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NORTHWOOD FEDERAL CREDIT UNION

Mar, 31, 2021 — NORTHWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in Philadelphia, PA with 5 branch locations and about $11.17 million in total assets. Opened 78 years ago in 1943, NORTHWOOD FEDERAL CREDIT UNION has about 545 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORTHWOOD FEDERAL CREDIT UNION
Address:
(Main Office)
6836 Castor Ave
Philadelphia, PA 19149-2108
Phone:(215) 725-8100
Fax:(215) 725-2592
Website:http://northwoodfcu.com
Branches:5 branch locations
Members:545
Credit Union Type:Federal Credit Union
Charter Number:5062
Membership Type:Multiple common bond - Primarily faith based
Corporate Credit Union:No
Year Opened:1943
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$11,174,557
CEO/Manager:Carolyn A Penn
Chairperson:Marc Altman

Call Report

  • Commercial Loans
  • Real Estate Loans
  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,499,850
TOTAL INVESTMENTS 5,802,886
Loans Held for Sale 0
 
 Real Estate Loans 1,884,461
 Unsecured Loans 73,827
 Other Loans 774,007
 TOTAL LOANS 2,732,295
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -80,705
 Land And Building 104,460
 Other Fixed Assets 0
 NCUSIF Deposit 82,553
 All Other Assets 33,218
  TOTAL ASSETS 11,174,557
LIABILITIES & CAPITAL:  
 Dividends Payable 29,804
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,000
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 7,224,498
 All Other Shares & Deposits 2,523,380
  TOTAL SHARES & DEPOSITS 9,747,878
  TOTAL LIABILITIES 9,784,682
 Regular Reserve 441,153
 Other Reserves 0
 Undivided Earnings 948,722
  TOTAL EQUITY 1,389,875
  TOTAL LIABILITIES, SHARES, & EQUITY 11,174,557
INCOME & EXPENSE  
 Loan Income 31,859
 Investment Income 27,949
 Other Income 1,818
 Total Employee Compensation & Benefits 27,934
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,355
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 14,038
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,299
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