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NORTHWEST MUNICIPAL FEDERAL CREDIT UNION

Jun, 30, 2021 — NORTHWEST MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in Des Plaines, IL with 1 branch location and about $35.43 million in total assets. Opened 55 years ago in 1966, NORTHWEST MUNICIPAL FEDERAL CREDIT UNION has about 1,732 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:1,732
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:$35,428,947
CEO/Manager:Nick Chiaro
Chairperson:Tom Christiansen

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,989,118
TOTAL INVESTMENTS 19,088,884
Loans Held for Sale 0
 
 Real Estate Loans 3,095,389
 Unsecured Loans 1,461,862
 Other Loans 9,460,157
 TOTAL LOANS 14,017,408
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,256
 Land And Building 0
 Other Fixed Assets 12,719
 NCUSIF Deposit 308,392
 All Other Assets 33,682
  TOTAL ASSETS 35,428,947
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -607
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,267,521
 Regular shares 30,320,559
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 31,588,080
  TOTAL LIABILITIES 31,587,473
 Regular Reserve 218,217
 Other Reserves 0
 Undivided Earnings 3,623,257
  TOTAL EQUITY 3,841,474
  TOTAL LIABILITIES, SHARES, & EQUITY 35,428,947
INCOME & EXPENSE  
 Loan Income 281,490
 Investment Income 129,749
 Other Income 4,995
 Total Employee Compensation & Benefits 155,947
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 87,581
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 66,116
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 123,215
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