Jun, 30, 2024 — NORTHWEST PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in EVERETT, WA with 5 branch locations and about $300.16 million in total assets. Opened 86 years ago in 1939, NORTHWEST PLUS CREDIT UNION has about 17,484 members and employs 46 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 PLUS CREDIT UNION |
|---|---|
| Address: (Main Office) | 2821 Hewitt Ave EVERETT, WA 98201 |
| Phone: | (425) 297-1000 |
| Fax: | (425) 297-1071 |
| Website: | https://nwpluscu.com |
| Branches: | 5 branch locations |
| Members: | 17,484 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67262 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $300,155,036 |
| CEO/Manager: | Torrie Ramos |
| Chairperson: | Gary Heilman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,011,647 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 250,000 |
| Real Estate Loans | 111,209,505 |
| Unsecured Loans | 14,053,980 |
| Other Loans | 58,269,705 |
| TOTAL LOANS | 183,533,190 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,160,805 |
| Land And Building | 4,678,588 |
| Other Fixed Assets | 305,544 |
| NCUSIF Deposit | 2,401,829 |
| All Other Assets | 113,628 |
| TOTAL ASSETS | 300,155,036 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 326 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,694,235 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 80,162,946 |
| Regular shares | 134,301,042 |
| All Other Shares & Deposits | 57,231,878 |
| TOTAL SHARES & DEPOSITS | 271,695,866 |
| TOTAL LIABILITIES | 274,390,427 |
| Regular Reserve | 0 |
| Other Reserves | -5,494,920 |
| Undivided Earnings | 31,259,529 |
| TOTAL EQUITY | 25,764,609 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 300,155,036 |
| INCOME & EXPENSE | |
| Loan Income | 5,522,583 |
| Investment Income | 905,243 |
| Other Income | 1,057,456 |
| Total Employee Compensation & Benefits | 2,912,065 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,924,873 |
| Non-operating Income & (Expense) | 136,498 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,000 |
| Cost of Funds | 163,148 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,186,229 |
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