Dec, 31, 2020 — NORTHWEST COMMUNITY CREDIT UNION is a non-federally insured state credit union headquartered in MORTON GROVE, IL with 2 branch locations and about $57.10 million in total assets. Opened 82 years ago in 1939, NORTHWEST COMMUNITY CREDIT UNION has about 3,111 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: | 3,111 |
| 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: | $57,096,431 |
| CEO/Manager: | Jose Garcia |
| Chairperson: | Bohdan Pleshkewych |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,993,449 |
| TOTAL INVESTMENTS | 18,227,725 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,470,324 |
| Unsecured Loans | 1,758,005 |
| Other Loans | 7,727,056 |
| TOTAL LOANS | 30,955,385 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -133,959 |
| Land And Building | 0 |
| Other Fixed Assets | 128,855 |
| NCUSIF Deposit | 0 |
| All Other Assets | 1,924,976 |
| TOTAL ASSETS | 57,096,431 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 135,585 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,543,819 |
| Regular shares | 20,273,168 |
| All Other Shares & Deposits | 26,117,000 |
| TOTAL SHARES & DEPOSITS | 50,933,987 |
| TOTAL LIABILITIES | 51,069,572 |
| Regular Reserve | 2,202,541 |
| Other Reserves | 35,085 |
| Undivided Earnings | 3,789,233 |
| TOTAL EQUITY | 6,026,859 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,096,431 |
| INCOME & EXPENSE | |
| Loan Income | 1,305,603 |
| Investment Income | 272,988 |
| Other Income | 149,245 |
| Total Employee Compensation & Benefits | 645,760 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 747,370 |
| Non-operating Income & (Expense) | 75,257 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 95,853 |
| Cost of Funds | 445,022 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -130,912 |
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