Jun, 30, 2024 — NORTHWEST HILLS CREDIT UNION is a federally insured state chartered credit union headquartered in TORRINGTON, CT with 2 branch locations and about $42.24 million in total assets. Opened 71 years ago in 1954, NORTHWEST HILLS CREDIT UNION has about 4,120 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHWEST HILLS CREDIT UNION |
|---|---|
| Address: (Main Office) | 339 N Elm St TORRINGTON, CT 06790 |
| Phone: | (860) 496-7326 |
| Fax: | (860) 489-4486 |
| Website: | https://www.nwhcu.com |
| Branches: | 2 branch locations |
| Members: | 4,120 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65803 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,237,196 |
| CEO/Manager: | Paul Rougeot |
| Chairperson: | James Plawecki |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,451,076 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,343,194 |
| Unsecured Loans | 2,253,313 |
| Other Loans | 11,352,356 |
| TOTAL LOANS | 15,948,863 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -186,402 |
| Land And Building | 781,630 |
| Other Fixed Assets | 65,788 |
| NCUSIF Deposit | 379,261 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,237,196 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 411,541 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,275,008 |
| Regular shares | 27,006,090 |
| All Other Shares & Deposits | 2,479,044 |
| TOTAL SHARES & DEPOSITS | 38,760,142 |
| TOTAL LIABILITIES | 39,171,683 |
| Regular Reserve | 0 |
| Other Reserves | 1,117,992 |
| Undivided Earnings | 1,947,521 |
| TOTAL EQUITY | 3,065,513 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,237,196 |
| INCOME & EXPENSE | |
| Loan Income | 613,174 |
| Investment Income | 230,147 |
| Other Income | 206,731 |
| Total Employee Compensation & Benefits | 413,022 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 550,684 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 6,420 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 244,142 |
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