Dec, 31, 2023 — NORTHWEST HILLS CREDIT UNION is a federally insured state chartered credit union headquartered in TORRINGTON, CT with 2 branch locations and about $39.42 million in total assets. Opened 70 years ago in 1954, NORTHWEST HILLS CREDIT UNION has about 3,796 members and employs 10 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 |
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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: | 3,796 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65803 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $39,421,085 |
CEO/Manager: | Christopher Mastroni |
Chairperson: | Steven Chenail |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,101,503 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,346,255 |
Unsecured Loans | 2,995,835 |
Other Loans | 12,776,274 |
TOTAL LOANS | 18,118,364 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -134,331 |
Land And Building | 642,432 |
Other Fixed Assets | 81,698 |
NCUSIF Deposit | 370,719 |
All Other Assets | 0 |
TOTAL ASSETS | 39,421,085 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 34,083 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,254,353 |
Regular shares | 23,700,363 |
All Other Shares & Deposits | 2,804,480 |
TOTAL SHARES & DEPOSITS | 35,759,196 |
TOTAL LIABILITIES | 35,793,279 |
Regular Reserve | 0 |
Other Reserves | 1,117,992 |
Undivided Earnings | 2,509,814 |
TOTAL EQUITY | 3,627,806 |
TOTAL LIABILITIES, SHARES, & EQUITY | 39,421,085 |
INCOME & EXPENSE | |
Loan Income | 1,018,689 |
Investment Income | 753,802 |
Other Income | 295,472 |
Total Employee Compensation & Benefits | 713,887 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 815,219 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 72,177 |
Cost of Funds | 20,055 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 490,534 |
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