Northland Area Federal Credit Union


Overview / Commentary
989-739-1401
1161 N Bagley St
Alpena, MI 49707

Northland Area Federal Credit Union is headquartered in Alpena and is the 37th largest credit union in the state of Michigan. It is also the 620th largest credit union in the nation. It was established in 1957 and as of September of 2024, it had grown to 144 employees and 45,438 members at 17 locations. Northland Area Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Northland Area Federal Credit Union is open to those who who live, work, worship, or attend school in, and businesses and other legal entities located in the Michigan counties of Alcona, Alpena, Antrim, Arenac, Benzie, Charlevoix, Cheboygan, Clare, Crawford, Emmet, Gladwin, Grand Traverse, Iosco, Kalkaska, Lake, Leelanau, Manistee, Mason, Missaukee, Montmorency, Ogemaw, Osceola, Oscoda, Otsego, Presque Isle, Roscommon, or Wexford.
See current membership details

Reviews (3)

NAFCU "Northland Gaylord Branch"

Absolutely the best Credit Union/ Financial Institution hands down. I have had several Auto Loans as well as a Personal Loan and VISA and in my opinion, they have some of the best rates as well as the some of the friendliness / knowledgeable staff in the industry.

I have also been too the Grayling branch and they with addition to Gaylord and the Call Center are absolutely remarkable and I will Remain a member of this Institution indefinitely.

Overall Great Credit Union

Posted by: |

I have had several loans with Northland and the rates are very competitive. The level of service depends on which branch you go to. Mio, Hale, West Branch II are the best in my opinion for the ones that I have visited. Employees are nice and treat you like a friend.

Northland Bank In Hale

Posted by: |

Bad manager , i went to northland bank drive thru trying to cash cashier check, i got day before from another bank when i closed my account, the manager didnt even bother calling other bank to verify the check, and i have account with northland, no sorry we cant cash check cause not sure of the amount. i told her to call other bank to verify and she said that not her job, if you want to deposit it, deposit it, but wouldnt cash it. seriously is this how you do business, lazy manager.



Health

Health Grade Components

Overall
NCUA #11979
Year Chartered1957
Employees144
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD7.58%
Annual Interest Income$21.5MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$665MM$686.4MM
LoansQ3 2024vs Q3 2023$426.3MM$431.4MM
DepositsQ3 2024vs Q3 2023$577.6MM$615.3MM
Equity CapitalQ3 2024vs Q3 2023$41.8MM$25.4MM
Loan Loss AllowanceQ3 2024vs Q3 2023$4MM$4.8MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$3.5MM$1.6MM
Real Estate OwnedQ3 2024vs Q3 2023$226K$164K
Rates

Rates for Northland Area Federal Credit Union are currently being reviewed.

Locations

Availability



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