Dec, 31, 2020 — CASCADE FEDERAL CREDIT UNION is a federal credit union headquartered in KENT, WA with 4 branch locations and about $341.72 million in total assets. Opened 69 years ago in 1952, CASCADE FEDERAL CREDIT UNION has about 9,507 members and employs 35 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: | 9,507 |
| 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: | $341,723,968 |
| CEO/Manager: | Carl Roer |
| Chairperson: | John Graham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,240,877 |
| TOTAL INVESTMENTS | 213,722,732 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,678,481 |
| Unsecured Loans | 7,774,049 |
| Other Loans | 33,942,179 |
| TOTAL LOANS | 102,394,709 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -283,396 |
| Land And Building | 2,716,156 |
| Other Fixed Assets | 213,500 |
| NCUSIF Deposit | 2,628,442 |
| All Other Assets | 7,090,948 |
| TOTAL ASSETS | 341,723,968 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 363,543 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 843,080 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,444,370 |
| Regular shares | 70,907,380 |
| All Other Shares & Deposits | 193,369,149 |
| TOTAL SHARES & DEPOSITS | 295,720,899 |
| TOTAL LIABILITIES | 296,927,522 |
| Regular Reserve | 7,425,000 |
| Other Reserves | 2,228,862 |
| Undivided Earnings | 35,142,584 |
| TOTAL EQUITY | 44,796,446 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 341,723,968 |
| INCOME & EXPENSE | |
| Loan Income | 4,155,697 |
| Investment Income | 4,255,243 |
| Other Income | 1,050,134 |
| Total Employee Compensation & Benefits | 2,699,469 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,430,302 |
| Non-operating Income & (Expense) | 307,285 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 139,000 |
| Cost of Funds | 2,619,975 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,879,613 |
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