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National Credit Union Service Organization

NW PREFERRED FEDERAL CREDIT UNION

Jun, 30, 2021 — NW PREFERRED FEDERAL CREDIT UNION is a federal credit union headquartered in TIGARD, OR with 2 branch locations and about $182.37 million in total assets. Opened 81 years ago in 1940, NW PREFERRED FEDERAL CREDIT UNION has about 9,026 members and employs 32 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)
PO BOX 231269
TIGARD, OR 97281-1269
Phone:(503) 620-6248
Fax:(503) 620-2494
Website:http://nwpreferredfcu.com
Branches:2 branch locations
Members:9,026
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:$182,365,917
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 53,108,345
TOTAL INVESTMENTS 4,056,770
Loans Held for Sale 0
 
 Real Estate Loans 30,529,087
 Unsecured Loans 12,944,933
 Other Loans 76,940,688
 TOTAL LOANS 120,414,708
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -880,869
 Land And Building 2,209,740
 Other Fixed Assets 249,403
 NCUSIF Deposit 1,469,786
 All Other Assets 1,738,034
  TOTAL ASSETS 182,365,917
LIABILITIES & CAPITAL:  
 Dividends Payable 165,125
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,358,307
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 34,621,091
 Regular shares 4,374,230
 All Other Shares & Deposits 124,014,394
  TOTAL SHARES & DEPOSITS 163,009,715
  TOTAL LIABILITIES 164,533,147
 Regular Reserve 1,937,283
 Other Reserves 0
 Undivided Earnings 15,895,487
  TOTAL EQUITY 17,832,770
  TOTAL LIABILITIES, SHARES, & EQUITY 182,365,917
INCOME & EXPENSE  
 Loan Income 3,209,265
 Investment Income 60,582
 Other Income 132,256
 Total Employee Compensation & Benefits 1,350,562
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,248,043
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -70,000
 Cost of Funds 427,110
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,216,569
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