Jun, 30, 2023 — CASCADE FEDERAL CREDIT UNION is a federal credit union headquartered in KENT, WA with 3 branch locations and about $348.43 million in total assets. Opened 71 years ago in 1952, CASCADE FEDERAL CREDIT UNION has about 9,970 members and employs 33 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: | https://www.cascadefcu.org |
| Branches: | 3 branch locations |
| Members: | 9,970 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $348,433,180 |
| CEO/Manager: | Carl Roer |
| Chairperson: | John Graham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,926,910 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 73,598,103 |
| Unsecured Loans | 8,548,008 |
| Other Loans | 50,734,473 |
| TOTAL LOANS | 132,880,584 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -263,562 |
| Land And Building | 2,789,831 |
| Other Fixed Assets | 580,330 |
| NCUSIF Deposit | 2,993,821 |
| All Other Assets | 0 |
| TOTAL ASSETS | 348,433,180 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,739 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 301,458 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,729,214 |
| Regular shares | 84,304,961 |
| All Other Shares & Deposits | 207,375,365 |
| TOTAL SHARES & DEPOSITS | 327,409,540 |
| TOTAL LIABILITIES | 327,719,737 |
| Regular Reserve | 0 |
| Other Reserves | -20,673,420 |
| Undivided Earnings | 41,386,863 |
| TOTAL EQUITY | 20,713,443 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 348,433,180 |
| INCOME & EXPENSE | |
| Loan Income | 3,188,536 |
| Investment Income | 2,465,428 |
| Other Income | 276,039 |
| Total Employee Compensation & Benefits | 2,323,054 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,120,999 |
| Non-operating Income & (Expense) | 1,853,308 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 74,000 |
| Cost of Funds | 910,677 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,033,903 |
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