Overview / Commentary
Nordstrom Federal Credit Union is headquartered in Everett and is the 59th largest credit union in the state of Washington. It is also the 2,334th largest credit union in the nation. It was established in 1936 and as of June of 2023, it had grown to 8 employees and 5,192 members at 2 locations. Nordstrom Federal Credit Union's savings rates are 7X the national average, and it has a C+ health rating.
Field of Membership Restrictions
Membership is open to all Nordstrom employees and their immediate family members.
See current membership details
Health
C+
Data as of Q2 2023
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Nordstrom Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1788 |
| Year Chartered | 1936 |
| Employees | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.38% |
| Return on Equity - YTD | 15.65% |
| Annual Interest Income | $1.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $58.6MM$66.4MM |
| Loans | Q2 2023vs Q2 2022 | $37.7MM$29.6MM |
| Deposits | Q2 2023vs Q2 2022 | $52.2MM$61.2MM |
| Equity Capital | Q2 2023vs Q2 2022 | $5.2MM$4.7MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$187.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $187.00K$27.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |