Dec, 31, 2023 — NORTHWESTERN MUTUAL CREDIT UNION is a federally insured state chartered credit union headquartered in MILWAUKEE, WI with 2 branch locations and about $235.47 million in total assets. Opened 91 years ago in 1933, NORTHWESTERN MUTUAL CREDIT UNION has about 6,792 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTHWESTERN MUTUAL CREDIT UNION |
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Address: (Main Office) | 720 E Wisconsin Ave MILWAUKEE, WI 53202 |
Phone: | (414) 665-3423 |
Fax: | |
Website: | https://www.mynmcu.com |
Branches: | 2 branch locations |
Members: | 6,792 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66555 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $235,468,955 |
CEO/Manager: | Joe Bukowski |
Chairperson: | Timothy Sternberg |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,284,666 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 92,531,438 |
Unsecured Loans | 2,276,414 |
Other Loans | 19,524,210 |
TOTAL LOANS | 114,332,062 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -281,012 |
Land And Building | 0 |
Other Fixed Assets | 46,672 |
NCUSIF Deposit | 1,769,046 |
All Other Assets | 0 |
TOTAL ASSETS | 235,468,955 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 39,643 |
Notes & Interest Payable | 12,056,434 |
Accounts Payable & Other Liabilities | 3,608,536 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,225,804 |
Regular shares | 35,359,249 |
All Other Shares & Deposits | 126,782,301 |
TOTAL SHARES & DEPOSITS | 195,367,353 |
TOTAL LIABILITIES | 211,071,966 |
Regular Reserve | 0 |
Other Reserves | -3,594,565 |
Undivided Earnings | 27,991,554 |
TOTAL EQUITY | 24,396,989 |
TOTAL LIABILITIES, SHARES, & EQUITY | 235,468,955 |
INCOME & EXPENSE | |
Loan Income | 4,112,954 |
Investment Income | 2,765,189 |
Other Income | 408,674 |
Total Employee Compensation & Benefits | 1,425,661 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,283,999 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,338 |
Cost of Funds | 4,366,462 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 259,542 |
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