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Overview / Commentary
847-647-1030
8930 Waukegan Rd
Morton Grove, IL 60053

Northwest Community Credit Union is headquartered in morton grove and is the 63rd largest credit union in the state of Illinois. It is also the 2,073rd largest credit union in the nation. It was established in 1939 and as of December of 2013, it had grown to 7 employees and 2,702 members. Northwest Community Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be an employee or member of one of the several churches and employee groups. Also open to those who live or work in Maine or Niles Township. - See Details

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Northwest Community Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

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 December 31, 2013 Northwest Community Credit Union had $405,000 in non-current loans and owned real-estate with $6.64 million in equity and loan loss allowances on hand to cover it. This gives Northwest Community Credit Union a Texas Ratio of 6.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Northwest Community Credit Union decreased dramatically from 17.82% as of December 31, 2012 to 6.10% as of December 31, 2013, resulting in a positive change of 65.77%.This indicates that the balance sheet and financial strength for Northwest Community Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Northwest Community Credit Union has decreased its total deposits by -$2.91 million, resulting in -5.22% 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 Northwest Community Credit Union has shown is below average.

Capitalization

GRADE:
A

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. Northwest Community Credit Union has $59.31 million in assets with $6.64 million in equity, resulting in a capitalization level of 11.19%, which is excellent.

Institution Statistics

Overall
NCUA #60276
Year Chartered1939
Employees7
Primary Regulator
Assets and Liabilities
Assets$59.31 million
Loans$29.68 million
Deposits$52.83 million
Equity Capital$6.13 million
Loan Loss Allowance$507,000
Unbacked Noncurrent Loans$405,000
Real Estate Owned$0
Historic Data - December 2012
Assets$62.12 million
Equity Capital$6.23 million
Loan Loss Allowance$504,000
Unbacked Noncurrent Loans$405,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.57%
Return on Assets-0.21%
Return on Equity-1.99%
Interest Income$1.52 million
Rates
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Northwest Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$200-Share Savings

Northwest Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-Share Draft/Checking

Northwest Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$5k-2 1/2 Year CD
0.40%$2,500-1 Year CD
0.25%$1k-6 Month CD

Northwest Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$5k-2 1/2 Year IRA
0.40%$2,500-1 Year IRA
0.25%$1k-6 Month IRA
Locations


Northwest Community Credit Union Locations
Branch Office8930 waukegan rdmorton grove, IL 60053