Dec, 31, 2023 — NORTHWEST PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in EVERETT, WA with 6 branch locations and about $298.82 million in total assets. Opened 85 years ago in 1939, NORTHWEST PLUS CREDIT UNION has about 16,348 members and employs 51 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 PLUS CREDIT UNION |
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Address: (Main Office) | 2821 Hewitt Ave EVERETT, WA 98201 |
Phone: | (425) 297-1000 |
Fax: | (425) 297-1071 |
Website: | https://nwpluscu.com |
Branches: | 6 branch locations |
Members: | 16,348 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67262 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $298,821,651 |
CEO/Manager: | Torrie Ramos |
Chairperson: | Gary Heilman |
ASSETS: | $ Amount |
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Cash & Equivalents | 28,868,709 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 108,697,724 |
Unsecured Loans | 7,305,287 |
Other Loans | 70,376,935 |
TOTAL LOANS | 186,379,948 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -940,523 |
Land And Building | 4,561,199 |
Other Fixed Assets | 865,423 |
NCUSIF Deposit | 2,398,398 |
All Other Assets | 390,683 |
TOTAL ASSETS | 298,821,651 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 12,000,000 |
Accounts Payable & Other Liabilities | 1,623,589 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 76,849,438 |
Regular shares | 119,609,068 |
All Other Shares & Deposits | 58,614,191 |
TOTAL SHARES & DEPOSITS | 255,072,697 |
TOTAL LIABILITIES | 268,696,286 |
Regular Reserve | 0 |
Other Reserves | -3,938,938 |
Undivided Earnings | 34,064,303 |
TOTAL EQUITY | 30,125,365 |
TOTAL LIABILITIES, SHARES, & EQUITY | 298,821,651 |
INCOME & EXPENSE | |
Loan Income | 8,896,598 |
Investment Income | 1,827,400 |
Other Income | 1,169,502 |
Total Employee Compensation & Benefits | 4,256,173 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,709,862 |
Non-operating Income & (Expense) | 60,670 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 881,000 |
Cost of Funds | 1,676,417 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,190,774 |
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