Dec, 31, 2023 — NORTHWEST COMMUNITY CREDIT UNION is a non-federally insured state credit union headquartered in MORTON GROVE, IL with 2 branch locations and about $67.22 million in total assets. Opened 85 years ago in 1939, NORTHWEST COMMUNITY CREDIT UNION has about 2,689 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHWEST COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 8930 Waukegan Rd MORTON GROVE, IL 60053 |
| Phone: | (847) 647-1030 |
| Fax: | (847) 647-1208 |
| Website: | https://www.nwccu.com |
| Branches: | 2 branch locations |
| Members: | 2,689 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97108 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $67,217,278 |
| CEO/Manager: | Jose Garcia |
| Chairperson: | Emir Abinion |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,691,706 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,112,742 |
| Unsecured Loans | 2,157,027 |
| Other Loans | 11,232,203 |
| TOTAL LOANS | 44,501,972 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -333,763 |
| Land And Building | 0 |
| Other Fixed Assets | 123,781 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 67,217,278 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 109,288 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,663,601 |
| Regular shares | 18,429,531 |
| All Other Shares & Deposits | 38,572,724 |
| TOTAL SHARES & DEPOSITS | 61,665,856 |
| TOTAL LIABILITIES | 61,775,144 |
| Regular Reserve | 0 |
| Other Reserves | -965,702 |
| Undivided Earnings | 6,407,836 |
| TOTAL EQUITY | 5,442,134 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 67,217,278 |
| INCOME & EXPENSE | |
| Loan Income | 1,916,215 |
| Investment Income | 551,396 |
| Other Income | 90,720 |
| Total Employee Compensation & Benefits | 738,760 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 927,311 |
| Non-operating Income & (Expense) | 5,323 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,800 |
| Cost of Funds | 1,075,196 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 94,502 |
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