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National Credit Union Service Organization

NW PREFERRED FEDERAL CREDIT UNION

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.


ABA Routing Number: 323076575
Name:NW PREFERRED FEDERAL CREDIT UNION
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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