Jun, 30, 2024 — 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 59 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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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