Jun, 30, 2024 — NW PREFERRED FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, OR with 2 branch locations and about $189.64 million in total assets. Opened 85 years ago in 1940, NW PREFERRED FEDERAL CREDIT UNION has about 8,860 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NW PREFERRED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8950 SW Burnham St PORTLAND, OR 97223 |
| Phone: | (503) 620-6248 |
| Fax: | (503) 620-2494 |
| Website: | https://nwpreferredfcu.com |
| Branches: | 2 branch locations |
| Members: | 8,860 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3853 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $189,644,426 |
| CEO/Manager: | Stephen Canfield |
| Chairperson: | James Burgett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,131,047 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,540,449 |
| Unsecured Loans | 12,174,766 |
| Other Loans | 88,374,713 |
| TOTAL LOANS | 131,089,928 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -817,951 |
| Land And Building | 2,163,658 |
| Other Fixed Assets | 288,627 |
| NCUSIF Deposit | 1,569,293 |
| All Other Assets | 13,931 |
| TOTAL ASSETS | 189,644,426 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 149,517 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,496,878 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,479,630 |
| Regular shares | 4,599,839 |
| All Other Shares & Deposits | 122,604,516 |
| TOTAL SHARES & DEPOSITS | 167,683,985 |
| TOTAL LIABILITIES | 169,330,380 |
| Regular Reserve | 0 |
| Other Reserves | 1,937,284 |
| Undivided Earnings | 18,376,762 |
| TOTAL EQUITY | 20,314,046 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 189,644,426 |
| INCOME & EXPENSE | |
| Loan Income | 4,894,793 |
| Investment Income | 502,009 |
| Other Income | 243,694 |
| Total Employee Compensation & Benefits | 2,109,429 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,716,837 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 240,000 |
| Cost of Funds | 532,747 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,719,186 |
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