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TACOMA NARROWS FEDERAL CREDIT UNION

Jun, 30, 2023 — 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 73 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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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