Dec, 31, 2023 — NEWRIZONS FEDERAL CREDIT UNION is a federal credit union headquartered in HOQUIAM, WA with 1 branch location and about $22.63 million in total assets. Opened 59 years ago in 1965, NEWRIZONS FEDERAL CREDIT UNION has about 1,629 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: | NEWRIZONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 120 Firman Ave HOQUIAM, WA 98550-2006 |
| Phone: | (360) 533-4760 |
| Fax: | (360) 532-0280 |
| Website: | https://www.newrizonsfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,629 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16893 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,628,024 |
| CEO/Manager: | WILLIAM H HALL |
| Chairperson: | Daniel Doyle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 868,701 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,097,733 |
| Unsecured Loans | 3,017,394 |
| Other Loans | 3,589,286 |
| TOTAL LOANS | 16,704,413 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -291,445 |
| Land And Building | 113,326 |
| Other Fixed Assets | 16,204 |
| NCUSIF Deposit | 166,265 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,628,024 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 269,460 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 250,000 |
| Share Drafts | 2,599,372 |
| Regular shares | 4,969,221 |
| All Other Shares & Deposits | 11,170,902 |
| TOTAL SHARES & DEPOSITS | 18,739,495 |
| TOTAL LIABILITIES | 19,258,955 |
| Regular Reserve | 0 |
| Other Reserves | -107,967 |
| Undivided Earnings | 3,477,036 |
| TOTAL EQUITY | 3,369,069 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,628,024 |
| INCOME & EXPENSE | |
| Loan Income | 1,255,129 |
| Investment Income | 100,537 |
| Other Income | 86,802 |
| Total Employee Compensation & Benefits | 615,720 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 376,089 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 228,962 |
| Cost of Funds | 287,749 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,719 |
| ↑ Back to Top | |
» See also Statement of Financial Condition