-8888 |
Fax: | |
Website: | http://www.cascadefcu.org |
Branches: | 3 branch locations |
Members: | 9,683 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7748 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $359,145,606 |
CEO/Manager: | Carl Roer |
Chairperson: | John Graham |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,252,512 |
TOTAL INVESTMENTS | 220,511,964 |
Loans Held for Sale | 0 |
Real Estate Loans | 64,436,583 |
Unsecured Loans | 8,223,800 |
Other Loans | 37,971,894 |
TOTAL LOANS | 110,632,277 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,100 |
Land And Building | 2,526,227 |
Other Fixed Assets | 602,168 |
NCUSIF Deposit | 2,872,616 |
All Other Assets | 11,967,942 |
TOTAL ASSETS | 359,145,606 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,853 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 506,410 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,370,791 |
Regular shares | 81,661,218 |
All Other Shares & Deposits | 200,940,649 |
TOTAL SHARES & DEPOSITS | 315,972,658 |
TOTAL LIABILITIES | 316,486,921 |
Regular Reserve | 7,425,000 |
Other Reserves | -2,950,181 |
Undivided Earnings | 38,183,866 |
TOTAL EQUITY | 42,658,685 |
TOTAL LIABILITIES, SHARES, & EQUITY | 359,145,606 |
INCOME & EXPENSE | |
Loan Income | 3,998,997 |
Investment Income | 3,107,643 |
Other Income | 319,601 |
Total Employee Compensation & Benefits | 2,728,974 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,754,057 |
Non-operating Income & (Expense) | 1,522,010 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -28,000 |
Cost of Funds | 1,393,397 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,041,282 |
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