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TACOMA NARROWS FEDERAL CREDIT UNION

Jun, 30, 2021 — TACOMA NARROWS FEDERAL CREDIT UNION is a federal credit union headquartered in RUSTON, WA with 2 branch locations and about $8.99 million in total assets. Opened 70 years ago in 1951, TACOMA NARROWS FEDERAL CREDIT UNION has about 875 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:875
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:$8,990,503
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 673,389
TOTAL INVESTMENTS 5,033,345
Loans Held for Sale 0
 
 Real Estate Loans 116,855
 Unsecured Loans 129,717
 Other Loans 2,896,948
 TOTAL LOANS 3,143,520
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,090
 Land And Building 41,537
 Other Fixed Assets 9,148
 NCUSIF Deposit 79,600
 All Other Assets 42,054
  TOTAL ASSETS 8,990,503
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 32,257
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 590,735
 Regular shares 5,857,482
 All Other Shares & Deposits 1,148,599
  TOTAL SHARES & DEPOSITS 7,596,816
  TOTAL LIABILITIES 7,629,073
 Regular Reserve 307,104
 Other Reserves 0
 Undivided Earnings 1,054,326
  TOTAL EQUITY 1,361,430
  TOTAL LIABILITIES, SHARES, & EQUITY 8,990,503
INCOME & EXPENSE  
 Loan Income 98,339
 Investment Income 32,403
 Other Income 3,489
 Total Employee Compensation & Benefits 98,581
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 40,962
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,664
 Cost of Funds 8,171
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,066
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