Dec, 31, 2023 — PACIFIC N W FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, OR with 3 branch locations and about $313.04 million in total assets. Opened 82 years ago in 1942, PACIFIC N W FEDERAL CREDIT UNION has about 22,208 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PACIFIC N W FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12005 NE Erin Way PORTLAND, OR 97220 |
| Phone: | (503) 256-5858 |
| Fax: | |
| Website: | https://www.pnwfcu.org |
| Branches: | 3 branch locations |
| Members: | 22,208 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4878 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $313,044,598 |
| CEO/Manager: | Thomas E Griffith |
| Chairperson: | Shara Wokal |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,154,209 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 67,213,075 |
| Unsecured Loans | 11,376,830 |
| Other Loans | 119,666,379 |
| TOTAL LOANS | 198,256,284 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,274,048 |
| Land And Building | 1,889,096 |
| Other Fixed Assets | 352,910 |
| NCUSIF Deposit | 2,409,094 |
| All Other Assets | 0 |
| TOTAL ASSETS | 313,044,598 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 28,000,000 |
| Accounts Payable & Other Liabilities | 5,254,880 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 75,472,141 |
| Regular shares | 106,939,148 |
| All Other Shares & Deposits | 69,777,762 |
| TOTAL SHARES & DEPOSITS | 252,189,051 |
| TOTAL LIABILITIES | 285,443,931 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 27,600,667 |
| TOTAL EQUITY | 27,600,667 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 313,044,598 |
| INCOME & EXPENSE | |
| Loan Income | 9,873,376 |
| Investment Income | 1,733,441 |
| Other Income | 1,070,277 |
| Total Employee Compensation & Benefits | 5,746,827 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,867,540 |
| Non-operating Income & (Expense) | 1,580,195 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 989,632 |
| Cost of Funds | 1,896,505 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,515,051 |
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