Dec, 31, 2023 — CONSOLIDATED FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, OR with 4 branch locations and about $478.89 million in total assets. Opened 70 years ago in 1954, CONSOLIDATED FEDERAL CREDIT UNION has about 21,000 members and employs 77 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONSOLIDATED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1033 NE 6th Ave PORTLAND, OR 97232-2017 |
| Phone: | (503) 232-8070 |
| Fax: | (503) 963-6698 |
| Website: | https://www.consolidatedccu.com |
| Branches: | 4 branch locations |
| Members: | 21,000 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9292 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $478,894,768 |
| CEO/Manager: | Larry Ellifritz |
| Chairperson: | Ann Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,584,488 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 313,060,986 |
| Unsecured Loans | 18,842,694 |
| Other Loans | 54,484,996 |
| TOTAL LOANS | 386,388,676 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,483,382 |
| Land And Building | 16,366,228 |
| Other Fixed Assets | 803,542 |
| NCUSIF Deposit | 3,763,583 |
| All Other Assets | 78,882 |
| TOTAL ASSETS | 478,894,768 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,875,494 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 24,500,000 |
| Share Drafts | 104,624,979 |
| Regular shares | 112,616,156 |
| All Other Shares & Deposits | 165,676,969 |
| TOTAL SHARES & DEPOSITS | 382,918,104 |
| TOTAL LIABILITIES | 413,293,598 |
| Regular Reserve | 0 |
| Other Reserves | 13,716,949 |
| Undivided Earnings | 51,884,221 |
| TOTAL EQUITY | 65,601,170 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 478,894,768 |
| INCOME & EXPENSE | |
| Loan Income | 16,918,940 |
| Investment Income | 1,921,616 |
| Other Income | 2,743,531 |
| Total Employee Compensation & Benefits | 11,322,061 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,513,864 |
| Non-operating Income & (Expense) | -215 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,834,635 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,854,823 |
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