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NORTHERN REDWOOD FEDERAL CREDIT UNION

Mar, 31, 2021 — NORTHERN REDWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in ARCATA, CA with 2 branch locations and about $25.90 million in total assets. Opened 66 years ago in 1955, NORTHERN REDWOOD FEDERAL CREDIT UNION has about 3,087 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: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://northernredwoodfcu.org
Branches:2 branch locations
Members:3,087
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$25,904,411
CEO/Manager:Jenna L Cardoza
Chairperson:Sandra L Hanks

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,266,060
TOTAL INVESTMENTS 2,765,824
Loans Held for Sale 0
 
 Real Estate Loans 829,628
 Unsecured Loans 986,102
 Other Loans 15,842,250
 TOTAL LOANS 17,657,980
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -87,583
 Land And Building 1,240,459
 Other Fixed Assets 206,818
 NCUSIF Deposit 191,536
 All Other Assets 663,317
  TOTAL ASSETS 25,904,411
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 230,235
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,786,763
 Regular shares 13,362,704
 All Other Shares & Deposits 4,667,568
  TOTAL SHARES & DEPOSITS 23,817,035
  TOTAL LIABILITIES 24,047,270
 Regular Reserve 231,286
 Other Reserves 0
 Undivided Earnings 1,625,855
  TOTAL EQUITY 1,857,141
  TOTAL LIABILITIES, SHARES, & EQUITY 25,904,411
INCOME & EXPENSE  
 Loan Income 220,538
 Investment Income 2,614
 Other Income 102,744
 Total Employee Compensation & Benefits 87,040
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 164,917
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 19,100
 Cost of Funds 18,306
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 39,688
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