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NORTHWEST MUNICIPAL FEDERAL CREDIT UNION

Mar, 31, 2021 — NORTHWEST MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in Des Plaines, IL with 1 branch location and about $34.66 million in total assets. Opened 55 years ago in 1966, NORTHWEST MUNICIPAL FEDERAL CREDIT UNION has about 1,730 members and employs 4 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, Room 405
Des Plaines, IL 60016
Phone:(847) 391-5369
Fax:(847) 391-5479
Website:http://www.mynmfcu.com
Branches:1 branch locations
Members:1,730
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$34,661,660
CEO/Manager:Nick Chiaro
Chairperson:Tom Christiansen

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,724,705
TOTAL INVESTMENTS 18,234,884
Loans Held for Sale 0
 
 Real Estate Loans 3,189,506
 Unsecured Loans 1,530,431
 Other Loans 9,679,140
 TOTAL LOANS 14,399,077
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,756
 Land And Building 0
 Other Fixed Assets 15,201
 NCUSIF Deposit 271,177
 All Other Assets 37,372
  TOTAL ASSETS 34,661,660
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,604
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,216,178
 Regular shares 29,661,882
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 30,878,060
  TOTAL LIABILITIES 30,880,664
 Regular Reserve 218,217
 Other Reserves 0
 Undivided Earnings 3,562,779
  TOTAL EQUITY 3,780,996
  TOTAL LIABILITIES, SHARES, & EQUITY 34,661,660
INCOME & EXPENSE  
 Loan Income 139,560
 Investment Income 71,473
 Other Income 2,513
 Total Employee Compensation & Benefits 84,162
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 42,869
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 32,543
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 62,737
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