Dec, 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 $58.15 million in total assets. Opened 83 years ago in 1939, NORTHWEST COMMUNITY CREDIT UNION has about 3,042 members and employs 10 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 |
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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: | 3,042 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 97108 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $58,149,139 |
CEO/Manager: | Jose Garcia |
Chairperson: | Emir Abinion |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,199,862 |
TOTAL INVESTMENTS | 19,178,403 |
Loans Held for Sale | 0 |
Real Estate Loans | 24,601,265 |
Unsecured Loans | 1,909,898 |
Other Loans | 6,305,464 |
TOTAL LOANS | 32,816,627 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,984 |
Land And Building | 0 |
Other Fixed Assets | 96,841 |
NCUSIF Deposit | 0 |
All Other Assets | 1,933,390 |
TOTAL ASSETS | 58,149,139 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 143,943 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,422,953 |
Regular shares | 22,069,082 |
All Other Shares & Deposits | 24,186,147 |
TOTAL SHARES & DEPOSITS | 51,678,182 |
TOTAL LIABILITIES | 51,822,125 |
Regular Reserve | 2,202,541 |
Other Reserves | -157,936 |
Undivided Earnings | 4,282,409 |
TOTAL EQUITY | 6,327,014 |
TOTAL LIABILITIES, SHARES, & EQUITY | 58,149,139 |
INCOME & EXPENSE | |
Loan Income | 1,224,075 |
Investment Income | 280,089 |
Other Income | 152,258 |
Total Employee Compensation & Benefits | 634,606 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 824,111 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -25,500 |
Cost of Funds | 256,057 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 493,176 |
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