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TACOMA NARROWS FEDERAL CREDIT UNION

Dec, 31, 2020 — TACOMA NARROWS FEDERAL CREDIT UNION is a federal credit union headquartered in RUSTON, WA with 2 branch locations and about $9.40 million in total assets. Opened 70 years ago in 1951, TACOMA NARROWS FEDERAL CREDIT UNION has about 898 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:898
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:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$9,403,671
CEO/Manager:Pat Sherfield
Chairperson:Roger Schweinler

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Pay Day Loans
  • Risk Based Loans
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 728,535
TOTAL INVESTMENTS 5,102,784
Loans Held for Sale 0
 
 Real Estate Loans 127,756
 Unsecured Loans 174,095
 Other Loans 3,128,680
 TOTAL LOANS 3,430,531
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -40,191
 Land And Building 41,538
 Other Fixed Assets 10,628
 NCUSIF Deposit 72,307
 All Other Assets 57,539
  TOTAL ASSETS 9,403,671
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 30,333
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 608,327
 Regular shares 6,130,232
 All Other Shares & Deposits 1,281,415
  TOTAL SHARES & DEPOSITS 8,019,974
  TOTAL LIABILITIES 8,050,307
 Regular Reserve 307,104
 Other Reserves 0
 Undivided Earnings 1,046,260
  TOTAL EQUITY 1,353,364
  TOTAL LIABILITIES, SHARES, & EQUITY 9,403,671
INCOME & EXPENSE  
 Loan Income 222,147
 Investment Income 96,070
 Other Income 45,143
 Total Employee Compensation & Benefits 206,922
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 95,177
 Non-operating Income & (Expense) 1,632
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 29,214
 Cost of Funds 22,576
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,103
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