Cascade Central Credit Union
- Assets
- $81.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Hood River, OR
- Founding
- 10/1944
- Data as of
- 12/2020
- EIN
- 93-0513239
Organization Overview
Cascade Central Credit Union is located in Hood River, OR. The organization was established in 1944. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2020, Cascade Central Credit Union employed 13 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cascade Central Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2020, Cascade Central Credit Union generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.8m during the year ending 12/2020. While expenses have increased by 14.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CASCADE CENTRAL CREDIT UNION IS A STATE CHARTERED CREDIT UNION THAT ENCOURAGES SAVINGS, BORROWING RESPONSIBLY, AND PROVIDES A VARIETY OF SERVICES AT FAVORABLE RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOANS AND LENDING
LOANS AND LENDING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Muriel Ishizaka Board Chair | Trustee | 1 | $0 |
Alisa Mooney Board Member | Trustee | 1 | $0 |
Tom Fick Treasurer | Trustee | 1 | $0 |
Tom Mcgowan Secretary | Trustee | 1 | $0 |
Ed Drew Board Member | Trustee | 1 | $0 |
Kim Maddy Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,997,964 |
| Investment income | $372,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,145 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,369,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,844 |
| Pension plan accruals and contributions | $59,627 |
| Other employee benefits | $569,671 |
| Payroll taxes | $50,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,201 |
| Fees for services: Accounting | $18,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,352 |
| Advertising and promotion | $19,620 |
| Office expenses | $45,017 |
| Information technology | $196,620 |
| Royalties | $0 |
| Occupancy | $100,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,402 |
| Interest | $0 |
| Payments to affiliates | $38,155 |
| Depreciation, depletion, and amortization | $67,794 |
| Insurance | $38,730 |
| All other expenses | $0 |
| Total functional expenses | $2,792,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,539 |
| Savings and temporary cash investments | $44,386,977 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,390,772 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $356,660 |
| Net Land, buildings, and equipment | $194,194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $605,244 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $81,241,386 |
| Accounts payable and accrued expenses | $1,176,719 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,176,719 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $70,823,476 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,241,191 |
| Total liabilities and net assets/fund balances | $81,241,386 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions In The State Of California San Jose, CA | $681,759,070 | $22,054,983 |
Credit Unions In The State Of Washington Lacey, WA | $467,137,296 | $26,640,017 |
Credit Unions In The State Of California Glendora, CA | $610,952,696 | $24,733,288 |
Our Community Credit Union Shelton, WA | $583,251,574 | $19,630,012 |
Credit Unions In The State Of Washington Tacoma, WA | $574,292,386 | $20,285,695 |
Sacramento Credit Union Sacramento, CA | $686,832,962 | $22,206,265 |
Safeamerica Credit Union Pleasanton, CA | $545,562,610 | $20,698,342 |
Wheelhouse Credit Union San Diego, CA | $389,094,591 | $17,122,868 |
1st Northern California Credit Union Martinez, CA | $878,372,297 | $16,635,726 |
Premierone Credit Union San Jose, CA | $564,442,079 | $17,632,094 |
Industrial Credit Union Of Whatcom County Bellingham, WA | $379,220,353 | $18,659,895 |
Eagle Community Credit Union Lake Forest, CA | $329,547,938 | $17,550,263 |