Overview / Commentary
Northwest Community Credit Union is headquartered in Morton Grove and is the 66th largest credit union in the state of Illinois. It is also the 2,254th largest credit union in the nation. It was established in 1939 and as of December of 2022, it had grown to 7 employees and 3,122 members at 2 locations. Northwest Community Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live in the communities of Niles, Morton Grove, Des Plaines, Park Ridge, Glenview, Stokie, or Lincolnwood or belong to Divine Savior, Our Lady Mother of the Church, Our Lady of Ransom or 30 other area parishes and over 70 area businesses and schools.
See current membership details
Health
B+
Data as of Q4 2022
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Northwest Community Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 97108 |
| Year Chartered | 1939 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 2.55% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $64.5MM$58.1MM |
| Loans | Q4 2022vs Q4 2021 | $39.3MM$32.8MM |
| Deposits | Q4 2022vs Q4 2021 | $58.8MM$51.7MM |
| Equity Capital | Q4 2022vs Q4 2021 | $5.4MM$6.3MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $67.00K$76.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $37.00K$119.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |