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NORDSTROM FEDERAL CREDIT UNION

Dec, 31, 2020 — NORDSTROM FEDERAL CREDIT UNION is a federal credit union headquartered in SEATTLE, WA with 2 branch locations and about $61.31 million in total assets. Opened 85 years ago in 1936, NORDSTROM FEDERAL CREDIT UNION has about 5,353 members and employs 8 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)
4221 WINSLOW PL N
SEATTLE, WA 98103
Phone:(206) 774-2900
Fax:(206) 774-2929
Website:http://www.nordcu.org
Branches:2 branch locations
Members:5,353
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:$61,313,113
CEO/Manager:Shelli D Millhuff
Chairperson:Jacob Bertram

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • 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 21,512,398
TOTAL INVESTMENTS 13,634,369
Loans Held for Sale 0
 
 Real Estate Loans 1,916,498
 Unsecured Loans 2,543,692
 Other Loans 18,558,066
 TOTAL LOANS 23,018,256
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -172,636
 Land And Building 1,061,337
 Other Fixed Assets 57,702
 NCUSIF Deposit 520,687
 All Other Assets 1,681,000
  TOTAL ASSETS 61,313,113
LIABILITIES & CAPITAL:  
 Dividends Payable 875
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 716,730
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,576,158
 Regular shares 36,268,525
 All Other Shares & Deposits 5,748,490
  TOTAL SHARES & DEPOSITS 55,593,173
  TOTAL LIABILITIES 56,310,778
 Regular Reserve 1,489,791
 Other Reserves 8,594
 Undivided Earnings 3,503,950
  TOTAL EQUITY 5,002,335
  TOTAL LIABILITIES, SHARES, & EQUITY 61,313,113
INCOME & EXPENSE  
 Loan Income 960,530
 Investment Income 220,398
 Other Income 452,798
 Total Employee Compensation & Benefits 885,954
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 934,614
 Non-operating Income & (Expense) 592,604
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 50,134
 Cost of Funds 74,609
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 281,019
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