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NORTHERN REDWOOD FEDERAL CREDIT UNION

Mar, 31, 2022 — NORTHERN REDWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in ARCATA, CA with 2 branch locations and about $25.41 million in total assets. Opened 67 years ago in 1955, NORTHERN REDWOOD FEDERAL CREDIT UNION has about 3,273 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORTHERN REDWOOD FEDERAL CREDIT UNION
Address:
(Main Office)
1270 Giuntoli Ln
ARCATA, CA 95521-4415
Phone:(707) 822-5902
Fax:(707) 822-8818
Website:https://www.northernredwoodfcu.org
Branches:2 branch locations
Members:3,273
Credit Union Type:Federal Credit Union
Charter Number:10362
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1955
Last Audited:Aug 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$25,408,251
CEO/Manager:Jenna L Cardoza
Chairperson:Sandra L Hanks

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,116,895
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 663,576
 Unsecured Loans 1,222,170
 Other Loans 17,365,465
 TOTAL LOANS 19,251,211
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -70,640
 Land And Building 1,216,023
 Other Fixed Assets 202,239
 NCUSIF Deposit 229,516
 All Other Assets 66,864
  TOTAL ASSETS 25,408,251
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 168,188
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,650,390
 Regular shares 14,437,160
 All Other Shares & Deposits 3,161,190
  TOTAL SHARES & DEPOSITS 23,248,740
  TOTAL LIABILITIES 23,416,928
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,991,323
  TOTAL EQUITY 1,991,323
  TOTAL LIABILITIES, SHARES, & EQUITY 25,408,251
INCOME & EXPENSE  
 Loan Income 251,960
 Investment Income 3,747
 Other Income 77,381
 Total Employee Compensation & Benefits 109,547
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 176,766
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,400
 Cost of Funds 8,642
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 34,436
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