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NORTHWEST MUNICIPAL FEDERAL CREDIT UNION

Sep, 30, 2022 — NORTHWEST MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in DES PLAINES, IL with 1 branch location and about $39.00 million in total assets. Opened 57 years ago in 1966, NORTHWEST MUNICIPAL FEDERAL CREDIT UNION has about 1,756 members and employs 5 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 MUNICIPAL FEDERAL CREDIT UNION
Address:
(Main Office)
1420 Miner St
DES PLAINES, IL 60016
Phone:(847) 391-5369
Fax:(847) 391-5479
Website:https://www.mynmfcu.com
Branches:1 branch locations
Members:1,756
Credit Union Type:Federal Credit Union
Charter Number:17752
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1966
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$39,001,639
CEO/Manager:Nick Chiaro
Chairperson:Tom Christiansen

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,544,796
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,629,862
 Unsecured Loans 1,386,135
 Other Loans 10,473,054
 TOTAL LOANS 14,489,051
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,604
 Land And Building 0
 Other Fixed Assets 1,658
 NCUSIF Deposit 326,008
 All Other Assets 0
  TOTAL ASSETS 39,001,639
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,247
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,503,304
 Regular shares 33,509,111
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 35,012,415
  TOTAL LIABILITIES 35,013,662
 Regular Reserve 0
 Other Reserves 218,217
 Undivided Earnings 3,769,760
  TOTAL EQUITY 3,987,977
  TOTAL LIABILITIES, SHARES, & EQUITY 39,001,639
INCOME & EXPENSE  
 Loan Income 391,560
 Investment Income 227,343
 Other Income 5,051
 Total Employee Compensation & Benefits 262,576
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 145,965
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,100
 Cost of Funds 162,940
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 73,873
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