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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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