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NORTHWOOD FEDERAL CREDIT UNION

Sep, 30, 2021 — NORTHWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in Philadelphia, PA with 5 branch locations and about $10.94 million in total assets. Opened 79 years ago in 1943, NORTHWOOD FEDERAL CREDIT UNION has about 501 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:501
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,937,619
CEO/Manager:Carolyn A Penn
Chairperson:Marc Altman

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,305,859
TOTAL INVESTMENTS 4,809,903
Loans Held for Sale 0
 
 Real Estate Loans 1,742,738
 Unsecured Loans 68,346
 Other Loans 871,521
 TOTAL LOANS 2,682,605
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -80,705
 Land And Building 99,126
 Other Fixed Assets 0
 NCUSIF Deposit 85,381
 All Other Assets 35,450
  TOTAL ASSETS 10,937,619
LIABILITIES & CAPITAL:  
 Dividends Payable 41,824
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 7,098,328
 All Other Shares & Deposits 2,419,373
  TOTAL SHARES & DEPOSITS 9,517,701
  TOTAL LIABILITIES 9,559,525
 Regular Reserve 441,153
 Other Reserves 0
 Undivided Earnings 936,941
  TOTAL EQUITY 1,378,094
  TOTAL LIABILITIES, SHARES, & EQUITY 10,937,619
INCOME & EXPENSE  
 Loan Income 88,839
 Investment Income 69,831
 Other Income 2,792
 Total Employee Compensation & Benefits 79,142
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 52,493
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 39,309
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -9,482
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