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TACOMA NARROWS FEDERAL CREDIT UNION

Dec, 31, 2021 — TACOMA NARROWS FEDERAL CREDIT UNION is a federal credit union headquartered in RUSTON, WA with 2 branch locations and about $8.34 million in total assets. Opened 71 years ago in 1951, TACOMA NARROWS FEDERAL CREDIT UNION has about 849 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:TACOMA NARROWS FEDERAL CREDIT UNION
Address:
(Main Office)
5319 N 51st St
RUSTON, WA 98407
Phone:(253) 759-3244
Fax:(253) 759-1533
Website:n/a
Branches:2 branch locations
Members:849
Credit Union Type:Federal Credit Union
Charter Number:7104
Membership Type:Multiple common bond - Primarily primary and fabricated metals
Corporate Credit Union:No
Year Opened:1951
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$8,341,557
CEO/Manager:Pat Sherfield
Chairperson:Roger Schweinler

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 322,451
TOTAL INVESTMENTS 5,281,997
Loans Held for Sale 0
 
 Real Estate Loans 6,049
 Unsecured Loans 118,898
 Other Loans 2,472,314
 TOTAL LOANS 2,597,261
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,055
 Land And Building 41,538
 Other Fixed Assets 7,648
 NCUSIF Deposit 79,600
 All Other Assets 33,117
  TOTAL ASSETS 8,341,557
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 54,589
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 492,268
 Regular shares 5,557,869
 All Other Shares & Deposits 872,309
  TOTAL SHARES & DEPOSITS 6,922,446
  TOTAL LIABILITIES 6,977,035
 Regular Reserve 307,104
 Other Reserves 0
 Undivided Earnings 1,057,418
  TOTAL EQUITY 1,364,522
  TOTAL LIABILITIES, SHARES, & EQUITY 8,341,557
INCOME & EXPENSE  
 Loan Income 182,733
 Investment Income 77,345
 Other Income 8,139
 Total Employee Compensation & Benefits 224,791
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 74,123
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -9,467
 Cost of Funds 15,065
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,158
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