Overview / Commentary
First Northern Credit Union is headquartered in Chicago and is the 28th largest credit union in the state of Illinois. It is also the 858th largest credit union in the nation. It was established in 1944 and as of June of 2022, it had grown to 78 employees and 23,063 members at 4 locations. First Northern Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Boone, Dekalb, DuPage, Grundy, Lee, McHenry, Ogle, Stephenson, Will, Winnebago, Kane or Kendall counties in Illinois, the City of Evanston, employees of Exelon and subsidiaries, and employees or members of other select employer groups.
See current membership details
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Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66359 |
| Year Chartered | 1944 |
| Employees | 78 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.01% |
| Return on Equity - YTD | -0.14% |
| Annual Interest Income | $4.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $377.9MM$369.2MM |
| Loans | Q2 2022vs Q2 2021 | $194.4MM$178.0MM |
| Deposits | Q2 2022vs Q2 2021 | $352.6MM$337.9MM |
| Equity Capital | Q2 2022vs Q2 2021 | $21.5MM$27.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $2.0MM$2.0MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $752.00K$645.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |