Northwest Consumers Federal Credit Union

Overview / Commentary
2948 Garfield Rd N
Traverse City, MI 49686-5008

Northwest Consumers Federal Credit Union is headquartered in Traverse City and is the 174th largest credit union in the state of Michigan. It is also the 3,171st largest credit union in the nation. It was established in 1952 and as of December of 2020, it had grown to 6 employees and 2,686 members at 1 location. Northwest Consumers Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Grand Traverse County.
See current membership details


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Additional 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 Consumers Federal Credit Union has a low asset base.

Health Grade Components

NCUA #8077
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD7.38%
Annual Interest Income$870.00K
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$25.9MM$21.9MM
LoansQ4 2020vs Q4 2019$12.4MM$13.1MM
DepositsQ4 2020vs Q4 2019$22.9MM$19.0MM
Equity CapitalQ4 2020vs Q4 2019$2.9MM$2.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$206.00K$188.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$38.00K$47.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northwest Consumers Federal Credit Union Savings Account Rates

0.50%*$10$10kTraditional IRA Account
OTHER TIERS: 0.15% $10k - $40k | 0.20% $40k+
0.25%*$2.5k*-Special Share Account
OTHER TIERS: 0.10% Up to $500 | 0.15% $500 - $1k | 0.20% $1k - $2.5k
0.20%*$85k*-High Yield Account
OTHER TIERS: 0.05% $10 - $2.5k | 0.10% $2.5k - $50k | 0.15% $50k - $85k
0.05%$10-Share Savings Account

Northwest Consumers Federal Credit Union CD Rates

0.60%$500-60 Month Share Certificate
0.52%$500-48 Month Share Certificate
0.50%$500-36 Month Share Certificate
0.40%$500-24 Month Share Certificate
0.35%$500-15 Month Share Certificate
0.25%$500-12 Month Share Certificate
0.15%$500-6 Month Share Certificate

Northwest Consumers Federal Credit Union IRA Rates

0.60%$500-60 Month IRA Certificate
0.52%$500-48 Month IRA Certificate
0.50%$500-36 Month IRA Certificate
0.40%$500-24 Month IRA Certificate
0.35%$500-15 Month IRA Certificate
0.25%$500-12 Month IRA Certificate
0.15%$500-6 Month IRA Certificate

Northwest Consumers Federal Credit Union Locations
Branch Office2948 Garfield Rd NTraverse City, MI 49686-5008

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