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CUTTING EDGE FEDERAL CREDIT UNION

Mar, 31, 2021 — CUTTING EDGE FEDERAL CREDIT UNION is a federal credit union headquartered in MILWAUKIE, OR with 2 branch locations and about $57.56 million in total assets. Opened 68 years ago in 1953, CUTTING EDGE FEDERAL CREDIT UNION has about 4,045 members and employs 14 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: 323274788
Name:CUTTING EDGE FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 22192
MILWAUKIE, OR 97269
Phone:(503) 653-4392
Fax:(503) 653-6327
Website:http://www.cuttingedgefcu.org
Branches:2 branch locations
Members:4,045
Credit Union Type:Federal Credit Union
Charter Number:8317
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$57,563,717
CEO/Manager:Brady Howe
Chairperson:Richard Stallman

Call Report

  • Commercial Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 22,134,746
TOTAL INVESTMENTS 7,406,128
Loans Held for Sale 0
 
 Real Estate Loans 8,873,949
 Unsecured Loans 3,104,601
 Other Loans 15,166,933
 TOTAL LOANS 27,145,483
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -135,417
 Land And Building 87,106
 Other Fixed Assets 133,249
 NCUSIF Deposit 427,513
 All Other Assets 364,909
  TOTAL ASSETS 57,563,717
LIABILITIES & CAPITAL:  
 Dividends Payable 11,910
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 674,987
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,643,146
 Regular shares 23,852,438
 All Other Shares & Deposits 16,805,014
  TOTAL SHARES & DEPOSITS 51,300,598
  TOTAL LIABILITIES 51,987,495
 Regular Reserve 415,636
 Other Reserves 32,762
 Undivided Earnings 5,127,824
  TOTAL EQUITY 5,576,222
  TOTAL LIABILITIES, SHARES, & EQUITY 57,563,717
INCOME & EXPENSE  
 Loan Income 371,776
 Investment Income 20,262
 Other Income 24,591
 Total Employee Compensation & Benefits 307,044
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 227,413
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -31,592
 Cost of Funds 36,833
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,727
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