Mar, 31, 2021 — NORTHWEST COMMUNITY CREDIT UNION is a non-federally insured state credit union headquartered in MORTON GROVE, IL with 2 branch locations and about $58.46 million in total assets. Opened 82 years ago in 1939, NORTHWEST COMMUNITY CREDIT UNION has about 3,017 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHWEST COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 8930 WAUKEGAN RD MORTON GROVE, IL 60053 |
| Phone: | (847) 647-1030 |
| Fax: | (847) 647-1208 |
| Website: | http://www.nwccu.com |
| Branches: | 2 branch locations |
| Members: | 3,017 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97108 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,458,791 |
| CEO/Manager: | Jose Garcia |
| Chairperson: | Emir Abinion |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,260,566 |
| TOTAL INVESTMENTS | 19,665,821 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,614,344 |
| Unsecured Loans | 3,382,717 |
| Other Loans | 7,366,539 |
| TOTAL LOANS | 32,363,600 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -131,250 |
| Land And Building | 0 |
| Other Fixed Assets | 119,716 |
| NCUSIF Deposit | 0 |
| All Other Assets | 2,180,338 |
| TOTAL ASSETS | 58,458,791 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 136,542 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,769,605 |
| Regular shares | 20,935,898 |
| All Other Shares & Deposits | 25,538,299 |
| TOTAL SHARES & DEPOSITS | 52,243,802 |
| TOTAL LIABILITIES | 52,380,344 |
| Regular Reserve | 2,202,541 |
| Other Reserves | -80,727 |
| Undivided Earnings | 3,956,633 |
| TOTAL EQUITY | 6,078,447 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,458,791 |
| INCOME & EXPENSE | |
| Loan Income | 305,713 |
| Investment Income | 61,039 |
| Other Income | 48,972 |
| Total Employee Compensation & Benefits | 150,706 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 189,198 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 72,765 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 167,400 |
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