Jun, 30, 2024 — 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 |
| 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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