Freedom Northwest Credit Union Fnwcu
- Assets
- $115.3m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Kamiah, ID
- Founding
- 00/0000
- Data as of
- 12/2017
- EIN
- 82-0262758
Organization Overview
Freedom Northwest Credit Union Fnwcu is located in Kamiah, ID. The organization was established in 0000. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2016, Freedom Northwest Credit Union Fnwcu employed 26 individuals. Freedom Northwest Credit Union Fnwcu is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2017, Freedom Northwest Credit Union Fnwcu generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $4.5m during the year ending 12/2017. While expenses have increased by 21.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVINGS, LOANS, AND INVESTMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory S Garrett CEO | Officer | 40 | $158,116 |
Doug Warrington Chair | OfficerTrustee | 1 | $0 |
Kevin Steere Vice Chair | OfficerTrustee | 1 | $0 |
Dan Trankle Secretary | OfficerTrustee | 1 | $0 |
Adam Mcmurtrie Treasurer | OfficerTrustee | 1 | $0 |
Don Saraceno Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $152,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,093,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,454,810 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $301,479 |
| Payroll taxes | $124,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,890 |
| Fees for services: Accounting | $23,701 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,239 |
| Advertising and promotion | $90,248 |
| Office expenses | $286,523 |
| Information technology | $102,101 |
| Royalties | $0 |
| Occupancy | $199,219 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,921 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,890 |
| Insurance | $41,488 |
| All other expenses | $0 |
| Total functional expenses | $4,462,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,517,594 |
| Savings and temporary cash investments | $2,652,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,550,276 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $96,991,881 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,673,228 |
| Intangible assets | $0 |
| Other assets | $1,799,956 |
| Total assets | $115,276,651 |
| Accounts payable and accrued expenses | $9,992,058 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $107,140 |
| Total liabilities | $10,099,198 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $93,725,912 |
| Total liabilities and net assets/fund balances | $105,177,453 |
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