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NEWRIZONS FEDERAL CREDIT UNION

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.


ABA Routing Number: 325179959
Name:NEWRIZONS FEDERAL CREDIT UNION
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
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

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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