Dec, 31, 2023 — NORTHWEST ADVENTIST FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, OR with 1 branch location and about $34.09 million in total assets. Opened 62 years ago in 1962, NORTHWEST ADVENTIST FEDERAL CREDIT UNION has about 3,150 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: | NORTHWEST ADVENTIST FEDERAL CREDIT UNION |
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Address: (Main Office) | 10333 SE Main St PORTLAND, OR 97216-2940 |
Phone: | (503) 256-3712 |
Fax: | (503) 256-1912 |
Website: | https://www.mynwcu.com |
Branches: | 1 branch locations |
Members: | 3,150 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14786 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,090,028 |
CEO/Manager: | Jesica L Ramos |
Chairperson: | Cecily Geschke |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,065,091 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,956,850 |
Unsecured Loans | 1,467,274 |
Other Loans | 8,709,712 |
TOTAL LOANS | 24,133,836 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -91,443 |
Land And Building | 5,600 |
Other Fixed Assets | 1,524 |
NCUSIF Deposit | 326,925 |
All Other Assets | 0 |
TOTAL ASSETS | 34,090,028 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 45,310 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 584,716 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,320,915 |
Regular shares | 14,121,920 |
All Other Shares & Deposits | 8,999,096 |
TOTAL SHARES & DEPOSITS | 29,441,931 |
TOTAL LIABILITIES | 30,071,957 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,018,071 |
TOTAL EQUITY | 4,018,071 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,090,028 |
INCOME & EXPENSE | |
Loan Income | 953,924 |
Investment Income | 623,582 |
Other Income | 158,408 |
Total Employee Compensation & Benefits | 484,214 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 629,156 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,500 |
Cost of Funds | 215,397 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 404,653 |
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