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NW PREFERRED FEDERAL CREDIT UNION

Mar, 31, 2022 — 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 82 years ago in 1940, NW PREFERRED FEDERAL CREDIT UNION has about 8,886 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.


ABA Routing Number: 323076575
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:http://nwpreferredfcu.com
Branches:2 branch locations
Members:8,886
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$189,637,657
CEO/Manager:Stephen Canfield
Chairperson:James Burgett

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 57,140,336
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 29,747,249
 Unsecured Loans 11,666,407
 Other Loans 81,667,925
 TOTAL LOANS 123,081,581
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -838,669
 Land And Building 2,170,902
 Other Fixed Assets 239,179
 NCUSIF Deposit 1,571,627
 All Other Assets 13,825
  TOTAL ASSETS 189,637,657
LIABILITIES & CAPITAL:  
 Dividends Payable 120,150
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,343,952
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 38,175,087
 Regular shares 3,962,867
 All Other Shares & Deposits 127,018,425
  TOTAL SHARES & DEPOSITS 169,156,379
  TOTAL LIABILITIES 170,620,481
 Regular Reserve 0
 Other Reserves 1,937,284
 Undivided Earnings 17,079,892
  TOTAL EQUITY 19,017,176
  TOTAL LIABILITIES, SHARES, & EQUITY 189,637,657
INCOME & EXPENSE  
 Loan Income 1,544,970
 Investment Income 44,940
 Other Income 76,062
 Total Employee Compensation & Benefits 717,597
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 561,331
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 60,000
 Cost of Funds 149,618
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 422,318
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