Northwoods Community Credit Union is headquartered in PARK FALLS and is the 52nd largest credit union in the state of Wisconsin. It is also the 1,764th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 29 employees and 7,839 members. Northwoods Community Credit Union's savings rates are 44% higher than the national average, and it has a C+ health rating.
Must live or work in Ashland, Bayfield, Iron, Oneida, Price, Sawyer, Vilas, Douglas, Washburn, Rusk, Taylor, Lincoln, Langlade or Forest County. - See Details
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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 Northwoods Community Credit Union had $3.37 million in non-current loans and owned real-estate with $8.99 million in equity and loan loss allowances on hand to cover it. This gives Northwoods Community Credit Union a Texas Ratio of 37.53% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Northwoods Community Credit Union increased slightly from 13.80% as of December 31, 2012 to 37.53% as of December 31, 2013, resulting in a negative change of 171.97%. This indicates that the balance sheet and financial strength for Northwoods Community Credit Union has declined slightly in recent periods.
In the past year, Northwoods Community Credit Union has increased its total deposits by $745,000, resulting in 1.09% 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 above 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. Northwoods Community Credit Union has $77.64 million in assets with $8.99 million in equity, resulting in a capitalization level of 11.58%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$8.23 million|
|Loan Loss Allowance||$756,000|
|Unbacked Noncurrent Loans||$2.06 million|
|Real Estate Owned||$1.31 million|
|Historic Data - December 2012|
|Equity Capital||$9.02 million|
|Loan Loss Allowance||$318,000|
|Unbacked Noncurrent Loans||$2.06 million|
|Real Estate Owned||$161,000|
|Profit Margin - Quarterly|
|Net Interest Margin||5.28%|
|Return on Assets||-0.91%|
|Return on Equity||-8.6%|
|Interest Income||$2.58 million|
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|0.75%||$100k||-||Premier IRA Club Savings|
|0.75%||$100k||-||Premier Roth IRA Club Savings|
|0.75%||$100k||-||Premier CESA Club Savings|
|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|
|0.35%||$5k||-||Premier Checking (Share Draft)|
|0.30%||$2,500||-||Preferred Plus Checking (Share Draft)|
|0.25%||$1k||-||Preferred Checking (Share Draft)|
|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|
|Northwoods Community Credit Union Locations|
|Branch Office||Inside Copps 256 S Lake Ave||Phillips, WI 54555-1320|
|Branch Office||121 Main St W||Ashland, WI 54806-1637|
|Branch Office||1224 4th Ave S||Park Falls, WI 54552-1923|