Jun, 30, 2024 — TACOMA NARROWS FEDERAL CREDIT UNION is a federal credit union headquartered in RUSTON, WA with 2 branch locations and about $8.83 million in total assets. Opened 74 years ago in 1951, TACOMA NARROWS FEDERAL CREDIT UNION has about 825 members 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: | 825 |
| 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: | $8,831,731 |
| CEO/Manager: | Pat Sherfield |
| Chairperson: | Roger Schweinler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 896,178 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,687 |
| Unsecured Loans | 96,726 |
| Other Loans | 2,368,611 |
| TOTAL LOANS | 2,468,024 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,095 |
| Land And Building | 43,198 |
| Other Fixed Assets | 6,853 |
| NCUSIF Deposit | 68,887 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,831,731 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 144,800 |
| Accounts Payable & Other Liabilities | -360,558 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,034,771 |
| Regular shares | 5,959,129 |
| All Other Shares & Deposits | 810,108 |
| TOTAL SHARES & DEPOSITS | 7,804,008 |
| TOTAL LIABILITIES | 7,588,250 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,243,481 |
| TOTAL EQUITY | 1,243,481 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,831,731 |
| INCOME & EXPENSE | |
| Loan Income | 100,379 |
| Investment Income | 37,832 |
| Other Income | 4,985 |
| Total Employee Compensation & Benefits | 142,635 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 90,394 |
| Non-operating Income & (Expense) | 1,951 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,082 |
| Cost of Funds | 9,076 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -121,040 |
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