Mar, 31, 2021 — CASCADE FEDERAL CREDIT UNION is a federal credit union headquartered in KENT, WA with 4 branch locations and about $348.01 million in total assets. Opened 69 years ago in 1952, CASCADE FEDERAL CREDIT UNION has about 9,483 members and employs 34 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 |
|---|---|
| Address: (Main Office) | 18020 80TH AVE S KENT, WA 98032 |
| Phone: | (425) 251-8888 |
| Fax: | |
| Website: | http://www.cascadefcu.org |
| Branches: | 4 branch locations |
| Members: | 9,483 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7748 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $348,009,460 |
| CEO/Manager: | Carl Roer |
| Chairperson: | John Graham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,792,648 |
| TOTAL INVESTMENTS | 221,704,635 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,466,704 |
| Unsecured Loans | 7,449,515 |
| Other Loans | 33,252,924 |
| TOTAL LOANS | 101,169,143 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -262,871 |
| Land And Building | 2,683,488 |
| Other Fixed Assets | 278,130 |
| NCUSIF Deposit | 2,628,442 |
| All Other Assets | 7,015,845 |
| TOTAL ASSETS | 348,009,460 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,152 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 314,493 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,272,932 |
| Regular shares | 75,767,163 |
| All Other Shares & Deposits | 197,313,703 |
| TOTAL SHARES & DEPOSITS | 306,353,798 |
| TOTAL LIABILITIES | 306,675,443 |
| Regular Reserve | 7,425,000 |
| Other Reserves | -1,703,568 |
| Undivided Earnings | 35,612,585 |
| TOTAL EQUITY | 41,334,017 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 348,009,460 |
| INCOME & EXPENSE | |
| Loan Income | 1,066,875 |
| Investment Income | 798,030 |
| Other Income | 68,188 |
| Total Employee Compensation & Benefits | 712,713 |
| NCUSIF Premiums Expense | 21,105 |
| Total Other Operating Expenses | 640,678 |
| Non-operating Income & (Expense) | 61,241 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -19,000 |
| Cost of Funds | 399,776 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 470,002 |
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