First Northern Credit Union

230 West Monroe Street, Suite 2850
Chicago, IL 60606
(888) 328-8677
www.fncu.org

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First Northern Credit Union is headquartered in Chicago and is the 20^th largest credit union in the state of Illinois. It is also the 655^th largest credit union in the nation. It was established in 1944 and as of September of 2011, it had grown to 72 employees and 24,377 members. First Northern Credit Union has a 4-star health rating.

This Is Not A "Regular" Checking Account (Forum) - 2/9/2010

This is not a "regular" checking account. It's a reward checking account with a $7,500 cap that requires 10 debit card purchases, as you can see here: http://www.fncu.org/images/accounts_images/ckg_conv_chart.pdf

3.10% 18-Month CD at First Northern Credit Union in Illinois - 2/24/2009

First Northern Credit Union is offering several some competitive certificate rates. The best rates require a minimum deposit of $50,000. The most competitive include 2.95% APY for 12 months, 3.10% APY for 18 months and 3.25% APY for 24 months. Lower...

5.55% 36-Month CD at an Illinois CU (First Northern). - 11/13/2007

Update 12/31/07: The CD rates have fallen. Please check the credit union's website for the latest rates.First Northern Credit Union is offering a 5.55% APY 36-month share certificate (see rate table). The minimum deposit is $50,000. Yields of 5.35% APY...

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See Rates for: Checking | Savings | Money Market | CD | IRA

First Northern Credit Union Checking Account Rates

Apy	Min	Max	Product
2.50%	-	$7,500	Advantage Checking - Qualifying
0.10%	-	-	Preferred Checking

First Northern Credit Union Savings Account Rates

Apy	Min	Max	Product
0.25%	$25k	-	Share/Savings
0.25%	$25k	-	Holiday Club
0.25%	$25k	-	Vacation Club
0.25%	$25k	-	Moola Moose Club
0.25%	$25k	-	Compass Club

First Northern Credit Union Money Market Rates

Apy	Min	Max	Product
0.50%	$100k	-	Money Market - Market Yield
0.25%	$25k	-	Money Market - Market Demand

First Northern Credit Union CD Rates

Apy	Min	Max	Product
1.70%	$50k	-	60 Month Share Certificate
1.00%	$50k	-	36 Month Share Certificate
0.85%	$50k	-	24 Month Share Certificate
0.55%	$50k	-	18 Month Share Certificate
0.45%	$50k	-	12 Month Share Certificate
0.40%	$50k	-	6 Month Share Certificate

First Northern Credit Union IRA Rates

Apy	Min	Max	Product
2.60%	-	-	60 Month Coverdell ESA Certificate
1.90%	-	-	36 Month Coverdell ESA Certificate
1.75%	-	-	24 Month Coverdell ESA Certificate
1.70%	$50k	-	60 Month IRA Share Certificate
1.70%	$50k	-	60 Month Roth IRA Share Certificate
1.45%	-	-	18 Month Coverdell ESA Certificate
1.35%	-	-	12 Month Coverdell ESA Certificate
1.30%	-	-	6 Month Coverdell ESA Certificate
1.00%	$50k	-	36 Month IRA Share Certificate
1.00%	$50k	-	36 Month Roth IRA Share Certificate
0.85%	$50k	-	24 Month IRA Share Certificate
0.85%	$50k	-	24 Month Roth IRA Share Certificate
0.55%	$50k	-	18 Month IRA Share Certificate
0.55%	$50k	-	18 Month Roth IRA Share Certificate
0.45%	$50k	-	12 Month IRA Share Certificate
0.45%	$50k	-	12 Month Roth IRA Share Certificates
0.40%	$50k	-	6 Month IRA Share Certificate
0.40%	$50k	-	6 Month Roth IRA Share Certificate

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

FIRST NORTHERN
NCUA #	66359
BankRate Report	View
Year Established	1944
Employees	72
Primary Regulator
Assets and Liabilities
Assets	$283.44 million
Loans	$119.70 million
Deposits	$257.95 million
Equity Capital	$23.67 million
Loan Loss Allowance	$955,000
Unbacked Noncurrent Loans	$866,000
Historic Data - September 2010
Assets	$286.49 million
Equity Capital	$23.81 million
Loan Loss Allowance	$893,000
Unbacked Noncurrent Loans	$1.06 million
Profit Margin - Quarterly
Net Interest Margin	4.16%
Return on Assets	0.06%
Return on Equity	0.7%
Interest Income	$7.11 million
Non-Interest Income	$2.24 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 First Northern Credit Union had $866,000 in non-current loans and owned real-estate with $24.63 million in equity and loan loss allowances on hand to cover it. This gives First Northern Credit Union a Texas Ratio of 3.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for First Northern Credit Union decreased slightly from 4.28% as of September 30, 2010 to 3.52% as of September 30, 2011, resulting in a positive change of 17.89%.This indicates that the balance sheet and financial strength for First Northern Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, First Northern Credit Union has decreased its total deposits by -$2.4 million, resulting in -0.92% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Northern Credit Union has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Northern Credit Union has $283.44 million in assets with $24.63 million in equity, resulting in a capitalization level of 8.69%, which is average.