Financial Performance Report
As of December 2022
”Our financial strength allows us more independence, more freedom... which translates into personalized, sensible, and local lending decisions for our members
Gregory GarrettCEO
As of December 2022
The first thing you might think is that we’re just another “bank.” But there are a number of differences that separate us from other financial institutions.
For example, a credit union is a member-owned financial cooperative that works to promote the interests of its members. Because profits are reinvested in the credit union, loans are generally a better deal, while interest rate yields on savings products are much higher.
In addition, as a member of the credit union, you’re also an owner. Every member has an equal vote in how the credit union is managed, no matter how little or how much money you have on deposit. Our Board of Directors is made up of unpaid volunteers, so you know their focus is always the financial well-being of the credit union and the best interests of its member-owners.
Freedom Northwest Credit Union was founded in 1963 by a dedicated group of volunteers, and we operated under the name Kamiah Community Credit Union until June 2016. From very humble beginnings, guided by the vision and strong leadership of committed volunteers, we have grown to serve 12,000 members with total assets of $426 million.
We are steadfastly focused on financial strength. As we manage our growth, lending, technology, personal service and member advocacy, every strategic decision is evaluated to ensure that we remain financially strong. In good times and bad, members can rest assured that Freedom Northwest Credit Union is rock solid. We have grown our capital at a rate far above our peers, resulting in our capital position increasing seven-fold over the last 15 years.
If you have any questions about our Loan Calculators, or just need some assistance in figuring out which loan is best for you,
stop by one of our convenient locations for personalized attention. Or feel free to give us a call or email us.
If you have any questions about our Loan Calculators, or just need some assistance in figuring out which loan is best for you, stop by one of our convenient locations for personalized attention. Or feel free to give us a call or email us.