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NORDSTROM FEDERAL CREDIT UNION

Jun, 30, 2023 — NORDSTROM FEDERAL CREDIT UNION is a federal credit union headquartered in EVERETT, WA with 2 branch locations and about $63.90 million in total assets. Opened 88 years ago in 1936, NORDSTROM FEDERAL CREDIT UNION has about 5,084 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORDSTROM FEDERAL CREDIT UNION
Address:
(Main Office)
2701 Hoyt Ave
EVERETT, WA 98201
Phone:(206) 774-2900
Fax:(206) 774-2929
Website:https://www.nordcu.org
Branches:2 branch locations
Members:5,084
Credit Union Type:Federal Credit Union
Charter Number:1788
Membership Type:Service - Finance, Insurance, Real Estate, Trade
Corporate Credit Union:No
Year Opened:1936
Last Audited:Mar 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$63,901,414
CEO/Manager:Shelli D Millhuff
Chairperson:Sara Clarke

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,707,445
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,443,249
 Unsecured Loans 3,015,380
 Other Loans 21,179,573
 TOTAL LOANS 30,638,202
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -187,499
 Land And Building 1,191,956
 Other Fixed Assets 67,434
 NCUSIF Deposit 557,247
 All Other Assets 0
  TOTAL ASSETS 63,901,414
LIABILITIES & CAPITAL:  
 Dividends Payable 600
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 783,689
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,205,915
 Regular shares 38,936,155
 All Other Shares & Deposits 6,250,512
  TOTAL SHARES & DEPOSITS 58,392,582
  TOTAL LIABILITIES 59,176,871
 Regular Reserve 0
 Other Reserves 1,482,448
 Undivided Earnings 3,242,095
  TOTAL EQUITY 4,724,543
  TOTAL LIABILITIES, SHARES, & EQUITY 63,901,414
INCOME & EXPENSE  
 Loan Income 890,188
 Investment Income 231,034
 Other Income 143,841
 Total Employee Compensation & Benefits 624,009
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 817,101
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -18,548
 Cost of Funds 28,594
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 24,799
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