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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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