Dec, 31, 2023 — NORDSTROM FEDERAL CREDIT UNION is a federal credit union headquartered in EVERETT, WA with 1 branch location and about $56.72 million in total assets. Opened 88 years ago in 1936, NORDSTROM FEDERAL CREDIT UNION has about 5,226 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORDSTROM FEDERAL CREDIT UNION |
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Address: (Main Office) | 2701 Hoyt Ave EVERETT, WA 98201 |
Phone: | (206) 774-2900 |
Fax: | (206) 774-2929 |
Website: | https://www.nordcu.org |
Branches: | 1 branch locations |
Members: | 5,226 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1788 |
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Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $56,720,097 |
CEO/Manager: | Shelli D Millhuff |
Chairperson: | Sara Clarke |
ASSETS: | $ Amount |
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Cash & Equivalents | 220,116 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,279,589 |
Unsecured Loans | 3,704,480 |
Other Loans | 28,356,195 |
TOTAL LOANS | 38,340,264 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -145,511 |
Land And Building | 1,174,647 |
Other Fixed Assets | 18,739 |
NCUSIF Deposit | 492,428 |
All Other Assets | 0 |
TOTAL ASSETS | 56,720,097 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 91,344 |
Notes & Interest Payable | 1,250,000 |
Accounts Payable & Other Liabilities | 488,931 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,357,212 |
Regular shares | 27,544,104 |
All Other Shares & Deposits | 9,751,804 |
TOTAL SHARES & DEPOSITS | 49,653,120 |
TOTAL LIABILITIES | 51,483,395 |
Regular Reserve | 0 |
Other Reserves | 1,483,188 |
Undivided Earnings | 3,753,514 |
TOTAL EQUITY | 5,236,702 |
TOTAL LIABILITIES, SHARES, & EQUITY | 56,720,097 |
INCOME & EXPENSE | |
Loan Income | 1,843,062 |
Investment Income | 306,774 |
Other Income | 222,579 |
Total Employee Compensation & Benefits | 855,804 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,141,561 |
Non-operating Income & (Expense) | -5 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 254,235 |
Cost of Funds | 258,559 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 354,746 |
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