Freedom Northwest Credit Union Fnwcu
- Assets
- $614.0m
- Revenue
- $35.8m
- Investments
- $3.6m
- Employees
- 59
- Location
- Kamiah, ID
- Founding
- 00/0000
- Data as of
- 12/2023
- 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 12/2023, Freedom Northwest Credit Union Fnwcu employed 59 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 12/2023, Freedom Northwest Credit Union Fnwcu generated $35.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 58.4% each year . All expenses for the organization totaled $24.0m during the year ending 12/2023. While expenses have increased by 57.2% per year over the past 5 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
2023
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 |
|---|---|---|---|
Tina Ulmer Bod Director | Trustee | 1 | $0 |
Betty Cloniger Bod Director | Trustee | 1 | $0 |
Carmon Henry Bod Director | Trustee | 1 | $0 |
Rodney Krogh Bod Vicechairperson | Trustee | 1 | $0 |
Adam Mcmurtrie Bod Treasurer | Trustee | 1 | $0 |
Kevin Steere Bod Chairperson | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sign Crafters Inc Signage & Advertising | 12/30/23 | $219,978 |
Tln Construction Construction | 12/30/23 | $185,614 |
Computer Marketing Corporation Core System | 12/30/23 | $196,656 |
Loomis Cash Deliver/vault | 12/30/23 | $104,582 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,272,234 |
| Investment income | $4,145,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $360,993 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,778,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $115,365 |
| Grants and other assistance to domestic individuals. | $35,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,083,360 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,683,354 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $705,939 |
| Payroll taxes | $284,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,432 |
| Fees for services: Accounting | $47,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,424 |
| Advertising and promotion | $148,849 |
| Office expenses | $1,009,771 |
| Information technology | $124,563 |
| Royalties | $0 |
| Occupancy | $112,555 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,864 |
| Interest | $15,458,421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,294 |
| Insurance | $169,305 |
| All other expenses | $69,292 |
| Total functional expenses | $23,968,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,024,625 |
| Savings and temporary cash investments | $41,374,762 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,871 |
| Loans from Officers, Directors, or Controlling Persons | $11,310,762 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $448,407,999 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,054,130 |
| Net Land, buildings, and equipment | $8,417,296 |
| Investments—publicly traded securities | $90,663,993 |
| Investments—other securities | $3,556,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,088,786 |
| Total assets | $613,960,024 |
| Accounts payable and accrued expenses | $3,828,624 |
| 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 | $72,400,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $481,449,056 |
| Total liabilities | $557,677,680 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $56,282,344 |
| Total liabilities and net assets/fund balances | $613,960,024 |
Grants Awarded
Over the last fiscal year, Freedom Northwest Credit Union Fnwcu has awarded $69,445 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLEARWATER VALLEY JRSR HIGH SCHOOL PURPOSE: CONTRIBUTIONS IN SUPPORT LOCAL SCHOOL | $29,885 |
KAMIAH HIGH SCHOOL PURPOSE: CONTRIBUTIONS IN SUPPORT LOCAL SCHOOL | $33,560 |
CLEARWATER VALLEY ROUNDUP ASSOCIATION PURPOSE: CONTRIBUTION TO SUPPORT ASSOCIATION | $6,000 |