Sep, 30, 2025 — NORTH WESTERN EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in COUNCIL BLUFFS, IA with 1 branch location and about $10.24 million in total assets. Opened 85 years ago in 1941, NORTH WESTERN EMPLOYEES CREDIT UNION has about 1,199 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTH WESTERN EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1411 W Broadway COUNCIL BLUFFS, IA 51501-3922 |
| Phone: | (712) 328-2787 |
| Fax: | (712) 328-9236 |
| Website: | https://www.nwecu.org |
| Branches: | 1 branch locations |
| Members: | 1,199 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64282 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Apr 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,237,197 |
| CEO/Manager: | Mary P Siek |
| Chairperson: | Dillard Avey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,184,681 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 341,791 |
| Other Loans | 4,343,193 |
| TOTAL LOANS | 4,684,985 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,050 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 81,160 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,237,197 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,884 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,854 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,042,236 |
| Regular shares | 3,944,879 |
| All Other Shares & Deposits | 3,095,331 |
| TOTAL SHARES & DEPOSITS | 8,082,445 |
| TOTAL LIABILITIES | 8,103,183 |
| Regular Reserve | 0 |
| Other Reserves | 275,000 |
| Undivided Earnings | 1,859,014 |
| TOTAL EQUITY | 2,134,014 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,237,197 |
| INCOME & EXPENSE | |
| Loan Income | 263,499 |
| Investment Income | 137,777 |
| Other Income | 33,551 |
| Total Employee Compensation & Benefits | 116,633 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 142,341 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,800 |
| Cost of Funds | 96,265 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 108,077 |
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