Overview / Commentary
Cascade Federal Credit Union is headquartered in Kent and is the 29th largest credit union in the state of Washington. It is also the 892nd largest credit union in the nation. It was established in 1952 and as of March of 2022, it had grown to 31 employees and 9,786 members at 3 locations. Cascade Federal Credit Union has an A health rating.
Field of Membership Restrictions
Cascade Federal Credit Union is open to employees of Accell North America, Chemithon, IKEA, Frito-Lay, Seattle's Best Coffee, Trident Seafoods, Better Homes & Gardens or any one of the nearly one hundred select employer groups.
See current membership details
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 7748 |
| Year Chartered | 1952 |
| Employees | 31 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.76% |
| Return on Equity - YTD | 18.27% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $355.6MM$348.0MM |
| Loans | Q1 2022vs Q1 2021 | $115.2MM$101.2MM |
| Deposits | Q1 2022vs Q1 2021 | $320.6MM$306.4MM |
| Equity Capital | Q1 2022vs Q1 2021 | $34.5MM$41.3MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $236.00K$263.00K |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $13.00K$10.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |