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First Northern Credit Union


Overview / Commentary
www.fncu.org
888-328-8677
230 W Monroe St Suite 2850
Chicago, IL 60606

First Northern Credit Union is headquartered in Chicago and is the 30th largest credit union in the state of Illinois. It is also the 901st largest credit union in the nation. It was established in 1944 and as of June of 2023, it had grown to 69 employees and 22,980 members at 4 locations. First Northern Credit Union's money market rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to those who live or work in the Illinois counties of Boone, Cook, Dekalb, DuPage, Grundy, Kane, Kendall, Lake, Lee, McHenry, Ogle, Stephenson, Will, or Winnebago; or the Illinois cities Evanston or Rockford. Employees of Exelon, ComEd and its subsidiaries, or Northwestern Memorial Healthcare and its subsidiaries also qualify for membership. Employees, alumni or students of Northwestern University are also eligible to join.
See current membership details

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Health
B

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #66359
Year Chartered1944
Employees69
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD6.87%
Annual Interest Income$5.8MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$358.1MM$377.9MM
LoansQ2 2023vs Q2 2022$217.0MM$194.4MM
DepositsQ2 2023vs Q2 2022$321.0MM$352.6MM
Equity CapitalQ2 2023vs Q2 2022$21.3MM$21.5MM
Loan Loss AllowanceQ2 2023vs Q2 2022$1.8MM$2.0MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$950.00K$752.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Northern Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Northern Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-Share Savings
OTHER TIERS: 0.10% → $5 - $2.5k | 0.15% → $2.5k - $25k
0.20%*$25k*-Holiday Club
OTHER TIERS: 0.10% → $5 - $2.5k | 0.15% → $2.5k - $25k
0.20%*$25k*-Vacation Club
OTHER TIERS: 0.10% → $5 - $2.5k | 0.15% → $2.5k - $25k
0.20%*$25k*-Moola Moose Club
OTHER TIERS: 0.10% → $5 - $2.5k | 0.15% → $2.5k - $25k
0.20%*$25k*-Compass Club
OTHER TIERS: 0.10% → $5 - $2.5k | 0.15% → $2.5k - $25k
0.20%*$25k*-IRA Savings
OTHER TIERS: 0.10% → Up to $2.5k | 0.15% → $2.5k - $25k

First Northern Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%*$100k*-Money Market - Market Yield
OTHER TIERS: 0.10% → Up to $25k | 0.75% → $25k - $50k | 1.00% → $50k - $100k
0.55%*$25k*-Money Market - Market Demand
OTHER TIERS: 0.05% → Up to $2.5k | 0.45% → $2.5k - $25k

First Northern Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$750*$7.5kAdvantage Checking
OTHER TIERS: 0.01% → $7.5k+
0.05%--Preferred Checking

First Northern Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%*$50k*-60 Month Share Certificate
OTHER TIERS: 1.75% → $2.5k - $25k | 2.25% → $25k - $50k
2.25%*$50k*-36 Month Share Certificate
OTHER TIERS: 1.50% → $2.5k - $25k | 1.75% → $25k - $50k
2.00%*$50k*-24 Month Share Certificate
OTHER TIERS: 1.00% → $2.5k - $25k | 1.50% → $25k - $50k
1.60%*$50k*-18 Month Share Certificate
OTHER TIERS: 1.00% → $2.5k - $25k | 1.45% → $25k - $50k
1.50%*$50k*-12 Month Share Certificate
OTHER TIERS: 0.85% → $2.5k - $25k | 1.35% → $25k - $50k
1.25%*$50k*-6 Month Share Certificate
OTHER TIERS: 0.80% → $2.5k - $25k | 1.10% → $25k - $50k

First Northern Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%*$50k*-60 Month IRA Share Certificate
OTHER TIERS: 1.75% → $2.5k - $25k | 2.25% → $25k - $50k
2.25%*$50k*-36 Month IRA Share Certificate
OTHER TIERS: 1.50% → $2.5k - $25k | 1.75% → $25k - $50k
2.00%*$50k*-24 Month IRA Share Certificate
OTHER TIERS: 1.00% → $2.5k - $25k | 1.50% → $25k - $50k
1.75%$500-60 Month CESA Certificate
1.60%*$50k*-18 Month IRA Share Certificate
OTHER TIERS: 1.00% → $2.5k - $25k | 1.45% → $25k - $50k
1.50%$500-36 Month CESA Certificate
1.50%*$50k*-12 Month IRA Share Certificate
OTHER TIERS: 0.85% → $2.5k - $25k | 1.35% → $25k - $50k
1.25%*$50k*-6 Month IRA Share Certificate
OTHER TIERS: 0.80% → $2.5k - $25k | 1.10% → $25k - $50k
1.00%$500-18 Month CESA Certificate
1.00%$500-24 Month CESA Certificate
0.85%$500-12 Month CESA Certificate
0.80%$500-6 Month CESA Certificate
Locations


First Northern Credit Union Locations
Branch Office104 N Show Place DrRockford, IL 61107
Branch Office230 W Monroe St Suite 2850Chicago, IL 60606
Branch Office541 N Fairbanks CtChicago, IL 60611
Branch Office1705 Sherman AveEvanston, IL 60201

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