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NORDSTROM FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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