Dec, 31, 2023 — CASCADE FEDERAL CREDIT UNION is a federal credit union headquartered in KENT, WA with 4 branch locations and about $344.77 million in total assets. Opened 72 years ago in 1952, CASCADE FEDERAL CREDIT UNION has about 10,981 members and employs 36 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: | 4 branch locations |
| Members: | 10,981 |
| 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: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $344,773,609 |
| CEO/Manager: | Sarah L Richardson |
| Chairperson: | John Graham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,092,689 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 77,132,287 |
| Unsecured Loans | 10,054,646 |
| Other Loans | 57,309,184 |
| TOTAL LOANS | 144,496,117 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -624,136 |
| Land And Building | 2,932,222 |
| Other Fixed Assets | 573,296 |
| NCUSIF Deposit | 2,945,876 |
| All Other Assets | 0 |
| TOTAL ASSETS | 344,773,609 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 167,141 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 468,176 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,025,882 |
| Regular shares | 69,990,484 |
| All Other Shares & Deposits | 216,108,757 |
| TOTAL SHARES & DEPOSITS | 317,125,122 |
| TOTAL LIABILITIES | 321,760,439 |
| Regular Reserve | 0 |
| Other Reserves | -18,481,743 |
| Undivided Earnings | 41,494,913 |
| TOTAL EQUITY | 23,013,170 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 344,773,609 |
| INCOME & EXPENSE | |
| Loan Income | 6,276,553 |
| Investment Income | 4,010,858 |
| Other Income | 427,230 |
| Total Employee Compensation & Benefits | 3,113,005 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,948,668 |
| Non-operating Income & (Expense) | 508,340 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 242,000 |
| Cost of Funds | 5,784,756 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,867 |
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