Northland Area Federal Credit Union

Overview / Commentary
4346 E. F-41
Oscoda, MI 48750

Northland Area Federal Credit Union is headquartered in Oscoda and is the 36th largest credit union in the state of Michigan. It is also the 645th largest credit union in the nation. It was established in 1957 and as of June of 2019, it had grown to 138 employees and 47,706 members at 14 locations. Northland Area Federal Credit Union's money market rates are 14% higher than the national average, and it 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

Reviews (3)

No longer my first choice

My family banked exclusively with Northland growing up, so it was only natural that I open my first account there and expected my experience to be as positive as my families was. Unfortunately it wasn't so. Instead of guiding me in the process I was made to feel like I was an uneducated inconvenience.
At one time I wanted to add a checking account with a debit card to my new account and I was asked, "Do you really feel responsible enough for that?" Which, to be honest, was quite a blow to me. I already had my own apartment, car, and had been at my current job for over a year. In spite of all of this I stayed with the credit union for five years, as all their advertisements state that they are there for the community. After five years I switched to a bank, and I've had no complaints so far.

Love them

Posted by: kerisalas | Jun 16, 2017

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.


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.


Health Grade Components

NCUA #11979
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD6.88%
Annual Interest Income$8.6MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$432.5MM$404.1MM
LoansQ2 2019vs Q2 2018$352.1MM$310.6MM
DepositsQ2 2019vs Q2 2018$369.6MM$346.2MM
Equity CapitalQ2 2019vs Q2 2018$45.1MM$41.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$4.6MM$4.5MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$2.6MM$1.7MM
Real Estate OwnedQ2 2019vs Q2 2018$256.00K$234.00K
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* 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

1.05%--Traditional IRA
1.05%--Roth IRA
1.05%--Educational IRA
0.10%$5-Share Savings
0.10%--Name it Yourself

Northland Area Federal Credit Union Money Market Rates

0.50%*$50k*-Money Market Accounts
OTHER TIERS: 0.10% Up to $10k | 0.25% $10k - $25k | 0.40% $25k - $50k

Northland Area Federal Credit Union CD Rates

2.27%$500-5 Year Regular CD
2.25%$500-5 Year Regular CD Non-Compound
2.02%$500-18 Promo CD w/ Relationship
1.91%$500-18 Month Regular CD
1.90%$500-18 Month Regular CD Non-Compound
1.51%$500-4 Year Regular CD
1.50%$500-4 Year Regular CD Non-Compound
1.41%$500-30 Month Regular CD
1.40%$500-30 Month Regular CD Non-Compound
1.10%$500-3 Year Regular CD
1.10%$500-3 Year Regular CD Non-Compound
1.00%$50k-2 Year Jumbo CD
0.95%$500-2 Year Plus CD
0.95%$500-2 Year Regular CD Non-Compound
0.65%$50k-12 Month Jumbo CD
0.60%$500-1 Year Plus CD
0.60%$500-1 Year Regular CD Non-Compound
0.45%$50k-9 Month Jumbo CD
0.40%$500-9 Month Regular CD
0.40%$500-9 Month Regular CD Non-Compound
0.25%$50k-6 Month Jumbo CD
0.20%$500-6 Month Regular CD
0.20%$500-6 Month Regular CD Non-Compound
0.15%$20k-3 Month Jumbo CD
0.15%$10k-1 Month Jumbo CD
0.10%$500-3 Month Regular CD
0.10%$500-3 Month Regular CD Non-Compound

Northland Area Federal Credit Union IRA Rates

2.27%$500-5 Year IRA
1.91%$500-18 Month IRA
1.51%$500-4 Year IRA
1.41%$500-30 Month IRA
1.10%$500-3 Year IRA
0.95%$500-2 Year Plus IRA
0.60%$500-1 Year Plus IRA
0.40%$500-9 Month IRA
0.20%$500-6 Month IRA
0.10%$500-3 Month IRA


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