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NORDSTROM FEDERAL CREDIT UNION

Jun, 30, 2021 — NORDSTROM FEDERAL CREDIT UNION is a federal credit union headquartered in Everett, WA with 2 branch locations and about $64.39 million in total assets. Opened 85 years ago in 1936, NORDSTROM FEDERAL CREDIT UNION has about 5,283 members and employs 9 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:5,283
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$64,390,866
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 25,409,590
TOTAL INVESTMENTS 9,834,932
Loans Held for Sale 0
 
 Real Estate Loans 4,505,525
 Unsecured Loans 2,617,186
 Other Loans 18,730,701
 TOTAL LOANS 25,853,412
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -142,776
 Land And Building 1,215,181
 Other Fixed Assets 136,159
 NCUSIF Deposit 523,057
 All Other Assets 1,561,311
  TOTAL ASSETS 64,390,866
LIABILITIES & CAPITAL:  
 Dividends Payable 985
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 584,009
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 14,231,798
 Regular shares 37,622,441
 All Other Shares & Deposits 7,274,445
  TOTAL SHARES & DEPOSITS 59,128,684
  TOTAL LIABILITIES 59,713,678
 Regular Reserve 1,489,791
 Other Reserves 6,313
 Undivided Earnings 3,181,084
  TOTAL EQUITY 4,677,188
  TOTAL LIABILITIES, SHARES, & EQUITY 64,390,866
INCOME & EXPENSE  
 Loan Income 485,968
 Investment Income -85,605
 Other Income 84,769
 Total Employee Compensation & Benefits 413,004
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 506,686
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -17,906
 Cost of Funds 41,295
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -322,866
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