Dec, 31, 2023 — FORWARD FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in NIAGARA, WI with 4 branch locations and about $90.20 million in total assets. Opened 76 years ago in 1948, FORWARD FINANCIAL CREDIT UNION has about 8,147 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FORWARD FINANCIAL CREDIT UNION |
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Address: (Main Office) | 1250 Roosevelt Rd NIAGARA, WI 54151-1034 |
Phone: | (715) 251-4546 |
Fax: | (715) 251-3807 |
Website: | https://www.forwardfinancialcu.com |
Branches: | 4 branch locations |
Members: | 8,147 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66798 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $90,196,331 |
CEO/Manager: | Tammy Young |
Chairperson: | Dan Decker |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,506,762 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 27,279,948 |
Unsecured Loans | 3,144,939 |
Other Loans | 20,282,421 |
TOTAL LOANS | 50,707,308 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -538,081 |
Land And Building | 1,776,095 |
Other Fixed Assets | 308,012 |
NCUSIF Deposit | 788,489 |
All Other Assets | 7,285 |
TOTAL ASSETS | 90,196,331 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,312,166 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,588,375 |
Regular shares | 39,148,247 |
All Other Shares & Deposits | 20,166,454 |
TOTAL SHARES & DEPOSITS | 79,903,078 |
TOTAL LIABILITIES | 81,215,244 |
Regular Reserve | 0 |
Other Reserves | -1,342,286 |
Undivided Earnings | 10,323,373 |
TOTAL EQUITY | 8,981,087 |
TOTAL LIABILITIES, SHARES, & EQUITY | 90,196,331 |
INCOME & EXPENSE | |
Loan Income | 2,640,208 |
Investment Income | 965,296 |
Other Income | 329,350 |
Total Employee Compensation & Benefits | 1,722,716 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,925,417 |
Non-operating Income & (Expense) | 13,122 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 82,919 |
Cost of Funds | 202,663 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 619,779 |
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