Sep, 30, 2025 — NORTHWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 2 branch locations and about $7.32 million in total assets. Opened 83 years ago in 1943, NORTHWOOD FEDERAL CREDIT UNION has about 319 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: | https://www.northwoodfcu.com |
| Branches: | 2 branch locations |
| Members: | 319 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,320,834 |
| CEO/Manager: | Carolyn A Penn |
| Chairperson: | Marc Altman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,435,554 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,901,003 |
| Unsecured Loans | 33,694 |
| Other Loans | 712,646 |
| TOTAL LOANS | 2,647,343 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -62,714 |
| Land And Building | 70,394 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 54,584 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,320,834 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 100,680 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,500 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,082,129 |
| All Other Shares & Deposits | 2,801,524 |
| TOTAL SHARES & DEPOSITS | 5,883,653 |
| TOTAL LIABILITIES | 5,989,833 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,331,001 |
| TOTAL EQUITY | 1,331,001 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,320,834 |
| INCOME & EXPENSE | |
| Loan Income | 92,327 |
| Investment Income | 89,499 |
| Other Income | 3,775 |
| Total Employee Compensation & Benefits | 81,833 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 47,248 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 71,697 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -15,177 |
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