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NORTHWEST MUNICIPAL FEDERAL CREDIT UNION

Dec, 31, 2023 — NORTHWEST MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in DES PLAINES, IL with 1 branch location and about $38.39 million in total assets. Opened 58 years ago in 1966, NORTHWEST MUNICIPAL FEDERAL CREDIT UNION has about 1,757 members and employs 5 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 MUNICIPAL FEDERAL CREDIT UNION
Address:
(Main Office)
1420 Miner St
DES PLAINES, IL 60016
Phone:(847) 391-5369
Fax:(847) 391-5479
Website:https://www.mynmfcu.com
Branches:1 branch locations
Members:1,757
Credit Union Type:Federal Credit Union
Charter Number:17752
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1966
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$38,388,212
CEO/Manager:NINA AUSKALNIS
Chairperson:Tom Christiansen

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,045,793
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,880,136
 Unsecured Loans 1,552,534
 Other Loans 10,809,604
 TOTAL LOANS 15,242,274
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -49,177
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 343,304
 All Other Assets 0
  TOTAL ASSETS 38,388,212
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -1,267
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,744,010
 Regular shares 32,273,025
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 34,017,035
  TOTAL LIABILITIES 34,015,768
 Regular Reserve 0
 Other Reserves 218,217
 Undivided Earnings 4,154,227
  TOTAL EQUITY 4,372,444
  TOTAL LIABILITIES, SHARES, & EQUITY 38,388,212
INCOME & EXPENSE  
 Loan Income 674,441
 Investment Income 906,026
 Other Income 9,945
 Total Employee Compensation & Benefits 340,038
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 209,639
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,154
 Cost of Funds 684,029
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 391,665
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