Dec, 31, 2023 — GREAT NORTHWEST FEDERAL CREDIT UNION is a federal credit union headquartered in ABERDEEN, WA with 5 branch locations and about $238.66 million in total assets. Opened 69 years ago in 1955, GREAT NORTHWEST FEDERAL CREDIT UNION has about 18,224 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREAT NORTHWEST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 301 W Wishkah St ABERDEEN, WA 98520-6130 |
| Phone: | (360) 533-9990 |
| Fax: | (360) 533-9989 |
| Website: | https://www.greatnwfcu.com |
| Branches: | 5 branch locations |
| Members: | 18,224 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24606 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $238,660,971 |
| CEO/Manager: | Doug Page |
| Chairperson: | Mike Lewin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,190,377 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 43,314,876 |
| Unsecured Loans | 13,293,405 |
| Other Loans | 75,636,262 |
| TOTAL LOANS | 134,179,999 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,390,593 |
| Land And Building | 2,994,459 |
| Other Fixed Assets | 538,075 |
| NCUSIF Deposit | 1,955,670 |
| All Other Assets | 439,752 |
| TOTAL ASSETS | 238,660,971 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,138,681 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,979,683 |
| Regular shares | 101,624,288 |
| All Other Shares & Deposits | 54,265,886 |
| TOTAL SHARES & DEPOSITS | 199,869,857 |
| TOTAL LIABILITIES | 201,008,538 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 37,652,433 |
| TOTAL EQUITY | 37,652,433 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 238,660,971 |
| INCOME & EXPENSE | |
| Loan Income | 8,716,746 |
| Investment Income | 3,619,461 |
| Other Income | 2,061,264 |
| Total Employee Compensation & Benefits | 4,729,169 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,897,662 |
| Non-operating Income & (Expense) | 31,978 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,924,375 |
| Cost of Funds | 1,129,772 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,287,930 |
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