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NORDSTROM FEDERAL CREDIT UNION

Mar, 31, 2021 — NORDSTROM FEDERAL CREDIT UNION is a federal credit union headquartered in Everett, WA with 2 branch locations and about $65.63 million in total assets. Opened 85 years ago in 1936, NORDSTROM FEDERAL CREDIT UNION has about 5,315 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:http://www.nordcu.org
Branches:2 branch locations
Members:5,315
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$65,634,571
CEO/Manager:Shelli D Millhuff
Chairperson:Jacob Bertram

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 24,713,715
TOTAL INVESTMENTS 11,500,081
Loans Held for Sale 0
 
 Real Estate Loans 5,031,844
 Unsecured Loans 2,488,866
 Other Loans 18,605,334
 TOTAL LOANS 26,126,044
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -145,356
 Land And Building 1,219,953
 Other Fixed Assets 148,847
 NCUSIF Deposit 523,057
 All Other Assets 1,548,230
  TOTAL ASSETS 65,634,571
LIABILITIES & CAPITAL:  
 Dividends Payable 1,009
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 559,377
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,719,104
 Regular shares 37,525,292
 All Other Shares & Deposits 6,036,329
  TOTAL SHARES & DEPOSITS 60,280,725
  TOTAL LIABILITIES 60,841,111
 Regular Reserve 1,489,791
 Other Reserves 8,270
 Undivided Earnings 3,295,399
  TOTAL EQUITY 4,793,460
  TOTAL LIABILITIES, SHARES, & EQUITY 65,634,571
INCOME & EXPENSE  
 Loan Income 226,131
 Investment Income -102,789
 Other Income 40,408
 Total Employee Compensation & Benefits 181,588
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 251,893
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -16,763
 Cost of Funds 20,089
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -208,551
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