Dec, 31, 2023 — NORTHWOODS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in PARK FALLS, WI with 2 branch locations and about $89.10 million in total assets. Opened 71 years ago in 1953, NORTHWOODS COMMUNITY CREDIT UNION has about 8,537 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTHWOODS COMMUNITY CREDIT UNION |
---|---|
Address: (Main Office) | 1224 4th Ave S PARK FALLS, WI 54552-1923 |
Phone: | (715) 762-3208 |
Fax: | (725) 762-3490 |
Website: | https://www.northwoodscu.com |
Branches: | 2 branch locations |
Members: | 8,537 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67240 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $89,100,475 |
CEO/Manager: | Sally J Zoesch |
Chairperson: | Christine F Simon |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 4,173,552 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 245,990 |
Real Estate Loans | 15,957,672 |
Unsecured Loans | 1,484,409 |
Other Loans | 46,299,265 |
TOTAL LOANS | 65,452,009 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -340,033 |
Land And Building | 2,069,308 |
Other Fixed Assets | 298,915 |
NCUSIF Deposit | 810,352 |
All Other Assets | 8,000 |
TOTAL ASSETS | 89,100,475 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 41,313 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 529,497 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,169,225 |
Regular shares | 44,910,753 |
All Other Shares & Deposits | 9,940,824 |
TOTAL SHARES & DEPOSITS | 80,020,802 |
TOTAL LIABILITIES | 80,591,612 |
Regular Reserve | 0 |
Other Reserves | -165,307 |
Undivided Earnings | 8,674,170 |
TOTAL EQUITY | 8,508,863 |
TOTAL LIABILITIES, SHARES, & EQUITY | 89,100,475 |
INCOME & EXPENSE | |
Loan Income | 3,079,509 |
Investment Income | 270,186 |
Other Income | 302,245 |
Total Employee Compensation & Benefits | 1,694,451 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,554,705 |
Non-operating Income & (Expense) | 15,475 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 110,462 |
Cost of Funds | 308,256 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 425,509 |
↑ Back to Top |