Northland Area Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.60% | 5-year CD | 5 Year Regular CD Non-Compound 2.35% - Synchrony Bank 60 Month CD |
| 0.40% | 1-year CD | 1 Year Regular CD Non-Compound 1.40% - Synchrony Bank 12 Month CD |
| 0.10% | Savings | Name it Yourself |
Northland Area Federal Credit Union is headquartered in Oscoda and is the 41st largest credit union in the state of Michigan. It is also the 698th largest credit union in the nation. It was established in 1957 and as of March of 2017, it had grown to 113 employees and 43,590 members at 14 locations. Northland Area Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who who live, work, worship, or attend school in and businesses and other legal entities located in Alcona, Alpena, Arenac, Crawford, Iosco, Montmorency, Ogemaw, Oscoda, Otsego or Roscommon Counties in Michigan.
See current membership details
Love them
This CU serves my local fairly rural community in Northern Michigan. What I like best about it is the small town feel and that I am generally recognized when I go in. The employees there are genuinely friendly and helpful... without feeling manipulative. We often engage in local related conversation while doing business. I have had a few typical problems (not getting ATM card in mail, etc) and my problems have always been satisfactorily addressed. The website is user friendly without being excessively busy. I have had no security concerns, and almost always do not have a lengthy wait in line. I have never experienced any banking errors at this credit union, and the services they offer work just fine for me. I also have a better interest rate on my savings account than at a downstate bank with which I also maintain an account.
Disgruntled
This CU is the worst financial institute I have ever had to deal with. I have been a member of NAFCU since they merged with Ogemaw County Credit Union in 1995. I was a member of OCCU since 1989. With this said, I have never been approved for a loan without a co-signer. Every loan I have had here has been paid in full and never late. The employees do not treat me with the respect I have become used to at the other 3 banks I deal with, on a personal and professional level. So save your time and energy, go to a bank.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11979 |
| Year Chartered | 1957 |
| Employees | 113 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.81% |
| Return on Equity - YTD | 7.51% |
| Annual Interest Income | $3.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $348.0MM$324.6MM |
| Loans | Q1 2017vs Q1 2016 | $256.8MM$228.2MM |
| Deposits | Q1 2017vs Q1 2016 | $306.6MM$285.0MM |
| Equity Capital | Q1 2017vs Q1 2016 | $36.9MM$34.8MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $4.0MM$3.6MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $1.6MM$1.1MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $325.00K$259.00K |
Always verify rates and promotions with the bank or credit union. We are not Northland Area Federal 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.
Northland Area Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.90% | - | - | Traditional IRA | |
| 0.90% | - | - | Roth IRA | |
| 0.90% | - | - | Educational IRA | |
| 0.10% | - | - | Share Savings | |
| 0.10% | - | - | Name it Yourself |
Northland Area Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $50k* | - | Money Market Accounts | ||
| OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | |||||
Northland Area Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $500 | - | 5 Year Regular CD | |
| 1.60% | $500 | - | 5 Year Regular CD Non-Compound | |
| 1.51% | $500 | - | 30 Month Regular CD | |
| 1.50% | $500 | - | 30 Month Regular CD Non-Compound | |
| 1.21% | $500 | - | 4 Year Regular CD | |
| 1.20% | $500 | - | 4 Year Regular CD Non-Compound | |
| 0.90% | $500 | - | 3 Year Regular CD | |
| 0.90% | $500 | - | 3 Year Regular CD Non-Compound | |
| 0.60% | $500 | - | 18 Month Regular CD | |
| 0.60% | $50k | - | 2 Year Jumbo CD | |
| 0.60% | $500 | - | 18 Month Regular CD Non-Compound | |
| 0.55% | $50k | - | 12 Month Jumbo CD | |
| 0.50% | $500 | - | 2 Year Plus CD | |
| 0.50% | $500 | - | 2 Year Regular CD Non-Compound | |
| 0.40% | $500 | - | 1 Year Plus CD | |
| 0.40% | $50k | - | 9 Month Jumbo CD | |
| 0.40% | $500 | - | 1 Year Regular CD Non-Compound | |
| 0.30% | $500 | - | 9 Month Regular CD | |
| 0.30% | $500 | - | 9 Month Regular CD Non-Compound | |
| 0.20% | $500 | - | 6 Month Regular CD | |
| 0.20% | $50k | - | 6 Month Jumbo CD | |
| 0.20% | $500 | - | 6 Month Regular CD Non-Compound | |
| 0.10% | $500 | - | 3 Month Regular CD | |
| 0.10% | $20k | - | 3 Month Jumbo CD | |
| 0.10% | $10k | - | 1 Month Jumbo CD | |
| 0.10% | $500 | - | 3 Month Regular CD Non-Compound |
Northland Area Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $500 | - | 5 Year IRA | |
| 1.51% | $500 | - | 30 Month IRA | |
| 1.21% | $500 | - | 4 Year IRA | |
| 0.90% | $500 | - | 3 Year IRA | |
| 0.60% | $500 | - | 18 Month IRA | |
| 0.50% | $500 | - | 2 Year Plus IRA | |
| 0.40% | $500 | - | 1 Year Plus IRA | |
| 0.30% | $500 | - | 9 Month IRA | |
| 0.20% | $500 | - | 6 Month IRA | |
| 0.10% | $500 | - | 3 Month IRA |
Northland Area Federal Credit Union has 14 locations. Click to view all Northland Area Federal Credit Union locations.