Dec, 31, 2023 — NW PREFERRED FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, OR with 2 branch locations and about $169.50 million in total assets. Opened 84 years ago in 1940, NW PREFERRED FEDERAL CREDIT UNION has about 8,724 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NW PREFERRED FEDERAL CREDIT UNION |
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Address: (Main Office) | 8950 SW Burnham St PORTLAND, OR 97223 |
Phone: | (503) 620-6248 |
Fax: | (503) 620-2494 |
Website: | https://nwpreferredfcu.com |
Branches: | 2 branch locations |
Members: | 8,724 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3853 |
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Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $169,498,014 |
CEO/Manager: | Stephen Canfield |
Chairperson: | James Burgett |
ASSETS: | $ Amount |
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Cash & Equivalents | 20,542,754 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 34,095,082 |
Unsecured Loans | 13,261,308 |
Other Loans | 86,598,841 |
TOTAL LOANS | 133,955,232 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,159,289 |
Land And Building | 2,121,675 |
Other Fixed Assets | 341,971 |
NCUSIF Deposit | 1,441,941 |
All Other Assets | 149,468 |
TOTAL ASSETS | 169,498,014 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 488,494 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,618,670 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 27,499,397 |
Regular shares | 2,146,083 |
All Other Shares & Deposits | 114,974,590 |
TOTAL SHARES & DEPOSITS | 144,620,070 |
TOTAL LIABILITIES | 146,728,967 |
Regular Reserve | 0 |
Other Reserves | 1,937,284 |
Undivided Earnings | 20,831,763 |
TOTAL EQUITY | 22,769,047 |
TOTAL LIABILITIES, SHARES, & EQUITY | 169,498,014 |
INCOME & EXPENSE | |
Loan Income | 8,708,438 |
Investment Income | 1,533,155 |
Other Income | 419,794 |
Total Employee Compensation & Benefits | 3,115,875 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,528,241 |
Non-operating Income & (Expense) | 1,143 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 984,831 |
Cost of Funds | 2,822,473 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,788,865 |
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