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Overview / Commentary
8930 Waukegan Rd
Morton Grove, IL 60053

Northwest Community Credit Union is headquartered in morton grove and is the 64th largest credit union in the state of Illinois. It is also the 2,108th largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 7 employees and 2,772 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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Data for Q1 2014

Institution Health

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


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Northwest Community Credit Union had $729,000 in non-current loans and owned real-estate with $6.66 million in equity and loan loss allowances on hand to cover it. This gives Northwest Community Credit Union a Texas Ratio of 10.95% 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 Northwest Community Credit Union experienced no significant changes from 11.91% as of March 31, 2013 to 10.95% as of March 31, 2014, resulting in a positive change of 8.08%.This indicates that the balance sheet and financial strength for Northwest Community Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Northwest Community Credit Union has decreased its total deposits by -$2.09 million, resulting in -3.76% 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.



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 $59.66 million in assets with $6.66 million in equity, resulting in a capitalization level of 11.16%, which is excellent.

Institution Statistics

NCUA #60276
Year Chartered1939
Primary Regulator
Assets and Liabilities
Assets$59.67 million
Loans$29.18 million
Deposits$53.40 million
Equity Capital$6.16 million
Loan Loss Allowance$503,000
Unbacked Noncurrent Loans$729,000
Real Estate Owned$0
Historic Data - March 2013
Assets$61.78 million
Equity Capital$6.17 million
Loan Loss Allowance$533,000
Unbacked Noncurrent Loans$729,000
Real Estate Owned$290,000
Profit Margin - Quarterly
Net Interest Margin1.07%
Return on Assets0.11%
Return on Equity1.1%
Interest Income$364,000
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Northwest Community Credit Union Savings Account Rates

0.10%$200-Share Savings

Northwest Community Credit Union Checking Account Rates

0.10%$2,500-Share Draft/Checking

Northwest Community Credit Union CD Rates

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

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

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