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CASCADE FEDERAL CREDIT UNION

Sep, 30, 2022 — 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.


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: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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
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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