Dec, 31, 2023 — CAPITAL AREA TAIWANESE FEDERAL CREDIT UNION is a federal credit union headquartered in GAINESVILLE, VA with 1 branch location and about $12.64 million in total assets. Opened 47 years ago in 1977, CAPITAL AREA TAIWANESE FEDERAL CREDIT UNION has about 506 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CAPITAL AREA TAIWANESE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8032 TYSONS OAKS CT GAINESVILLE, VA 20155 |
| Phone: | (301) 916-1008 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 506 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22652 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,635,203 |
| CEO/Manager: | Ming-Shyong Wu |
| Chairperson: | Ming Hong Chow |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 121,672 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,472,336 |
| Unsecured Loans | 85,801 |
| Other Loans | 158,145 |
| TOTAL LOANS | 8,892,540 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,086 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 128,840 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,635,203 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,944 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 292,872 |
| All Other Shares & Deposits | 10,855,134 |
| TOTAL SHARES & DEPOSITS | 11,148,006 |
| TOTAL LIABILITIES | 11,150,950 |
| Regular Reserve | 0 |
| Other Reserves | 156,444 |
| Undivided Earnings | 1,327,809 |
| TOTAL EQUITY | 1,484,253 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,635,203 |
| INCOME & EXPENSE | |
| Loan Income | 315,822 |
| Investment Income | 78,631 |
| Other Income | 2,199 |
| Total Employee Compensation & Benefits | 55,074 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 50,233 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 275,665 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,680 |
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