Dec, 31, 2023 — NEWRIZONS FEDERAL CREDIT UNION is a federal credit union headquartered in HOQUIAM, WA with 1 branch location and about $22.63 million in total assets. Opened 59 years ago in 1965, NEWRIZONS FEDERAL CREDIT UNION has about 1,629 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NEWRIZONS FEDERAL CREDIT UNION |
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Address: (Main Office) | 120 Firman Ave HOQUIAM, WA 98550-2006 |
Phone: | (360) 533-4760 |
Fax: | (360) 532-0280 |
Website: | https://www.newrizonsfcu.com |
Branches: | 1 branch locations |
Members: | 1,629 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16893 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,628,024 |
CEO/Manager: | WILLIAM H HALL |
Chairperson: | Daniel Doyle |
ASSETS: | $ Amount |
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Cash & Equivalents | 868,701 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,097,733 |
Unsecured Loans | 3,017,394 |
Other Loans | 3,589,286 |
TOTAL LOANS | 16,704,413 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -291,445 |
Land And Building | 113,326 |
Other Fixed Assets | 16,204 |
NCUSIF Deposit | 166,265 |
All Other Assets | 0 |
TOTAL ASSETS | 22,628,024 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 269,460 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 250,000 |
Share Drafts | 2,599,372 |
Regular shares | 4,969,221 |
All Other Shares & Deposits | 11,170,902 |
TOTAL SHARES & DEPOSITS | 18,739,495 |
TOTAL LIABILITIES | 19,258,955 |
Regular Reserve | 0 |
Other Reserves | -107,967 |
Undivided Earnings | 3,477,036 |
TOTAL EQUITY | 3,369,069 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,628,024 |
INCOME & EXPENSE | |
Loan Income | 1,255,129 |
Investment Income | 100,537 |
Other Income | 86,802 |
Total Employee Compensation & Benefits | 615,720 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 376,089 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 228,962 |
Cost of Funds | 287,749 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 27,719 |
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