Sep, 30, 2022 — NORTHWESTERN FEDERAL CREDIT UNION is a federal credit union headquartered in BRYAN, OH with 1 branch location and about $13.30 million in total assets. Opened 73 years ago in 1950, NORTHWESTERN FEDERAL CREDIT UNION has about 2,056 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHWESTERN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 234 N Main St BRYAN, OH 43506-1318 |
| Phone: | (419) 636-2123 |
| Fax: | (419) 636-5965 |
| Website: | https://northwesternfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,056 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6949 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,300,526 |
| CEO/Manager: | Mackenzie A Pardee |
| Chairperson: | Dean Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,351 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 44,520 |
| Unsecured Loans | 273,158 |
| Other Loans | 4,204,325 |
| TOTAL LOANS | 4,522,003 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -47,622 |
| Land And Building | 488,967 |
| Other Fixed Assets | 12,590 |
| NCUSIF Deposit | 124,408 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,300,526 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 40,522 |
| Notes & Interest Payable | 87,190 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,737,112 |
| Regular shares | 8,243,838 |
| All Other Shares & Deposits | 1,925,290 |
| TOTAL SHARES & DEPOSITS | 11,906,240 |
| TOTAL LIABILITIES | 12,033,952 |
| Regular Reserve | 0 |
| Other Reserves | 277,362 |
| Undivided Earnings | 989,212 |
| TOTAL EQUITY | 1,266,574 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,300,526 |
| INCOME & EXPENSE | |
| Loan Income | 128,750 |
| Investment Income | 62,933 |
| Other Income | 44,210 |
| Total Employee Compensation & Benefits | 108,761 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 131,758 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,101 |
| Cost of Funds | 11,087 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,404 |
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