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National Credit Union Service Organization

CASCADE FEDERAL CREDIT UNION

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.


ABA Routing Number: 325081474
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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