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 2,206th largest credit union in the nation. It was established in 1939 and as of September of 2024, it had grown to 8 employees and 2,641 members at 2 locations. Northwest Community Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Northwest Community Credit Union is open to those who live or work in in the Illinois counties of Lake, Will, or suburban Cook. Employees/members of 32 parishes, multiple businesses and organizations, and Saint Xavier University also qualify for membership.
See current membership details
Health
B
Data as of Q3 2024
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 | 8 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.18% |
| Return on Equity - YTD | -2.09% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $65.2MM$67.8MM |
| Loans | Q3 2024vs Q3 2023 | $44.6MM$43.4MM |
| Deposits | Q3 2024vs Q3 2023 | $59.4MM$62.4MM |
| Equity Capital | Q3 2024vs Q3 2023 | $5.7MM$5.2MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $291K$356K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $56K$68K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |