Dec, 31, 2021 — CASCADE FEDERAL CREDIT UNION is a federal credit union headquartered in KENT, WA with 3 branch locations and about $359.15 million in total assets. Opened 70 years ago in 1952, CASCADE FEDERAL CREDIT UNION has about 9,683 members and employs 31 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: | 3 branch locations |
| Members: | 9,683 |
| 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: | $359,145,606 |
| CEO/Manager: | Carl Roer |
| Chairperson: | John Graham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,252,512 |
| TOTAL INVESTMENTS | 220,511,964 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 64,436,583 |
| Unsecured Loans | 8,223,800 |
| Other Loans | 37,971,894 |
| TOTAL LOANS | 110,632,277 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -220,100 |
| Land And Building | 2,526,227 |
| Other Fixed Assets | 602,168 |
| NCUSIF Deposit | 2,872,616 |
| All Other Assets | 11,967,942 |
| TOTAL ASSETS | 359,145,606 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,853 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 506,410 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,370,791 |
| Regular shares | 81,661,218 |
| All Other Shares & Deposits | 200,940,649 |
| TOTAL SHARES & DEPOSITS | 315,972,658 |
| TOTAL LIABILITIES | 316,486,921 |
| Regular Reserve | 7,425,000 |
| Other Reserves | -2,950,181 |
| Undivided Earnings | 38,183,866 |
| TOTAL EQUITY | 42,658,685 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 359,145,606 |
| INCOME & EXPENSE | |
| Loan Income | 3,998,997 |
| Investment Income | 3,107,643 |
| Other Income | 319,601 |
| Total Employee Compensation & Benefits | 2,728,974 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,754,057 |
| Non-operating Income & (Expense) | 1,522,010 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -28,000 |
| Cost of Funds | 1,393,397 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,041,282 |
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