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715-762-3208
1224 4th Ave S
Park Falls, WI 54552-1923

Northwoods Community Credit Union is headquartered in Park Falls and is the 53rd largest credit union in the state of Wisconsin. It is also the 1,766th largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 27 employees and 7,890 members. Northwoods Community Credit Union's savings rates are 44% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Must live or work in Ashland, Bayfield, Douglas, Forest, Iron, Langlade, Lincoln, Oneida, Price, Rusk, Sawyer, Taylor, Vilas, and Washburn. - See Details

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Health

Data for Q1 2014

Institution Health

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

Texas Ratio

GRADE:
C

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 Northwoods Community Credit Union had $3.57 million in non-current loans and owned real-estate with $9.05 million in equity and loan loss allowances on hand to cover it. This gives Northwoods Community Credit Union a Texas Ratio of 39.49% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Northwoods Community Credit Union increased slightly from 9.36% as of March 31, 2013 to 39.49% as of March 31, 2014, resulting in a negative change of 321.84%. This indicates that the balance sheet and financial strength for Northwoods Community Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Northwoods Community Credit Union has decreased its total deposits by $-645,000, resulting in -0.9% 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 Northwoods Community Credit Union has shown is 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. Northwoods Community Credit Union has $79.71 million in assets with $9.05 million in equity, resulting in a capitalization level of 11.35%, which is excellent.

Institution Statistics

Overall
NCUA #67240
Year Chartered1953
Employees27
Primary Regulator
Assets and Liabilities
Assets$79.71 million
Loans$42.30 million
Deposits$71.22 million
Equity Capital$8.32 million
Loan Loss Allowance$730,000
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$1.16 million
Historic Data - March 2013
Assets$81.12 million
Equity Capital$9.08 million
Loan Loss Allowance$292,000
Unbacked Noncurrent Loans$2.42 million
Real Estate Owned$445,000
Profit Margin - Quarterly
Net Interest Margin1.19%
Return on Assets0.33%
Return on Equity3.17%
Interest Income$578,000
Rates
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Northwoods Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%$100k-Premier IRA Club Savings
0.75%$100k-Premier Roth IRA Club Savings
0.75%$100k-Premier CESA Club Savings
0.50%--Christmas Club
0.50%--IRA Club Savings
0.50%--Roth IRA Club Savings
0.50%--CESA Club Savings
0.35%$10k-Premier Share Savings
0.25%$100-Share Savings (21 and over)
0.25%--Share Savings (Under 21)
0.25%$100-Open Club (21 and over)
0.25%--Open Club (Under 21)
0.25%$100-Tax & Insurance Club
0.25%--Kangaroo Kids Club
0.25%--Teen Cents Club

Northwoods Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$5k-Premier Checking (Share Draft)
0.30%$2,500-Preferred Plus Checking (Share Draft)
0.25%$1k-Preferred Checking (Share Draft)

Northwoods Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$100-Teen Cent$ and Kangaroo Kids Club Share Certificate Special
0.75%$50k-24 Month Share Certificate with Premier Account
0.75%$50k-36 Month Share Certificate with Premier Account
0.70%$50k-18 Month Share Certificate with Premier Account
0.65%$50k-12 Month Share Certificate with Premier Account
0.60%$50k-6 Month Share Certificate with Premier Account
0.55%$50k-24 Month Share Certificate
0.55%$50k-36 Month Share Certificate
0.50%$50k-18 Month Share Certificate
0.45%$50k-12 Month Share Certificate
0.40%$50k-6 Month Share Certificate
Locations


Northwoods Community Credit Union Locations
Branch OfficeInside Copps 256 S Lake AvePhillips, WI 54555-1320
Branch Office121 Main St WAshland, WI 54806-1637
Branch Office1224 4th Ave SPark Falls, WI 54552-1923