Jun, 30, 2021 — CASCADE FEDERAL CREDIT UNION is a federal credit union headquartered in KENT, WA with 3 branch locations and about $356.90 million in total assets. Opened 69 years ago in 1952, CASCADE FEDERAL CREDIT UNION has about 9,515 members and employs 32 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: | 3 branch locations |
| Members: | 9,515 |
| 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: | $356,896,123 |
| CEO/Manager: | Carl Roer |
| Chairperson: | John Graham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,057,638 |
| TOTAL INVESTMENTS | 229,047,696 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,117,506 |
| Unsecured Loans | 7,749,310 |
| Other Loans | 34,306,638 |
| TOTAL LOANS | 101,173,454 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -210,825 |
| Land And Building | 2,576,311 |
| Other Fixed Assets | 373,655 |
| NCUSIF Deposit | 2,750,040 |
| All Other Assets | 7,128,154 |
| TOTAL ASSETS | 356,896,123 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,853 |
| Notes & Interest Payable | 5,900,000 |
| Accounts Payable & Other Liabilities | 770,562 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,564,247 |
| Regular shares | 75,775,864 |
| All Other Shares & Deposits | 199,342,442 |
| TOTAL SHARES & DEPOSITS | 306,682,553 |
| TOTAL LIABILITIES | 313,360,968 |
| Regular Reserve | 7,425,000 |
| Other Reserves | -1,454,505 |
| Undivided Earnings | 37,564,660 |
| TOTAL EQUITY | 43,535,155 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 356,896,123 |
| INCOME & EXPENSE | |
| Loan Income | 2,059,356 |
| Investment Income | 1,642,193 |
| Other Income | 134,698 |
| Total Employee Compensation & Benefits | 1,398,053 |
| NCUSIF Premiums Expense | 69,995 |
| Total Other Operating Expenses | 1,258,342 |
| Non-operating Income & (Expense) | 1,553,140 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -59,000 |
| Cost of Funds | 761,551 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,422,076 |
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