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NEWRIZONS FEDERAL CREDIT UNION

Dec, 31, 2020 — NEWRIZONS FEDERAL CREDIT UNION is a federal credit union headquartered in HOQUIAM, WA with 1 branch location and about $18.54 million in total assets. Opened 56 years ago in 1965, NEWRIZONS FEDERAL CREDIT UNION has about 1,715 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.


ABA Routing Number: 325179959
Name:NEWRIZONS FEDERAL CREDIT UNION
Address:
(Main Office)
120 FIRMAN AVE
HOQUIAM, WA 98550
Phone:(360) 533-4760
Fax:(360) 532-0280
Website:http://www.newrizonsfcu.com
Branches:1 branch locations
Members:1,715
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$18,536,580
CEO/Manager:Adwena Y Gibbs
Chairperson:Daniel Doyle

Call Report

  • Commercial Loans
  • Credit Builder
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Refund Anticipation Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,500,866
TOTAL INVESTMENTS 5,966,956
Loans Held for Sale 0
 
 Real Estate Loans 3,969,879
 Unsecured Loans 3,023,707
 Other Loans 3,821,131
 TOTAL LOANS 10,814,717
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -160,000
 Land And Building 150,208
 Other Fixed Assets 28,652
 NCUSIF Deposit 130,731
 All Other Assets 104,450
  TOTAL ASSETS 18,536,580
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 64,811
 Accounts Payable & Other Liabilities 13,290
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 255,512
 Share Drafts 2,200,856
 Regular shares 4,576,857
 All Other Shares & Deposits 9,712,047
  TOTAL SHARES & DEPOSITS 16,489,760
  TOTAL LIABILITIES 16,823,373
 Regular Reserve 164,007
 Other Reserves 0
 Undivided Earnings 1,549,200
  TOTAL EQUITY 1,713,207
  TOTAL LIABILITIES, SHARES, & EQUITY 18,536,580
INCOME & EXPENSE  
 Loan Income 735,132
 Investment Income 122,340
 Other Income 178,100
 Total Employee Compensation & Benefits 383,879
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 297,129
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 72,558
 Cost of Funds 188,188
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 93,818
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